List the ten principles of personal finance
What will be an ideal response?
Answer:
Principle 1: The best protection is knowledge.
Principle 2: Nothing happens without a plan.
Principle 3: The time value of money
Principle 4: Taxes affect personal finance decisions.
Principle 5: Stuff happens, or the importance of liquidity.
Principle 6: Waste not, want not—smart spending matters.
Principle 7: Protect yourself against major catastrophes.
Principle 8: Risk and return go hand in hand.
Principle 9: Mind games, your financial personality, and your money
Principle 10: Just do it!
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What occurs when any company lengthens its product line beyond its current range?
A) market overreach B) brand dilution C) product adaptations D) cannibalization E) line stretching
Which of the following terms best represents the way you would like your audience to respond to your message?
A) Purpose B) Audience need C) Desired outcome D) Business result E) Potential resistance