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Homeownership, Small Business and Preparing for College Posttest

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1. If you are fairly certain you are going to move within a year you should probably not buy a house.

True or False

2. How much of your gross income should go toward your house payment?

a) 25% - 30%

b) 10%

c) 50%

d) Income does not matter; it only matters if you have a good credit score


3. If you think the floor coverings in a house you are considering buying are really ugly, you should look for another house.

True or False

4. The United States Department of Agriculture can be a home lending source if you live in a town with a population of under 25,000.

True or False

5. TV advertising is one advertising strategy you might want to use for your small business.

True or False

6. Even if your business is not incorporated, you personally will not be held liable for the bills of your business.

True or False

7. One really good activity when you are thinking about opening a small business is to write a business plan.

True or False

8. When you are selecting a career you should find one that you will enjoy even if it does not pay as much as other careers.

True or False

9. One good place to start looking for money for college is the financial aid office at your college.

True or False

10. Which of the following is NOT a learning style?

a) Tactile

b) Visual

c) Romantic

d) Auditory

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