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Knowledge Check - Module 8
Name (Last, First):
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1. What advice does Dr. Phil give about insurance, or risk management?
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"Things are going to happen to you, that you don't know will happen, and you may not be able to avoid them."
"Risk Management isn't important to Linda."
"The world is a risky place, but not risky enough to manage your risks."
"Who thinks about things like insurance?"
2. When do you receive your W2 form, which shows you how much money you've made over the course of the year and how much was taken out in taxes?
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March and June
March, June, September
End of calendar Year (So, shortly after December 31st)
Middle of Year (June)
3. An insurance premium is?
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The amount you pay to have insurance for a specific amount of time.
A request you make to your insurance company for payment of benefits allowed by your coverage.
Amount you are required to pay toward each claim you make before your insurance kicks in. This is in addition to the regular price of your premium.
None of the above.
4. A deductible is?
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The amount you pay to have insurance for a specific amount of time.
A request you make to your insurance company for payment of benefits allowed by your coverage.
Amount you are required to pay toward each claim you make before your insurance kicks in. This is in addition to the regular price of your premium.
None of the above.
5. A claim is?
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The amount you pay to have insurance for a specific amount of time.
A request you make to your insurance company for payment of benefits allowed by your coverage.
Amount you are required to pay toward each claim you make before your insurance kicks in. This is in addition to the regular price of your premium.
None of the above.
6. Capital gains tax is?
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Tax charged on the profits made on the sale of something that was purchased at a lower price.
Tax charged at the time of a purchase.
A tax created by Samuel Gains in Washington D.C.
None of the above.
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