Professional Documents
Culture Documents
https://testbankfan.com/download/personal-finance-canadian-4th-edition-madura-test-
bank/
True/False
1) Salary or wages are the main source of income for most working people.
Answer: TRUE
Diff: 1 Type: TF
Categories: Personal Cash Flow Statement
Financial Type: Qualitative
Skill Type: Recall
2) Cash outflows represent your liabilities, such as the pay-off value on your car or home.
Answer: FALSE
Diff: 3 Type: TF
Categories: Personal Cash Flow Statement
Financial Type: Qualitative
Skill Type: Applied
4) Individuals who switch from a low-demand industry to a high-demand industry may earn
higher incomes.
Answer: TRUE
Diff: 1 Type: TF
Categories: Factors That Affect Cash Flows
Financial Type: Qualitative
Skill Type: Recall
5) During the final stage in the life cycle, retirement, people generally experience higher
incomes.
Answer: FALSE
Diff: 1 Type: TF
Categories: Factors That Affect Cash Flows
Financial Type: Qualitative
Skill Type: Recall
1
© 2019 Pearson Canada Inc.
7) A personal cash flow statement is usually the starting point for an individual's or family's
budget.
Answer: TRUE
Diff: 2 Type: TF
Categories: Personal Cash Flow Statement
Financial Type: Qualitative
Skill Type: Recall
8) One advantage of budgeting several months in advance is that you will be warned of potential
deficiencies and can determine how to cover them.
Answer: TRUE
Diff: 1 Type: TF
Categories: Creating a Budget
Financial Type: Qualitative
Skill Type: Recall
9) One of the problems in making a monthly budget is that some expenses fluctuate quite a bit
from month to month.
Answer: TRUE
Diff: 1 Type: TF
Categories: Creating a Budget
Financial Type: Qualitative
Skill Type: Applied
10) Getting financial help from family and friends should be your first options in case of
emergencies.
Answer: FALSE
Diff: 2 Type: TF
Categories: Creating a Budget
Financial Type: Qualitative
Skill Type: Applied
11) In order to have a successful budget experience, you must use both the envelope and the pay
yourself first methods.
Answer: FALSE
Diff: 1 Type: TF
Categories: Creating a Budget
Financial Type: Qualitative
Skill Type: Recall
2
© 2019 Pearson Canada Inc.
12) Stocks are considered a short-term liquid investment.
Answer: FALSE
Diff: 2 Type: TF
Categories: Personal Balance Sheet
Financial Type: Qualitative
Skill Type: Recall
13) Long-term liabilities are debts that will be paid off at least three years into the future.
Answer: FALSE
Diff: 1 Type: TF
Categories: Personal Balance Sheet
Financial Type: Qualitative
Skill Type: Recall
14) A high debt-to-asset ratio indicates an excessive amount of debt and should be reduced over
time to avoid any debt repayment problems.
Answer: TRUE
Diff: 2 Type: TF
Categories: Financial Ratio Calculations
Financial Type: Qualitative
Skill Type: Recall
15) Your net worth can change even if your net cash flows are zero.
Answer: TRUE
Diff: 3 Type: TF
Categories: Personal Balance Sheet
Financial Type: Qualitative
Skill Type: Applied
17) Paying $2000 to reduce your car loan to $5000 would increase your debt-to-asset ratio (all
else being equal).
Answer: FALSE
Diff: 1 Type: TF
Categories: Financial Ratio Calculations
Financial Type: Quantitative
Skill Type: Applied
3
© 2019 Pearson Canada Inc.
Another random document with
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As early as the reign of Edward III. (1327-1377), there is record of
a number of stationarii as carrying on business in Oxford. In an
Oxford manuscript dating from this reign, there is an inscription of a
certain Mr. William Reed, of Merton College, who tells us that he
purchased this book from a stationarius.[410]
In London, there is record of an active trade in manuscripts being
in existence as early as the middle of the fourteenth century. The
trade in writing materials, such as parchment, paper, and ink,
appears not to have been organised as in Paris, but to have been
carried on in large part by the grocers and mercers. In the
housekeeping accounts of King John of France, covering the period
of his imprisonment in England, in the years 1359 and 1360, occur
entries such as the following:
“To Peter, a grocer of Lincoln, for four quaires of paper,
two shillings and four pence.”
“To John Huistasse, grocer, for a main of paper and a
skin of parchment, 10 pence.”
“To Bartholomew Mine, grocer, for three quaires of
paper, 27 pennies.”[411]
The manuscript-trade in London concentrated itself in Paternoster
Row, the street which became afterwards the centre of the trade in
printed books.
The earliest English manuscript-dealer whose name is on record is
Richard Lynn, who, in the year 1358, was stationarius in Oxford.[412]
The name of John Browne occurs in several Oxford manuscripts on
about the date of 1400. Nicholas de Frisia, an Oxford librarius of
about 1425, was originally an undergraduate. He did energetic work
as a book scribe and, later, appears to have carried on an important
business in manuscripts. His inscription is found first on a manuscript
entitled Petri Thomæ Quæstiones, etc., which manuscript has been
preserved in the library of Merton.
There is record, as early as 1359, of a manuscript-dealer in the
town of Lincoln who called himself Johannes Librarius, and who
sold, in 1360, several books to the French King John. It is a little
difficult to understand how in a quiet country town like Lincoln with
no university connections, there should have been enough business
in the fourteenth century to support a librarius.
The earliest name on record in London is that of Thomas Vycey,
who was a stationarius in 1433. A few years later we find on a
parchment manuscript containing the wise sayings of a certain
Lombardus, the inscription of Thomas Masoun, “librarius of gilde
hall.”
Between the years 1461 and 1475, a certain Piers Bauduyn,
dealer in manuscripts, and also a bookbinder, purchased a number
of books for Edward IV. In the household accounts of Edward
appears the following entry: “Paid to Piers Bauduyn, bookseller, for
binding, gilding and dressing a copy of Titus Livius, 20 shillings; for
binding, gilding and dressing a copy of the Holy Trinity, 16 shillings;
for binding, gilding and dressing a work entitled ‘The Bible’ 16
shillings.”
William Praat, who was a mercer of London, between the years
1470 and 1480 busied himself also with the trade in manuscripts,
and purchased, for William Caxton, various manuscripts from France
and from Belgium.
Kirchhoff finds record of manuscript-dealers in Spain as early as
the first decade of the fifteenth century. He prints the name, however,
of but one, a certain Antonius Raymundi, a librarius of Barcelona,
whose inscription, dated 1413, appears in a manuscript of
Cassiodorus.
PART II.
THE EARLIER PRINTED BOOKS.
PART II.
THE EARLIER PRINTED BOOKS.
CHAPTER I.
THE RENAISSANCE AS THE FORERUNNER OF THE
PRINTING-PRESS.