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- Question Number 1 Points: 0.00/5.00
- Question Text
- It takes 1 hour and 15 minutes for Becky to get to her mom’s house from her apartment. On her way home from her mom’s house, Becky needed to stop at the store which took 59 minutes to reach.
- It took Becky 16 minutes to get back to her apartment from the store. Find the sum of Becky’s driving times.
- Your Answer
- B. 31
- Question Number 2 Points: 5.00/5.00
- Question Text
- Which of the following is not a variable expense in the cost of operating a vehicle?
- Your Answer
- C. Car payment
- Question Number 3 Points: 5.00/5.00
- Question Text
- If 1 mile is equal to 1.6 kilometers, convert 50 kilometers to miles.
- Your Answer
- A. 31.25 miles
- Question Number 4 Points: 5.00/5.00
- Question Text
- Suppose that an insurance company’s monthly earnings can be estimated using the given formula: E = QP – AC – V. Use the formula to answer the following question: Q = 1,550, P = $148.50, A = 24, C = $2,500, and V = $215,000. What are the monthly earnings? Show a loss in parentheses as ($23100) and break even at $0, for example.
- Your Answer
- A. ($44825)
- Question Number 5 Points: 5.00/5.00
- Question Text
- Sometimes drivers grow sleepy at the wheel. What is one of the most dangerous things you can do in such a situation?
- Your Answer
- D. Turn up the music and open a window to help you stay alert.
- Question Number 6 Points: 5.00/5.00
- Question Text
- What type of insurance covers the difference between the value of your automobile and the amount of the loan should your car be totaled or stolen?
- Your Answer
- C. Gap insurance
- Question Number 7 Points: 5.00/5.00
- Question Text
- What is an example of a cost that would be saved if you do not drive a car?
- Your Answer
- B. Driver’s license fees
- Question Number 8 Points: 5.00/5.00
- Question Text
- This type of insurance covers expenses of repairing your own car when no one was directly responsible for the accident.
- Your Answer
- B. Comprehensive insurance
- Question Number 9 Points: 5.00/5.00
- Question Text
- Insurance agencies have determined that once a driver goes to sleep at the wheel one time, then he is likely to do what in the future?
- Your Answer
- C. Fall asleep again causing an accident
- Question Number 10 Points: 5.00/5.00
- Question Text
- Using the table, if the entire trip costs $2048.98, will the budget be met?
- Vacations Budget Item DesciQuantity Unit Cost Extended Cost
- Gasoline 166.27 gallons $2.201/gallon $365.79
- Service Oil change/fluids $39.42 $39.42
- Food 45 meals $4.78, $13.00 $400.05
- Lodging 13 nights $42.00-night $546.00
- Entertainment / Recreation Fees, Souvenirs $300.00
- Miscellaneous Mexico & Canada Expenses $500.00
- TOTAL $2,151.26
- Your Answer
- C. The budget will be a success with money left over.
- Question Number 11 Points: 5.00/5.00
- Question Text
- This type of insurance pays medical expenses when the insured was at fault.
- Your Answer
- G. Personal injury insurance
- Question Number 12 Points: 5.00/5.00
- Question Text
- In the earnings equation E = QP – AC – V for an insurance company, if E = $0, what happens immediately if there are a lot of accidents not anticipated by the insurance company?
- Your Answer
- A. Earnings will go negative.
- Question Number 13 Points: 5.00/5.00
- Question Text
- The car payment is $250 per month, the insurance is $150 per month, and gasoline and service average $210 per month. What is the estimated total monthly cost of these three items?
- Your Answer
- B. $610
- Question Number 14 Points: 0.00/5.00
- Question Text
- When an insurance company has claims to pay, what makes the most sense for an insurance company to do to offset expenses?
- Your Answer
- C. The company must raise the premiums of those who did not have an accident.
- Question Number 15 Points: 5.00/5.00
- Question Text
- What type of automobile insurance pays for claims against you for the injuries and property damage of other persons than yourself?
- Your Answer
- B. Liability insurance
- Question Number 16 Points: 0.00/5.00
- Question Text
- This type of insurance pays for lawsuits that are filed against you due to an accident in which you were at fault.
- Your Answer
- A. Collision insurance
- Question Number 17 Points: 0.00/5.00
- Question Text
- Sam’s car is paid for, but his insurance is $150 per month, and gasoline and service average $210 per month. In addition, Sam is saving $127.50 per month in preparation for buying a new Ranger pickup next year.
- What is the estimated total monthly cost of these three items?
- Your Answer
- C. $610.50
- Question Number 18 Points: 5.00/5.00
- Question Text
- Using the table and all other items remaining the same, what exactly will the total budget be if no entertainment, recreation, souvenirs, and fees are required?
- Vacations Budget Item DesciQuantity Unit Cost Extended Cost
- Gasoline 166.27 gallons $2.201/gallon $365.79
- Service Oil change/fluids $39.42 $39.42
- Food 45 meals $4.78, $13.00 $400.05
- Lodging 13 nights $42.00-night $546.00
- Entertainment / Recreation Fees, Souvenirs $300.00
- Miscellaneous Mexico & Canada Expenses $500.00
- TOTAL $2,151.26
- Your Answer
- A. $1851.26
- Question Number 19 Points: 0.00/5.00
- Question Text
- What is the sum of the following driving times: 4:28 + 2:11 + 1:00 + 3:25 + 2:30?
- Your Answer
- C. 59
- Question Number 20 Points: 5.00/5.00
- Question Text
- This type of insurance covers the cost of cleaning up an accident site and similar incidental expenses.
- Your Answer
- D. Insurance extras
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