Multiple Choice Test, Business & Finance Homework Help (30 Questions)


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Student Name: ______________________
9_12 Shared Courses BF05 – Personal Finance Test 2
4.00 Test
Date: ___________
1. Which statement is true of government assistance programs?
Government programs were designed to provide permanent assistance to those in need.
The ultimate goal of government programs is for individuals to become self-sufficient and independent.
C. Government programs were developed to help one specific socio-economic group.
D. All government programs vary from state to state.
2. Which federal program assists low income families in purchasing nutritious foods?
Social Security
D. Medicare
3. Alyssa’s childcare provider called to tell her that the provider’s young daughter woke up ill and she won’t be
able to care for Alyssa’s son today. Alyssa’s friend, who is a stay-at-home mother, agrees to care for Alyssa’s
son today so Alyssa can go to work. Alyssa has utilized:
family child care
social capital
a non-profit organization
neighborhood watch
4. Diana has faced the fact that she and her family need to explore assistance programs they might qualify for
during the time she must be off work following an accident. How might she and her family locate an
appropriate program?
Call the Social Security Administration
Contact her local bank
C. Go to
D. Inquire at the local food pantry
5. Steven is moving into his first apartment in a few weeks and has been busy packing. In addition to the things
he has purchased with money earned from his full-time job, his parents have told him that he can take the
furniture in his bedroom and his bedding when he moves out. His parents are providing for him with which
type of income:
earned income
in-home income
gift income
in-kind income
6. Julie is a single mother who recently lost her job. She would like to obtain training in the medical field in
order to increase her future income and support her two children. In order to do this, she field in order to
increase her future income and support her two children. In order to do this, she will need help paying some
of her expenses while she is going back to school. Which government program might offer her assistance to
help with living expenses and job training?
Earned income tax credit
Unemployment insurance
D. Medicare
7. Due to unexpected circumstances, Ariel is temporarily receiving income from a government assistance
program. The funds she receives through the government program are most likely funded by:
small fees proportional to income of clients
fees that are charged to some, but not all, clients using the programs
taxes at the local, state, and federal levels
D. donations from large corporations
8. Erica is an active member of the Silver Cord program at her school. Through this program she commits to
completing at least 25 hours of community service each year of high school. Her advisor has encouraged her
to explore volunteering with non-profit organizations. Which of the following would qualify as a non-profit?
An extra-curricular activity in her school
The local private day care center
Big Brothers/Big Sisters
D. Her elderly neighbor who needs yard work done

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