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      #1 (permalink)  
    Old 03-12-2007, 08:29 PM
    scherrd scherrd is offline
    Minor Noble
     
    Join Date: Oct 2006
    Posts: 26
    Default Intro to Business and Personal Finance

    In a moment of weakness I decided to try and knock out two tests in one sitting.

    Intro to Business: I took this test first. The only thing that I had done was go over the IC flash cards one time and then looked over parts of them once more. Total of about 4-5 hours. This was a CBT test so I didn't have to wait for results. There were 100 questions. It took me 30 minutes to complete, then another 10 to review questions. I counted 13 that I had no idea on. Passed with a 67. I wanted to do a brain dump, but I don't remember any of it.

    Then...

    Personal finance: Since there were no flashcards, I used the Peterson's test guide, scored 37 out of 60 on that and reviewed those areas that I did not know too much about. There were 98 questions on this test; it took me one hour to complete and another 10 minutes for review again. Scored a 65.

    Here are some of the high points that I remember:

    Know about risk
    Be able to calculate interest over time. If you have financial calculator and know how to use it, it would really help.
    Retirement plans and IRAs and Keogh, which are tax deductible, deferred, etc.
    Bonds
    Types of taxable and non-taxable income
    Bankruptcy and Credit problems
    Credit cards
    Mortgages: PITI, escrow, qualifying
    Stocks :P/E, EPS
    Installment loans

    That is all that I remember at this point. I hope this helps someone
    __________________
    Doug

    MIS: 73 10/16/06
    Intro to Sociology: 66 10/23/06
    A & I Literature: 72 02/16/07
    Introduction to Business: 67 03/12/07
    Personal Finance: 65 03/12/07
    Introduction to World Religion: 73 09/14/07
    Organizational Behavior: 70 09/20/07
    Principles of Statistics: 74 10/06/07
    Public Speaking: 67 10/19/07 (However I failed the speaking portion by exceeding 5 minutes)
    General Anthropology: 61 01/04/08

    Park University - Information and Computer Science
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      #2 (permalink)  
    Old 03-12-2007, 09:26 PM
    mapalo mapalo is offline
    Viscount / Viscountess
     
    Join Date: Feb 2007
    Location: Boston
    Posts: 563
    Default

    Congratulations that is really good

    Mapalo
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      #3 (permalink)  
    Old 03-13-2007, 05:30 PM
    bceagles bceagles is offline
    Knight / Dame
     
    Join Date: Feb 2007
    Location: Chicago (Southside)
    Posts: 113
    Default

    Congrats! From what I've experienced and read on forums, these 2 exams can be taken with very little prep!
    __________________
    Excelsior College B.S. Liberal Studies

    119 Credits 2.75 GPA

    46 Credits transfered in from B & M School (5 D's, gotta love Excelsior)

    18 Credits from CLEP
    48 Credits From DSST/Dantes

    7 Credits from Excelsior College (Information Literacy, World Population & Ethics Theory and Practice)

    Remaining Exams/Courses

    ECE Org. Behavior

    and one of the following ECE exams (what would u recommend?):

    Research Methods in Psychology
    Foundations of Gerontology
    History of Nazi Germany
    American Dream
    Pathophysiology
    Psychology of Adulthood & Aging
    World Conflicts Since 1990
    Abnormal Psychology
    Social Psychology
    Organizational Behavior
    Religions of the World
    Juvenile Delinquency
    Bioethics
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