According

to the lecture content on ‘Happiness and the Brain’, engaging in a mindfulness activity

that involves focusing on slow breathing is MOST likely to be associated with:

Which

of the following situations is MOST consistent with the concept of Eudaimonic

Happiness:

Which of the following statements about Operating Leverage and Risk from the lecture are TRUE:

1. Someone

   with relatively high fixed costs and low variable costs will have a high level

   of operating leverage and a low risk of making a large loss if their income

   falls.

2. Someone

   with relatively low fixed costs and high variable costs will have a low level

   of operating leverage and a high risk of making a large loss if their income falls.

You

have just bought a new motor vehicle for $70,000 and you estimate that it

will have an effective life of 9 years after which it will be worthless (zero

salvage value). What is the depreciation expense over the first year using the straight-line

(Prime Cost) method (to the nearest dollar)?

Which of the following statements about the relationship between the transactions on the Income Statement and Balance Sheet are TRUE:

1. You

   buy a $100 item of clothing on your debit card and you treat the clothing as an

   expense (not an asset). The immediate impact of this transaction at the time of

   purchase involves incurring an expense of $100, a decrease in profit of $100, a

   decrease in assets of $100 and a decrease in wealth of $100.

2. You

   receive $100 in interest on a savings account. The immediate impact of this transaction

   to the time of receiving the interest is an income of $100, an increase in

   profit of $100, an increase in assets of $100 and an increase in wealth of

   $100.

You buy a computer game for $50 using your credit card, receive $90 in wages from your casual job and some investments increase in value by $20 but you do not sell them. Calculate the overall effect of these three events on your CASH FLOW.

You

spend $300 on a holiday using your credit card, your parents give you a gift of

$500 (paid to your bank account) and you receive $200 in interest. Calculate

the overall effect of these three events on your

You

spend $300 on a holiday using your credit card, your parents give you a gift of

$500 cash and you earn $200 in interest on your savings account. Calculate the

overall effect of these three events on your

Which

of the following statements about Budgets, Tracking Expenses and setting up a

System of Accounts is

Which of the following statements about ‘The Pie’ metaphor covered in the lecture are TRUE:

1. ‘The

   Pie’ metaphor is structured around the formula that income less expenses is equal

   to profit (or saving).

2. Planning to be generous should be done out of any residual money left-over after saving for the future and paying for living expenses.