Jim Has a $112,700 Home with a $58,444 Mortgage

question 10

Multiple Choice

Jim has a $112,700 home with a $58,444 mortgage. He has $7,995 in savings and an additional $5,021 in a mutual fund account. He owes $9,822 on his car and $2,143 on his credit card. What is Jim's net worth?

• A) $45,265
• B) $74,951
• C) $55,307
• D) $39,317

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Definitions:

James Grunig

A prominent figure in the field of public relations, known for his theories on public relations models, especially the two-way symmetrical model.

One-way Symmetrical

A communication model where messages are sent from an organization to its publics without expecting or incorporating feedback, focusing on persuasion.

Trust

The firm belief in the reliability, truth, ability, or strength of someone or something, often considered a key component in building and maintaining relationships and credibility.

Drive Change

The effort to cause or facilitate a shift in behavior, process, or culture within an organization or community.