Cwmc Module 30: Weddings Competency Test

10 Questions | Total Attempts: 40

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Module Quizzes & Trivia

This quiz is part of LFE Institute's CWMC (Certified Workplace Money Coaching) course. It will test your proficiency in the Weddings Module (Module 30) of the program. The questions are all multiple choice, and are designed to be a review of this Module. Let LFE know when you've successfully completed this test and are ready to take the Master Level (Level 4) Test. Correct answers required for passing grade: 9/10


Questions and Answers
  • 1. 
    Regardless of the age of the bride and groom, it is ____________ debt.
    • A. 

      Dependent on location if you will accumulate too much

    • B. 

      Possible to avoid going into

    • C. 

      A part of life to expect

    • D. 

      Impossible to evade unforeseen expenses and not incur

    • E. 

      None of the above

  • 2. 
    Money-saving strategies for wedding receptions include: (check all that apply)
    • A. 

      Planning the event close to holidays to spend less on flowers and decor

    • B. 

      Avoiding serving pasta dishes since they're known to hike up menu costs

    • C. 

      Creating handmade beautiful and affordable centerpieces instead of buying from a florist

    • D. 

      Serving alcohol instead of other beverages since alcohol carries a lower overhead cost

    • E. 

      Refusing help from family and friends since it is ill-mannered and rude to accept it

  • 3. 
    Which of the following tips would be effective ways to reduce the cost of an engagement ring purchase? (check all that apply)
    • A. 

      Title loans are ideal for financing wedding bands

    • B. 

      There are excellent stone choices other than white diamonds

    • C. 

      Engagement rings are accepted, standard exceptions to wedding spending plans

    • D. 

      Negotiate the actual price of the ring

    • E. 

      Pack lightly

  • 4. 
    CWMC Module 30 on Weddings specifically examines how the ________ the wedding can impact costs.
    • A. 

      In-laws at

    • B. 

      Dancing at

    • C. 

      Timing of

    • D. 

      Religious tendency of

    • E. 

      Colors of

  • 5. 
    Which of the following are GOOD reasons for a couple to sign a prenuptial agreement? (check all that apply)
    • A. 

      To maintain business ownership legalities

    • B. 

      To shield assets of children from a previous marriage

    • C. 

      To ensure future divorce proceedings will be trouble-free

    • D. 

      To protect valuable possessions, sizable assets or wealth prior to an upcoming marriage

    • E. 

      Because one partner pressured the other into it

  • 6. 
    Which of the following statements regarding wedding planners is FALSE?
    • A. 

      Charging by the hour is unethical and illegal

    • B. 

      Hiring a planner can save time, aggravation, and possibly money

    • C. 

      Fees can sometimes be commission based (percentage) of total wedding costs

    • D. 

      Some wedding coordinators have flat fees for services rendered

    • E. 

      Self-employed planners do not require formal training

  • 7. 
    Which of the following honeymoon experiences is likely to happen in real life? (check all that apply)
    • A. 

      "Our 'no-obligation' honeymoon consisted of lengthy timeshare sales pitches."

    • B. 

      "The phone caller said, ‘For a FREE vacation, all you need to do is pay the taxes.'"

    • C. 

      "We felt pressured when the vacation sales rep urged us to 'act now before it's too late.'"

    • D. 

      "We entered one honeymoon sweepstakes; now we receive lots of unwanted calls and e-mails from businesses."

  • 8. 
    Which of the following locations would most likely be discouraged when searching for a less expensive ceremony venue?
    • A. 

      The site of your religious membership (church, synagogue, temple, etc.)

    • B. 

      Ritz-Carlton Hotel, New York City

    • C. 

      The home or garden of parents or a close friend

    • D. 

      A court house civil ceremony

    • E. 

      Outdoor public locales including beaches, parks or lakes

  • 9. 
    Which of the following are necessary to obtain a marriage license in most states? (check all that apply)
    • A. 

      Proof of age and name with 2 forms of identification

    • B. 

      Social security card

    • C. 

      If previously married, proof of divorce, death or annulment

    • D. 

      Cashier’s check for payment

    • E. 

      A waiting period prior to ceremony

  • 10. 
    Gifts for the wedding party:
    • A. 

      Need to be expensive

    • B. 

      Are great ways to say "thank you"

    • C. 

      Are usually given months or years later

    • D. 

      Are contingent on how well each member performed his/her duties

    • E. 

      Are required