iRubric: MCA #2 -2012- PERSONAL FINANCE II rubric

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MCA #2 -2012- PERSONAL FINANCE II PERSONAL FINANCE II. ESSAY ON RENTING, INSURANCE, WILLS, AUTO, IRAS Rubric Code: C7936W By prlaf61 Draft Public Rubric Subject: Finance Type: Exam Grade Levels: 9-12

PF II MCA 2-2012
	Poor 1 pts	Fair 2 pts	Good 3 pts
Renting	Poor Describe the advantages and disadvantages between signing a rental lease agreement versus a month to month agreement. In addition, explain a tenants responsibilities when renting an apartment.	Fair	Good
Risk Management	Poor Describe how a person’s insurance premium is decided for life, auto and property insurance.	Fair	Good
Wills/Estates	Poor Describe why it important for people to establish a will as they get older and start a family.	Fair	Good
Auto buying	Poor Why do new car dealers offer financing to potential buyers? What reasons would a buyer finance a car thru a dealer?	Fair	Good
Retirement Planning	Poor Explain the differences between a traditional IRA and a Roth IRA.	Fair	Good
Insurance	Poor Risk Management is based on probability and statistics. Explain how insurance companies use this information to determine an insurable risk.	Fair	Good
Leasing/Renting	Poor Why do landlords prefer to lease rather than rent month to month.	Fair	Good