my finance lab homework answers

my finance lab homework answers

The Importance of Completing My Finance Lab Homework

1. Benefits of Completing My Finance Lab Homework

Understanding the Study Plan. Too many students go directly into working the problems that they take a test and fail because they have not understood the concept behind a given topic. MyFinanceLab has a study plan for each chapter. I feel it is in your best interest to start with the study plan. If you take it and understand the concept, the chances of future success with the problems increases drastically. If you get many of the study plan questions wrong, go back and review the material. Remember the thorough understanding of the concept is the goal for every student.

Understanding with the Tutor Class Discussion Board (DB) involvement. All MyFinanceLab class members are responsible for the design and posting of one question for the weekly Understanding with the Tutor DB, although additional questions are always welcomed. The purpose of this question is to help you understand the answer to a similar problem that may appear on the quiz or test. If answered correctly, I will provide feedback trying to correlate the question to the similar problem in MyFinanceLab. I know that your time is valuable and have a bunch of other classes. If you see that I am online and you have no assignment due, please take the time to ask me the question in an IM session. I guarantee it will pay off in the end. In addition to this are the usual helpful studies of discussing problems that others may have academic concerns with. I will elaborate on this more next week.

2. Enhancing Financial Knowledge and Skills

Adfin 12/10/2015 0 Comments Learning is an ongoing process. When you make a mistake, you learn from it and are less likely to make that mistake again. With MyFinanceLab, students have unlimited opportunities to practice and get the right feedback. When students make a mistake in a quiz or homework assignment, they are provided with step-by-step instruction. This feature provides an opportunity to learn from mistakes, allowing students to attain a deeper understanding of the course material. Step-by-step instruction is available for every problem in every assignment, providing detailed explanations and coverage of the course material. At times, students may get the answer correct but do not know why it is correct. The ability to see how to arrive at the correct answer is crucial to some students. Step-by-step instruction provides this and helps build a solid understanding of the course material. The Concept Practice part of MyFinanceLab helps students improve their knowledge by allowing them to work on an interactive concept. Students often learn best when they can apply what they learn. This part of MyFinanceLab provides a visual example along with the answer, and feedback is provided in the same manner as a regular homework assignment. Step-by-step instruction is also available for Concept Practice, allowing students to learn the material while applying the course concepts. This feature provides an adaptive learning tool to build students’ knowledge up to the level required to complete regular homework assignments and exams. Step-by-step, detailed instruction is the key to building a firm understanding of the course material and is a feature offered only by MyFinanceLab.

3. Gaining Confidence in Financial Decision Making

MyFinanceLab’s guided textbook solutions have been hugely helpful for understanding various problems and concepts within the finance industry. As it is a guided tutorial with plenty of examples, MyFinanceLab also reinforces the problems and concepts learned with guided solutions to aid in understanding. These guided solutions show the step-by-step process to reach the correct or incorrect answer. This is a great feature as some problems within the course are so complex that it would require more than just an answer to reach a proper understanding. By seeing the step-by-step solutions, it provides a mental process for how similar problems can be solved in our heads. By constantly reinforcing the problem-solving process whether or not the problem was solved correctly, it greatly helps in retaining the information learned for future references. Being able to constantly exercise the various techniques to solve these problems, viewers can also become more adept in problem-solving, more efficient, and occasionally achieving alternative methods in reaching a solution. This simply helps in developing the technical skills and knowledge of solving problems within the finance industry.

4. Improving Academic Performance and Grades

The completion of homework has indeed been associated with various indicators of student learning. Several researchers have used grades as an outcome measure and have found a significant relationship between homework completion and grades. For example, Gottfried (1985) found that homework behavior was positively associated with grades. Jerrim (2012), in a study using PISA data, has also found that the frequency of homework completion has a positive impact on mathematics attainment. In addition to grades, homework completion has been associated with improved study skills, academic skills, affect towards school, and self-regulatory skills which predict academic success (Diekman et al., 2009; Dumont et al., 2010).

Considerable evidence suggests that students who complete more homework are more likely to experience academic success and achieve higher academic performance. Homework completion is one aspect of academic behavior and a significant indicator of students’ attitude towards learning. Cheng (1985) maintained that homework completion is about effort in terms of persistence, thoroughness, and quality. He stressed that it is the effort and attitude which students invest in homework that has a critical impact on student learning.

5. Setting a Strong Foundation for Future Financial Success

A key feature of MyFinanceLab is that it provides students with detailed feedback upon incorrect responses to assignment questions. This definitive right or wrong feedback is a beneficial resource to students as it assists them in learning from their mistakes. With the textbook or in class, students often come across material that they are unsure if they understand completely. Usually, they pass over this material hoping it doesn’t appear on any exams. This is a poor strategy of avoidance, and it is guaranteed that with MyFinanceLab, homework this very material will be on an exam. MyFinanceLab will not let the student pass over material without a complete understanding of it. This is because doing so will cost the student points once the relevant material is brought up in a quiz or test.

Arguably, the overarching importance of homework is that it is expected to teach you the material better than the class or textbook. This may not always be the case and is usually dependent on the teacher. However, the mere thought of comprehending the class or textbook should be sufficient enough to compel you to complete your MyFinanceLab work. A lot of what is done in the beginning will be revisited later in the course. If you attempt to take the easy way out by skipping work and only cramming for tests, you may achieve a decent grade in the class, but the material is sure to be lost and forgotten in no time. This is an inefficient approach to education and is definitely not beneficial to long-term success in learning finance. Completing the MyFinanceLab work, particularly the problems and quizzes, will force you to grasp the current material so that it can be used to solve the problems and answer quiz questions.