Earning Unit Multiple Test Bank

Front 1

which of the following statements is not true?

Back 1

A. most people have several careers throughout their lifetime.

Front 2

jose has been challenged by his academic advisor to 'develop some human capital' this school year. which activity below would be the least affective way to reach that goal?

Back 2

A. spend additional time playing video games to further develop his eye-hand cooordination.

Front 3

ones lifestyle is to their standard of living as present is to___________?

Back 3

C. future

Front 4

miranda is working to develop a broad base of transferable skills. this means that she:

Back 4

D. will have a set a versatile skill that she can apply to many personal and professional roles.

Front 5

eric is writing a paper on the importance of investing in yourself and he is looking for a sentence to use as the thesis statement for his paper. which sentence below would be the best choice?

Back 5

B. education pays in higher earnings and lower unemployment rates.

Front 6

an example of a transferable skill is a skill:

Back 6

A. used in your job that you acquired through past jobs, volunteering, hobbies, school sports, or other life experiences.

Front 7

lora is a high school computer and technology teacher. she enrolls in a computer class at least twice per year to stay current on recent technology changes and updates. by continuing her education, lora is investing in her:

Back 7

B. human capital

Front 8

individuals with more formal educational training usually have:

Back 8

A. higher estimated lifetime earnings.

Front 9

zoe has been assigned by her school counsler to complete a career assessment. which statement best describes why her counsler has sugested she do this?

Back 9

B. her counselor wants zoe to match her skills, abilities, interests and values with a list of specific occupations.

Front 10

joanna has arranged to complete a job shadow with a physical therapist to decide if this is a career she wants to pursue. which of her concerns is she most likely to have answered as a result of her job shadow?

Back 10

C. common tasks and typical daily activities

Front 11

which statement would not be true about the value of career research?

Back 11

D. there are many careers that would support your well-being. career exploration allows you to find the one that pays the most so your well-being is enhanced to the highest degree.

Front 12

career assessments help to identify:

Back 12

D. possible career areas related to ones interests.

Front 13

in order to make an informed career decision, a high school student will want to:

Back 13

C. develop personal goals, complete a career assessment, and research careers.

Front 14

when charles received his college placement test results, he is informed that he will need remediation in math. which situation is not true of charles situation?

Back 14

B. since the remedial courses charles must take will not count toward his degree, he needs to take the courses but tuition is not charged.

Front 15

which statement is true regarding college-level expectations for studying and completing projects?

Back 15

B. plan backwards from major deadlines.

Front 16

erin has been in college for 2 years and has decided that the major she has been studying isnt for her. changing her major and/or her college could result in:

Back 16

C. losing credits for classes she has already taken.

Front 17

david plans to apply for college in 2 years. his guidence counsler suggested that he begin adding items to a college/training application folder. which items would not be helpful as additions to this folder?

Back 17

D. copies of his elementary and middle school report cards.

Front 18

as jonah plans for his future, his family has challenged him to create a SMART goal for his career education and training. which question is the least important one to consider at this point?

Back 18

C. can i get the education and training i need near where i currently live?

Front 19

mallory has set a career goal of becoming a veterinarian but does not have the money to complete this goal without taking out very large student loans. she decides to attend a 2-year program in to become a veterinary technician, and then work for 3 years in that field while she saves money for her remaining 2 years of college and veterinary school. mallorys plan is known as a/an:

Back 19

A. career pathway

Front 20

the________________of continuing your education is the money you would have earned if you have worked instead.

Back 20

B. opportunity cost

Front 21

it is recommended that your educational loan payments require no more than 10-15% of your estimated starting income. to calculate this amount, students need to calculate the __________of their education and training.

Back 21

D. debt-to-income ratio

Front 22

sean plans to attend college in 2 years. he and his family have saved some money to help pay for it but he want to explore ways he can receive money he wont need to repay. which set of options below should he explore?

Back 22

C. pell grants, work-study, and scholarships

Front 23

direct subsidized stafford loans offer some features that are different when compared to borrowing money from a bank to pay for college. which of the following is not difference between of a direct subsisidized stafford loan and a typical bank loan?

Back 23

A. interest rates for stafford loans tend to be higher because the loans are held for a relatively long period of time.

Front 24

carsons family has always struggled financially due to his parents leaving high school before graduating and working lower paying jobs to support the family. his parents dont want him to make the same mistake and are encouraging him to apply for scholarships and any type of student aid he might qualify for. which application will determine which typed of need-based aid he will qualify for?

Back 24

D. free application for federal student aid (FAFSA)

Front 25

jaimen is struggling to make his student loan payments after college. he is considering defaulting on the student loan. which is not a potential consequence if he decides to default on the student loan?

Back 25

C. he may not be able to obtain a marriage license.

Front 26

sarah learned in her financial education class that she needs to consider the cost of living when comparing job offers. which statement is most accurate?

Back 26

B. the average cost of basic necessities, such as housing and food in the city where her new job is.

Front 27

the average cost of basic necessities, such as housing and food for a particular city is all the:

Back 27

C. cost of living

Front 28

steven is considering taking a job with a company that is offering gym memberships, flexible hours, repayment of education loans, merchandise discounts, and childcare. these components of the job offer are called:

Back 28

A. employee benefits

Front 29

to be considered for lifelong employment a person must continually maintain their employability. three actions below will help to maintain employability. which one will not?

Back 29

D. seek ways to blend your personal and professional images online to enable current and future employers to see that you have a varied and interesting life both in and outside of work.

Front 30

susan is currently working in kansas city, mo earning $30,000 per year. she is offered a position in indianapolis, IN earning $32,000 per year. if kansas citys cost of living index is 100 and indianapolis cost of living index is 125, which is true?

Back 30

B. susan will have more spending power if she stays in kansas city.

Front 31

robs parents asked him what employee benefits his employer was providing. which would be considered?

Back 31

C. paid sick leave.

Front 32

when rob compared the cost of living index for the city he currently lives in with the city where the other job was located, the index for his city was 106 and the index for the other city was 78. which statement is most likely to be true?

Back 32

B. rob chose his current job for reasons other tahn a lower cost of living.

Front 33

jamie has elected to be paid by direct deposit at her new job. this means_______.

Back 33

B. she will receive her pay directly into her checking account at her depository institution for each pay period.

Front 34

gross income - deductions = _____________

Back 34

C. net income

Front 35

shannon is reviewing her pay stub to determine how much money she earned before her deductions were subtracted. which column should she check to find this amount?

Back 35

D. gross income

Front 36

the most secure method for an employer to pay employees is to use:

Back 36

A. direct deposit

Front 37

hunter has been offered a job by a local mechanic who has offered to pay him in cash rather than by paper paycheck, direct deposit, or payroll card. hunter is excited that the amount of money he will take home each week will be larger since his employer wont be deducting any taxes from it. his employer wants to hire him for the 10 weeks of his summer break and expects to pay him $300 per week. which statement below is most likely to be true?

Back 37

C. hunter will need to pay his federal and state taxes on his own since his employer is not paying these required taxes for him.

Front 38

the regular schedule that employers pay their employees is called the ____________.

Back 38

B. pay period

Front 39

ally learned in her personal finance class that some paycheck deductions are required and others are optional. she is checking over her pay stub and sees several deductions. which of the following would be true?

Back 39

A. federal income tax, state income tax, social security and medicare deductions are all required deductions.

Front 40

what is bob's gross pay on his paycheck?

Back 40

D. $640.00

Front 41

what is bob's net pay on his paycheck?

Back 41

A. $501.66.