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50 Cards in this Set
- Front
- Back
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Learning new and different skills so you can retain the same level of emplyability is called
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retraining
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What would probably be the best resource for someone who wanted to learn about how to start and run a small business
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Junior Achievement
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The first step in career planning is
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self-analysis
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Your values are shaped by
your family religion news media all the above |
all the above
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In the closing paragraph of an application letter, you should
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ask for an interview
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when completing an emplyment application-
use a red pen to mark your answers avoid the use of abbreviations write as quickly as you can answer only the questions tht put you in a favorable light |
avoid the use of abbreviations
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Which is not a hygiene factor
salary challenging work paid vacation having adequate supplies on hand |
paid vacation
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The ability to differentiate facts from opinion is called -
creative listening critical listening assertive listening activie listening |
critical listening
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An employer must provide a W-2 not later than
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January 31st
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The form that you fill out when you start working for an employer, asking for you name, address,SSN, etc
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W-2
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For employees, the Social Security deduction is withheld at the rate of
6.2 % of all pay earned 1.45 % of all pay earned 1.45 % of the first $102,000 earned 6.2 % of the first $102,00 earned |
62.2 % of the 1st 102,000
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What benefits are emplyers require by law to provide?
workers' compensation paid vacations child care all the above |
workers' comp
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You must file you tax return by this date
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April 15th
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Your filing status on you tax return is based on
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marital status
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Most experts recommend saving what percent of your disposable income each pay period
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10%
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When preparing a budget, you need to focus mostly on your?
net income taxable income gross income disposable income |
net income
Hint Gross is pay before taxes |
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A request that a bank not honor a specific check is called
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stop-payment order
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whan a check is returned to the payee's bank due to insufficient funds, the check is said to have?
floated been postdated bounced been canceled |
bounced
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government student loans:
never need to be paid back do not accrue interest are not available for consolidation usually do not require payments until after graduation |
usually do not require pmts until after graduation
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Interest paid on the original principal plus accumulated interest is called
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compound interest
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According to the Rule of 72, if an investment of 5000 is yielding and average of 6 percent, it will take how many years for that investment to be worth 10000
36 12 6 72 |
72 / 6 = 12
Hint 72 / interest rate = how many years your money will double |
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The price of a share of stock divided by the corporation's earnings over the past 12 months is the
ROI P/E ratio percent yield earning per share |
P/E ratio
price/earnings Hint See question...price / earnings |
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One main distinction between stocks and bonds is that
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a bond's interest does not go up and down like stock dividends
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Which of the following is a sales charge paid when you sell an investment
front end load back end load dividend a capital gain |
back end load
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which of the following is the most risky investment
growth fund growth and income fund income fund money market fund |
growth fund
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One difference between a charge card and a credit card is that
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the full balance on a charge card must be paid each month - american express is an example
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On a FICO score, new credit is rated based on
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the number of recently opened accounts and the number of recent credit inquiries
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What is the first step most people take to establish a good credit records
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open a checking account
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The unpaid portion of a loan is called
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principal
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You will received a payback in the form of points that can be redeemed for merchandise if your credit account has an
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rewards program
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This occurs when creditior file a petition with a court asking the court to declare you bankrupt
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involuntary bankruptcy
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With this type of debt adjustment, a finance company lends you money to pay off your debts and you make a monthly payment to the finance compnay until the debt is repaid
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debt consolidation loan
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Suppose Susan purchased a used car three years ago for $2,500. Today, the car's engine stopped working and cannot be fixed. In this case, the $2500 represents an
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sunk cost
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Which of the following would prbably be classifed as a life-enhancing want?
a wristwatch sandwich basic medical care warm coat |
wristwatch
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Most financial experts advise allotting what percentage of your total budget for housing
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25 to 35 percent
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The monthly charge you pay to live in an apartment is called
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rent
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For purposes of computing property taxes owed against your home, the city or county in which you live sets what kind of value on the property
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assessed
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Jancie ans steve bought a home 5 yeasrs ago for $130,000. Today the home is worth $150,000. Which of the following statements is correct?
The property has appreciated by $20,000 They have $20,000 equity in their home The maket value of the home is $20,000 The appraised value of the home is $20,000 |
Appreciated by $20,000
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Monthly car payments should be no more than what percentage of the money you have left after paying all of your other expenses
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20%
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Which of the following vehicles would most likely have the highest insurance rate?
A fuel-efficient compact car a brand-new sports car a 4-door family sedan a used mini-van |
sports car
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Which government agency provides long-term disability coverage to some workers?
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The Social Security Administration
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Which of the following wedding expenses would most like be paid by the best man?
Bride's ring marriage license cleric or judge's fee bachelor dinne |
bachelor dinner
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George has liability insurance coverage at 100/300/50. How much will George's insurer pay for property damage per accident?
50000 for 1st accident, 00000 for the 2nd 300,000 for 3rd up to 300,000 up to 50,000 up to 100,000 |
up to $50,000
FYI 100 = $100,00 injury per person 300 = $300,00 injury per accident |
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which of the following items would not be covered by most homeowner's insurance policies?
kitchen appliances a car stereo living room furniture all the above would be covered none of the above would be covered |
car stero
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The maximum duration of benefits under most disability policies is until
age 50 age 65 you die age 40 |
age 65 - retirement age for socical security (most people)
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This law allows people who leave employment to continue their health insurance under the company plan for a limited period of time
HIPPA COBRA Medicaid Medicare |
COBRA
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The FDA does all of the following EXCEPT
proved standards/guidelines for poisonous substances requires testing and approval of all new drugs provides food assistance programs(food stamps) establishes labeling guidelines for products |
provides food assistance programs
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Which of the following required product labels to contain accurate names, quantities, and weights?
The Fair Packaging and Labeling Act The Cigarette, Labeling and Advertisting Act The Toy Safety Act The Care Labeling Rule |
The Fair Packaging and Labeling Act
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The person against who a lawsiut is filed is called the
Plaintiff defendant complainant victim |
defendant
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Which government agency would a consumer contact for assistance with a complaint involving warranties?
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Federal Trade Commission FTD
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