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Personal Finance Unit 1 Test Review
Personal Finance Unit 1 Test Review
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Answers
1
Which of the following is a government publication?
Dictionary of Occupational Titles
Monthly Labor Review
Occupational Outlook Handbook
All of the above are government publications
2
Expenses paid by employees and not reimbursed by employers
employee expenses
productivity
employer expenses
job analysis
3
A listing of strong points, weak points and plans for action
Job Analysis
Self-Assessment Inventory
Work Characteristics
College Placement Center
4
A Master's degree in Administration is an example of a(n)
Advanced Degree
Baccaleauate Program
GED Program
Doctorate Program
5
Specialized, intensive post-baccalaureate programs
promotion opportunities
advanced degree
college placement center
entrepreneur
6
The unemployment rate in Kalamazoo is _________ than the national average
higher
approximately equal
lower
exactly the same as
7
Long range planning is not important in entrepreneurship
False
True
8
What is the name of our high school?
Gull Lke
Gul Lake
Gull Lak
Gull Lake
9
Improvements in work methods and equipment that increase productivity
upgrading
retraining
promotion
technology
10
In a worldwide economy, both countries and people depend on each other
False
True
11
According to OOH, which state had the highest unemployment?
Iowa
North Dakota
West Virginia
Michigan
12
Doctors, Lawyers and Accountants are examples of
Hourly Workers
Service
Professionals
Farmers
13
Learning new and different skills in order to remain employable at the same level
Upgrading
Retraining
Benefits
Networking
14
The daily activities at work, such as indoor or outdoor work, or working alone or with people.
job analysis
work characteristics
benefits
promotion opportunities
15
Vocational testing is the task of completing tests in order to find your work interests
True
False
16
Which industry is growing at the quickest rate?
professional
service
farming
non-profit
17
Standard and Poor's guide is used to research a
person
business
rock band
family
18
DOT classifies jobs with a number of how many digits?
8
10
9
7
19
Advancing to a higher level of skill
Promotion
Retraining
College Placement
Upgrading
20
An evaluation of the positive and negative attributes of a given career choice
Upgrading
is a waste of time
Job Analysis
Self-Assessment Inventory
21
The letters DOT stand for
Darn Old Teacher
Dictionary of Occupational Titles
Department of Teaching
Department of Transportation
22
Which of the following schools is most likely to offer technical courses, such as welding
Grand Valley State University
Western Michigan University
Kellogg Community College
Michigan State University
23
In the early 1900's, which of these occupations was the least likely to happen?
Computer Technician
Doctor
Teacher
Farmer
24
What is my legal last name?
Smith
Blakeley
Blakely
Blakley
25
Communication lines established for people to talk to each other and share information
productivity
upgrading
retraining
networks
26
A friend works at a local business and encourages you to apply. This is an example of
networking
slim shady
retraining
upgrading
27
The amount of monthly or annual pay
celery
paycheck
networks
salary
28
What does OOH stand for?
Occupational Outlook Handbook
Over & Out Henry
Occupational Opportunities Handbook
Only Opportunities in Hawaii
29
A source of career counseling available at colleges or technical training institutes
technology
employee expenses
college placement center
networks
30
Employers paid items including sick pay, vacation time, profit-sharing plan & health insurance
friends
benefits
added salary
extras
31
One who organizes, manages and assumes the risks of a business or enterprise
Entrepreneur
Network
Rebel
Upwardly Mobile
32
The amount a worker produces in an hour
Technology
Promotion
Productivity
Salary
33
Most employees will remain in their current occupation for a minimum of 15 years
True
False
34
Entrepreneurship is a high risk, high reward endeavor
True
False
35
The chance to advance, accept responsibility and work your way to a better job in your company
salary
advanced degree
promotion
productivity
36
Employees usually need to be familiar with technology to perform their jobs
False
True