What is overtime pay?

Extra pay for working more than 40 hours a week

What is the first step to start a business in Maryland?

Pick a business name and structure

What is an emergency fund for?

Unexpected costs like car repairs

What is confirmation bias?

Only listening to what supports your beliefs

What should you include on a resume?

Education, skills, and work experience

What is one way teens can start saving money?

Save part of every paycheck or allowance

What is a personal credit score use for?

How well you manage borrowed money

What is FAFSA used for?

Getting scholarships and financial aid for college

What does life insurance do?

Pays your family if you pass away

Why is business credit important?

To help a business get loans or credit

What is Rocket Money?

A budgeting and money tracking app

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Financial Management Quiz

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Questions 16

Answers

1
What is overtime pay?
Extra pay for working more than 40 hours a week
Pay for working weekends
Double your paycheck
Holiday bonus
2
What is the first step to start a business in Maryland?
Get a credit card
File for bankruptcy
Pick a business name and structure
Hire 10 employees
3
What is an emergency fund for?
Vacations
Buying clothes
Starting a business
Unexpected costs like car repairs
4
What is confirmation bias?
Only believing things that go against your opinion
Looking at all points of view
Only listening to what supports your beliefs
Ignoring facts
5
What’s the benefit of a high-yield savings account?
It gives cash back
It charges fewer fees
It includes a debit card
It earns more interest
6
What should you include on a resume?
Your full medical history
Education, skills, and work experience
How much money you want
Your favorite movies
7
What is one way to build good personal credit?
Avoid using credit cards completely
Borrow as much as you can
Always pay bills on time
Only use cash
8
What is one way teens can start saving money?
Borrow from parents often
Spend everything they earn
Save part of every paycheck or allowance
Avoid opening any accounts
9
What is a personal credit score use for?
How fast you can type
How well you manage borrowed money
How much money you make
Your school grades
10
If you earn $10/hour, how much is your overtime rate?
$20/hour
$12/hour
$13/hour
$15/hour
11
What is FAFSA used for?
Finding jobs
Picking your major
Getting scholarships and financial aid for college
Choosing a roommate
12
What’s the best time to start a 401(k)?
As early as possible
After age 40
When you retire
When you get your second job
13
What field is part of the tech industry?
Cybersecurity
Real estate
Nursing
Teaching history
14
What does life insurance do?
Gives you a raise at work
Pays for your health checkups
Pays for car repairs
Pays your family if you pass away
15
Why is business credit important?
To increase product prices
To help a business get loans or credit
To play the stock market
To apply for school loans
16
What is Rocket Money?
A savings account
A loan company
A game app
A budgeting and money tracking app

Financial Management Quiz Flashcards | StudBud