Personal Financial Literacy Chapter 1

Employers are more likely to give raises and bonuses in which part of the business cycle?

Today’s most popular careers often require a bachelor’s degree or more.

Once you are hired for a job, the skills and education needed for that job do not change.

Skill set includes both soft skills, such as driving a car & hard skills, such as leadership.

Considering the economy is not important as you make decisions that will affect your income.

Informal education may involve on-the-job training and learning skills as you are working

When the economy is slowing down,

Specific tasks you can do, such as prepare a spreadsheet or operate a machine, are known as

Which of the following is not true about resumes?

A loan given to a student where interest is charged from the time the loan was made.

Things that you want to accomplish

The beliefs and principles you consider important, correct and desirable

An economist is a person who studies the economy.

Which of the following is an example of formal education?

The expense of instruction at a school is called

The quantity of goods and services that producers are willing and able to provide is called

The job market is ever changing to meet the needs of employers with job openings.

The point in the business cycle where the economy is as robust as it can get is called the

A gift of money or other aid awarded to a student to help pay for education.

The amount of goods and services available for sale

The Occupational Outlook Handbook

Which of the following tests is often required for admission to a college?

When the economy is growing, people are buying goods and services and jobs are being created.

The amount of goods and services people are willing to buy

Which of the following job assistance services is free of charge?

A master’s degree program

Which of the following is not a good job interview tip?

The business cycle is the alternating periods of growth and decline in the economy.

To pay for education, students who do not qualify for financial aid may choose to

A principle that reflects the worth you place on an idea or action is known as a(n)

A plan to complete a college education is an example of a(n)

A loan given to a student on which interest is not charged until after you graduate.

A summary of your work experience, education, skills, & interests that qualify you for a job.

Which of the following career fields would require the least amount of formal education?

Money paid for the use of borrowed money is called

A course of study at a career or technical school