stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Financial Literacy Chapter 1 Flashcards | StudBud
Explore
/
Financial Literacy Chapter 1
Financial Literacy Chapter 1
20 terms
·
StudBud Administration
·
294 plays
Imported from external platform
Flashcards
20 cards
F
Practice quiz
P
Host live
L
Questions
20
Answers
1
"You must put money in before you can take it out" is the most important financial lesson.
false
true
2
What do you not need to include on the Personal Information section of a job application?
current address
full name
telephone number
eye color
3
Use keywords to tailor your resume to an online job listing.
false
true
4
You can find out how to apply for jobs at companies by using ______.
online job sites
O*NET
government websites
online corporate career centers
5
Electronic Resume Banks must have a privacy policy.
true
false
6
What is not an effective step in choosing a career?
determine how your values fit with various careers
imagine the type of hose you'd like to live in
investigate which skills re needed for certain careers
accept first high-paying job you are offered
7
A(n) __________ is unearned income that is provided by someone who has died.
investment
royalty
inheritance
tip
8
Royalties are taxes that are withheld from a worker's pay.
False
True
9
If you are under 15, you will need a SS Card so employers will know how old you are.
true
false
10
What is not a source of income for people in the US?
government payments
income from jobs
government loans
investment earnings
11
What document do you need when you are hired for a job?
SS Card
Form 1040
school ID
birth certificate
12
Taking a friend along on an interview is considered ___________.
professional
unprofessional
fun
a good idea
13
How is a commission figured for someone who sells cars and doesn't earn a salary?
% of total dollar amount sold + wages
% of total dollar amt. person sold + salary
% of total # of cars sold during the pay period
% of total dollar amount sold during pay period
14
What is the least effective way to look for a job?
job portal site
networking
professional organization
newspaper ads
15
By writing a plan of action, you can track the progress you make toward your career goals.
true
false
16
What must you have enough $ to do before you can invest?
pay for food, housing and other essentials
cover after-tax profits on earnings
earn a financial return
pay for your retirement
17
If you are paid wages, the more hours you work, the bigger your paycheck will be.
False
True
18
Being late for a job interview is the worst mistake an applicant can make.
true
false
19
People invest their money by purchasing corporate stocks that they hope will increase in value.
false
true
20
Personal Data Sheets include information for your reference to help fill out applications.
true
false