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Financial Literacy - Unit 2 - Education & Careers Flashcards | StudBud
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Financial Literacy - Unit 2 - Education & Careers
Financial Literacy - Unit 2 - Education & Careers
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Unit 2 - Careers and Education
Flashcards
40 cards
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Practice quiz
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Questions
40
Answers
1
A person who creates a business from need to provide a service or product
Opportunist
Career
Entrepreneur
Employee
2
Employee benefits typically cost an employer what percentage of your pay?
Employers don't pay for employee benefits
20-50%
10-17%
1 - 5%
3
On average, a person with a bachelor's degree will earn how much more than a person with a high school diploma?
$30,000
IDK - the dumbest answer ever
$20,000
$10,000
4
In some cities the percentage of jail/prison inmantes that were high school dropouts is...
25-30%
70-75%
55-60%
35-40%
5
A lifetime profession/occupation that you believe in and that provides an income as well
Employee
Entrepreneur
Job
Career
6
Which race has the highest high school graduation rates?
Blacks
Hispanics
Asians
Whites
7
What is the leading indicator of how much money people will make?
Amount of education/skills they have.
If they are lazy or not.
Who they know.
Family inheritance
8
Which race has the least amount of education and makes the least amount of money on average?
Asians
Hispanics
Blacks
Whites
9
Employers reward employees with more income for all of the following reasons except:
showing up for work (not UPS)
high productivity
great attitude
high quality
10
Which race makes the most money on average?
Hispanics
Asians
Blacks
Whites
11
What does "credit hours" mean?
How many total classes you'll take before graduation.
The amount of home work you do each week.
The actual number of hours you spend in class each week.
How many books you'll need that semester.
12
If someone makes $80,000 a year, how much do they make an hour?
$23.94
$38.46
$75.25
$45.33
13
Which of the following is NOT a job benefit.
Paid Vacation
Health Insurance
Free House
College Reimbursement
14
Your earning potential will be greatly influenced by your education, training, and experience
True
False
Maybe
Sure
15
Which of the following is the least expensive type of college?
State resident
Community college
State nonresident
Private (BYU)
16
Which of the following is
not
a primary career factor?
experience
personal needs
who you know
education
17
Which race has the highest percentage of Bachelor's Degrees?
Asians
Whites
Blacks
Hispanics
18
Which of the following would be considered a career
Saver's cashier
Deseret News deliverer
McDonalds
Computer programmer
19
How many credit hours does a student have to take to be considered a full time?
12 hours
10 hours
18 hours
15 hours
20
When comparing two job offers in two different cities, it's important to consider what?
transportation costs
cost of living of both cities
all of the above
salary/benefits
21
The following are characteristics of an entrepreneur except:
good hand-eye coordination
independent
risk taker
hard worker
22
Which of the following is not a career attitude?
positive experience
commitment
look for opportunities to advance
focus only on pay
23
What is the average cost for a college book?
$45
$100
$75
$60
24
About how many years does it take to make up the cost of college while working your career?
10-12 years
5 -7 years
3-5 years
1 - 2 years
25
Employee makes good use of time, money and materials demonstrates information management skills
What are we doing????
True
Maybe
False
26
Which political party is always trying to raise minimum wage?
Democrats
Conservatives
Republicans
Libertarians
27
If someone makes $16.73 an hour how much do they make in a week? (40 hours)
$669.20
$1020.66
$877.49
$582.26
28
One of the leading causes of divorce is?
Infidelity
Children
Finances/Money
Incompatibility
29
What are some unintended consequences of raising minimum wage?
Red and Blue are both correct
Businesses lower the number of hours they allow employees to work
The price of goods goes up.
All minimum wage workers are better off financially.
30
Your level of formal knowledge and training
Job
Career
Smartness
Education
31
Which race spends the most time doing homework?
Hispanics
Asians
Blacks
Whites
32
An entrepreneur does not have to deal with other people
Maybe
IDK
True
False
33
Relatively short-term work that pays the bills for now
Education
Employee benefits
Career
Job
34
Employers look for employees who have the following
ability to learn and speak clearly
problem solver and creative thinking skills
All of the above
ability to work with others
35
The amount of money it takes to purchase typical living expenses in a particular city
Gross Pay
Cost of Living
Cash Money
Job benefits
36
Which of the following is
not
a job benefit?
Company Vehicle
UTA bus pass
Dental Insurance
Gym facility/membership
37
What percentage of Asians have Bachelor's degrees?
20%
40%
30%
50%
38
What is also a consequence of raising minimum wage?
Businesses have to close.
Businesses raise their prices.
Red and Yellow are both correct.
Businesses lower their prices.
39
One of the single greatest assets an individual has is earning power?
Maybe
True
Sometimes
False
40
Additional programs like health insurance and retirement plans offered by employers
Employer benefits
Cost of Living
Employee benefits
Gross pay
