Which of the following financial institutions typically have the highest fees?

Check cashing and payday loan companies

have a vision and plan for their future

Examples of Sundries include

dish soap, tooth paste, toilet paper

Which statement is true of community college?

You can transfer to a 4-year college after 2 years of study

All of the following are true about a 4 year University or College EXCEPT

You can earn an associates degree or a masters degree

Some sacrifices of a firefighter's career might be...

all of these answers are correct

Which of the following is not a benefit of using a budget?

A budget can help you purchase anything you want

Name the four costs that are included in a transportation budget.

Car payment, insurance, maintenance, & gasoline

When you start a new job, you fill out a W-4 form to _________.

to determine how much tax your employer should withhold from your paychecks

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College and Career Foundations Final Exam Review Semester 1

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Review for the FT Final Exam

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Questions 25

Answers

1
Which of the following financial institutions typically have the highest fees?
Credit Unions
Internet banks
Check cashing and payday loan companies
2
Which of the folowing should you consider when setting a budget
All are correct
Financial Goals
Needs and Wants
Savings
3
A gap year can be
all of these answers
a way to get life experience
expensive
unstructured and possibly a waste of time
4
Successful people
Are lucky
Don't have visions for their futures
Don't make plans for their future
have a vision and plan for their future
5
The typical time spent in one's career is
35 years
30 years
44 Years
40 Years
6
Examples of Sundries include
fruit, vegetables, and meat
Entertainment and Recreation
dish soap, tooth paste, toilet paper
clothing and shoes
7
Which of the following is NOT a possible tax or deduction that could be withdrawn from your paycheck?
Overtime pay
Contributions to Retirement
Federal Income tax
State Income tax
8
This is a standardized test used for some college admissions
GPA
GED
A-G
SAT
9
Which of the following is a true statement
VISION + LUCK = SUCCESS
VISION + ENERGY = SUCCESS
Success is defined by money
Success is defined by status
10
This is your field of study in College
A-G requirements
Graduate
Undergraduate
Major
11
Which statement is true of community college?
Community college is difficult to get accepted into.
You can transfer to a 4-year college after 2 years of study
12
All of the following are true about a 4 year University or College EXCEPT
It can be expensive
You can earn a bachelors degree, masters degree or doctorate degree
You can earn an associates degree or a masters degree
You must meet your A-G requirements to be accepted
13
Some sacrifices of a firefighter's career might be...
all of these answers are correct
working an 8am-5pm job
safety
time with family
14
A Bachelor's Degree
Is typically earned in 4 years
Is not required for most professional jobs.
Typically takes 2 years of full time study.
Can be earned at a community college.
15
Which of the following is true about entrepreneurship?
It's cheap to start a business
You have to work 8am-5pm
It is NOT a financial risk
You are the boss
16
This is a method of computing a numerical value for letter grades, used for college
GPA
A-G
GED
SAT
17
Which of the following is not a benefit of using a budget?
A budget can help you purchase anything you want
A budget can help you decide the importance of your expenses
A budget can help you keep track of your money.
A budget can help you make plans to reach your financial goals
18
The most expensive cost in one's budget is usually
Transportation
Entertainment
Miscellaneous
Housing
19
True or false: When serving in the military you can recieve job training and education
FALSE
TRUE
20
Debt is...
Both B and C are correct
A. A card linked to your bank account
C. A consequence of paying the only the minimum on a credit card
B. Owing money
21
What is one of the best ways to get reliable information about a product?
Look at the advertisement
Search online reviews
Ask someone who has never used the product
Follow a Social media influencer promoting the product
22
TRUE OR FALSE: The higher the education, the less money you are likely to earn
TRUE
FALSE
23
Name the four costs that are included in a transportation budget.
Car payment, insurance, maintenance, & gasoline
Car payment, gasoline, oil changes, & tires
24
When you start a new job, you fill out a W-4 form to _________.
avoid paying income taxes on your paychecks
to determine how much tax your employer should withhold from your paychecks
25
What is the correct order of achievement?
B. High School Diploma, Masters Degree, Associates Degree
C. High School Diploma, Associates , Bachelor's, Masters Degree
A. High School Diploma, Bachelor's Degree, Masters Degree
D. Both b and c are correct

College and Career Foundations Final Exam Review Semester 1 Flashcards | StudBud