What is the purpose of a resume?

It's a self advertisement which shows skills and experience

Netiquette refers to the...

Acceptable way of communicating on the internet

What is a corporation?

Business owned by stockholders who buy shares in the company

What is the difference between a job and a career?

Job=particular task, Career=life's work

Gross income is the...

total amount of money earned before payroll deductions

Who is considered to be the maker of a check?

The person who writes the check

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CFM Review

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Career and Financial Management

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Questions 30

Answers

1
________ skills can be used in many types of careers.
Translucent
Transferable
Transmittable
Non-transferable
2
What does CFM stand for?
Certified Facilities Manager
Cubic Feet per Minute
Career and Financial Management
Certified Financial Management
3
What is an example of a variable expense?
Mortgage
Material goods
Utilities
Insurance
4
What happens when supply exceeds consumer demands?
Prices go up
Prices stay the same
Prices go down
Dispose of the extra product
5
SKillsUSA is an example of a __________, as it pertain to your career?
Community service project
Social club
School based initiative
Professional organization
6
Which skill is NOT desirable for employment?
Honesty
Positive attitude
Punctuality
Lateness
7
What is overtime?
Working over 30 hours in a week
Working over 40 hours in a week
Working more than 7 hours in a day
Working longer than your scheduled shift
8
What is flextime?
Lunch break
When an employee is laid off
Vacation time
Where employees can work any 8 hours between 7am and 7pm
9
All of the following financial products will help you build credit history EXCEPT:
Credit card
Debit card
Secured credit card
Home mortgage
10
True or False: Paying cash is usually more expensive than taking out loans.
False
True
11
What term is used when people hold the same position but work different hours?
Job switching
Job sharing
Job flipping
Job swapping
12
What is an example of a fixed expense?
Rent
Food
Entertainment
Clothing
13
What is the purpose of a resume?
It's a self advertisement which shows skills and experience
It takes the place of an interview
It says it's mandatory in the handbook
It's the only way to get a job
14
Which would be considered a need?
Weekly manicures
Having a pet
Emotional support
Mercedes Benz
15
Jude's law states that an employer must hire without regard to...
All of the above
color
age
race
16
Economic resources or factors of production include...
capital
All of the above
labor
land
17
Netiquette refers to the...
Acceptable way of communicating on the internet
Kind of manners required for an interview
French way of conducting a job search
Networking skills of older job seekers
18
What is a corporation?
A business completely owned by one person
A person who starts a business from scratch
Business owned by stockholders who buy shares in the company
Business owned by two or more people
19
Some examples of fringe benefits are...
dental insurance
paid vacations
All of the above
sick pay
20
A ________ is a plan for spending.
expenses
budget
bill
income
21
Compound interest is the
Any form of interest earned from saving/investing
The effect interest has on the total return on investment
Earning interest on interest
Interest earned on the principal investment
22
An ________ create his/her own business.
sole proprietor
business man
entrepreneur
sole trader
23
True or False: There is no limit to how much you can withdraw from the ATM machine.
False
True
24
Which tax form tells you your year end earnings?
W-4
I-9
1040
W-2
25
When filling out a job application, it's important to
Use black or blue ink
Leave no blanks
All of the above
Attach your resume
26
What is the difference between a job and a career?
Job=particular task, Career=life's work
There is no difference
Job=paid to do, Career=related jobs
Job=unpaid, Career=paid
27
Gross income is the...
total amount of money taken out in taxes
total amount of money earned at the end of the year
total amount of money earned after payroll deductions
total amount of money earned before payroll deductions
28
A business completely owned by one person is a...
sole proprietorship
corporation
entreprenuer
partnership
29
Personal phone calls during the workday are acceptable...
never
only in case of emergencies
always
phone calls aren't acceptable but texting is
30
Who is considered to be the maker of a check?
The person who writes the check
None of the above
The person the check is made payable to
The bank that prints the check

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