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Consumer - Budgeting and Careers Flashcards | StudBud
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Consumer - Budgeting and Careers
Consumer - Budgeting and Careers
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Answers
1
Curriculum Vitae
is Latin for...
Life's Vitals
School Work
Life's Work
School's Vitals
2
This is a "fee" for borrowing money
Net Worth
Equity
Asset
Interest
3
Which type of employee's income is not set in stone? They are paid based on performance:
Hourly
None of the Above
Commission
Salary
4
What is the name of the letter that usually accompanies a resume?
Letter of Introduction
Cover Letter
C.V.
Business Letter
5
What color is this?
Red
Blue
Green
Yellow
6
What are "payment terms?"
All of the above
length of loan
amount borrowed
interest rate
7
Which of the following is
NOT TYPICALLY
on a resume?
Special Interest/ Hobbies
Social Security Number
Education History
Name, Address & Phone Number
8
This word means ownership in a company:
Asset
Liability
Equity
Net Worth
9
"minimum wage"
is....
the same in every state
the lowest wage permitted by law
first wage you get at a job
$2.15 per hour in Illinois
10
What does this word say?
None of the above
False
All of the above
True
11
This is a statement of what you own and what you owe:
Balance Sheet
Budget
Financial Plan
Income Statement
12
This is something you own
Net Worth
Debt
Liability
Asset
13
Random Question:
What is the mascot of Notre Dame High School
Warriors
Bulls
Dons
Wolves
14
What is minimum wage in Illinois?
$7.25 / hour
$9.25 / hour
$8.15 / hour
$8.25 / hour
15
What does
"liquidity"
refer to?
Investing in a stock
Ability to get a loan
Ability to convert an asset to cash
How much water is in the ocean
16
Net Worth =
Assets + Liabilities
Liabilities + Assets
Assets - Liabilities
Liabilities - Assets
17
This is a risk, the potential to owe money.
Interest Rate
Asset
Liability
Equity
18
Random Trivia:
What high school did Mr. Mersch attend?
Notre Dame
Loyola
Niles West
New Trier
19
To "finance" something means to
invest
get your finance on
take a loan to buy something
pay back a loan
20
Which type of worker typically gets paid
overtime?
None of the above
Hourly
Salaried
Commision
21
C.V.
is another name for a resume.
"C.V."
stands for....
Curriculum Vitae
Creative Vitality
Common Vacancy
College Vitals
