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Final Exam Quiz
Final Exam Quiz
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Questions
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Answers
1
Do not make unnecessary derogatory remarks about your present and former employers.
True
False
2
A checking account is a very common type of account that offers safety and convenience.
True
False
3
This is a financial statement individuals can use to assist with money management.
expense
spending plan
income
value
4
Resumes are used to _________ applicants, often followed by an interview, when seeking employment.
none of the following
screen
solicit
recruit
5
In comparison shopping, little consideration of the product occurs.
True
False
6
Look the prospective employer in the ______________ while speaking.
nose
mouth
ear
eye
7
___________ is calculated by multiplying the number of hours worked by the hourly wage.
overtime
payroll withholdings
gross income
net income
8
A ____________ is trained professional that helps make investing decisions
Investment
Stock Exchange
Financial Advisor
Personal Trainer
9
To open a checking account, an individual must complete a Signature Authorization Card and make an initial deposit.
False
True
10
A high credit score allows you to ________________.
get higher interest rates on loans and credit cards
buy more items online
get lower interest rates on loans and credit cards
get higher interest rates on savings accounts
11
Not paying your credit card bill responsibly will ___________ your credit score.
Improve
Have no effect
Raise
Lower
12
T-shirts, shorts or tennis shoes should not be worn on Business Dress days.
False
True
13
A __________ is the person who owns the policy.
Claim
Policy Holder
Risk
Premium
14
Social Security and Medicare are the two tax forms represented within ___________.
State Tax
IRA
FICA
Local Tax
15
The complete written version of your credit is called a credit score.
True
False
16
__________ means being true and honest to oneself and others
integrity
communication
enthusiasm
likable
17
___________ is chance of loss from an event that cannot be entirely controlled.
Coverage
Insurance
Emergency Savings
Risk
18
A ____________ is money paid to purchase the policy.
Claim
Premium
Co-Insurance
Deductible
19
A contract that specifies what risks are covered and how much will be paid for the losses.
Emergency Savings
Premium
Insurance Policy
Coverage
20
Consumers should check each of their three credit reports at least once per year.
True
False
21
___________ is charged when a cardholder does not make the minimum payment by the due date.
Over the limit fee
Late payment fee
Penalty APR
Minimum payment
22
A beneficiary is someone who receives money if an insured person dies.
False
True
23
Greet the interviewer by _______ name if you are sure of the pronunciation.
first
nickname
middle
last
24
Investing is more liquid than saving.
False
True
25
Paying the minimum payment on a credit card every month will:
Make the final amount paid significantly higher than the initial charge.
allow the cardholder to avoid paying any interest charges
Pay a large percentage of the total balance owed every month.
Help the cardholder create a plan for paying off a credit card
26
During a job interview, you should wait until you are offered a chair before sitting.
False
True
27
Using a credit card to purchase an item that you cannot afford is ___________.
fine as long as you do not go over the credit limit.
a responsible use of a credit card
fine as long as you can pay the minimum monthly balance
a poor way to mange your money
28
Edward wants to develop a positive credit history. How should he do this?
Pay cash for the majority of purchases
Maintain reasonable amounts of available credit
Open credit accounts in his parents' names
Have one type of credit account
29
__________ is when goods, services, or money is received in exchange for a promise to pay a definite sum of money later.
Credit
Interest
APR
Loan
30
Impulse buying is planned buying
False
True
31
Excel is a presentation software.
False
True
32
An individual you choose to list as reference on a job application should _____________.
be familiar with your skills and abilities
be someone you just met
speak negatively about your work performance
be your mom
33
Group Interviews are known as _____________.
Panel Interviews
Behavioral Interviews
Party Interviews
Lunch and Dinner Interviews
34
Sue sent in a resume to ABC Financial, and was asked to come in for an interview. How should she prepare?
Sue should do all of these things
Practice answering common interview questions.
Research and learn about ABC Financial
Practice making eye contact and work on her handshake
35
How often does Taylor get paid?
Weekly
Annually
Monthly
Bi-weekly
36
Make sure that you have requested permission to use a person as a reference.
True
False
37
Which document determines the amount of gross income that will be withheld for taxes?
W-2
I-9
W-4
W-9
38
Communication skills are one of the top qualities employers look for in modern-day hires.
False
True
39
Do not inquire about salary, vacations, bonuses, and retirement on the ___________ interview.
exit
initial
second
third
40
Personal meeting with a prospective employer that assesses the qualifications of an applicant for employment for a job.
Ceremony
Luncheon
Recital
Job Interview
41
How long will a late or missed payment remain on your credit report?
Ten Years
Never on a credit report
Seven Years
Two Years
42
Something unnecessary but desired or an item which increases the quality of life.
need
value
budget
want
43
Most checking accounts pay interest
False
True
44
When filling out job applications, it is important to fill in every blank space which appears on the application.
False
True
45
Which form provides how much money was earned and paid in taxes throughout the previous year.
W-4
W-10
W-2
I-9
46
A plastic card that is electronically connected to a depository institution account that holds cardholders money.
Credit Card
Green Card
Debit Card
CD
47
___ is the amount of money left after all deductions have been taken from your income earned in a pay period
gross income
net income
expense
taxes
48
A ____________ should always accompany your resume.
cover letter
reference
contact
thank you card
49
Keeping track of all charges by keeping receipts is a responsible way to use a credit card.
False
True
50
Which part of a cover letter is considered the salutation?
sender's address
May 21, 2016
sincerely
Dear Mr. Smith
51
________ provide an organized service to buy and sell stocks, bonds, and other investments that are traded.
Saving
Stock Exchange
Investments
Mutual Funds
52
_____________ dress socks must be worn with professional dress shoes
Bright
White
Green
Dark
53
A person or organization who makes funds available to borrow.
credit
credit history
tax lien
lender
54
Based on Taylor's paystub, what is Taylor's current total deductions for this pay period?
$66.43
$132.86
$365.00
$298.57
55
Job applications should always be signed and dated.
False
True
56
Tie may be tied so that the bottom of the tie covers the ___________.
knees
belt buckle
neck
shoes
57
The current amount owed ion a credit card is included in a credit card statement.
False
True
58
Men should wear a __________, conservative, professional tie for professional dress.
loud
long
short
medium
59
Which is not included on a resume?
your skills and abilities
your date of birth
your GPA
your contact information
60
The maximum amount of money that can be charged on a credit card.
Late Payment Fee
Credit Limit
Interest
APR
61
A plastic card that holds pre-approved credit which can be used for the purchase of new items now and payment later.
Debit Card
Green Card
Credit Card
Passport
62
Examining credit card offers and completing applications are two steps involved with getting a credit card.
True
False
63
Shows the employee in question is passionate about the tasks he or she is performing for the organization.
Organization
Communication
Likable
Enthusiasm
64
Based on Taylor's pay stub, what is Taylor's gross pay for this pay period?
$730.00
$132.86
$298.57
$365.00
65
When goods, services, or money is received in exchange for a promise to pay back a definite sum of money in the future.
Credit History
Lender
Credit
Open-end Credit
66
____________ is the smallest amount of a credit card balance that must be paid every month.
Minimum Payment
Interest
Late Payment Fee
Credit
67
A loan of a certain amount of money that a borrower must repay in a specified number of equal payments.
Tax Lien
Closed-end Credit
Credit Report
Open-ended Credit
68
The length of time for which an employee's wages are calculated
pay period
bi-weekly
direct deposit
payroll card
69
A dress should be to the ________. No shorter.
Thigh
Knee
Ankle
Calf
70
Using a PIN (Personal Identification Number) is optional when using a debit card.
False
True
71
Likability is the ability to cooperate and collaborate seamlessly with others.
False
True
72
A tenant writes a check to his landlord for $560, but only has $400 in his checking account. What will happen?
The tenant will save $160 on his rent that month
The bank will owe Michael's landlord $160
Nothing
The check will bounce, or fail to process
73
APR is the interest rate charged on a credit card account each month.
False
True