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Review for Final Exam
Review for Final Exam
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1
Sam is 65 years old and looking for a job. Companies won’t hire him because he is too old. What law is being broken?
EOE
Americans with Disabilities Act
Age Discrimination Act
FMLA
2
The boss or company who pays and employs workers is called:
employer
employee
3
Minimum wage is the _______.
gross pay
taxes you give the goverenment
none of these
the least you can be paid by law
4
Interest is the _______.
money you earn from a job
gifts from relatives
Money you earn from a savings account
5
Starting and owning a business is called _______.
service
fun
retail
entrepreneurship
6
Profit is money made after the bills are paid.
True
False
7
Expenses that are the same each month are called:
fixed expenses
variable expenses
periodic expenses
8
What 2 things should you do at the end of a job interview?
smile and leave
shake hands and say thank you
say thank you and leave
shake hands and leave
9
Money made after expenses are paid is called what?
profit
extra
:)
cash
10
What does the word INTERVIEW mean?
your first job
a talk with an employer
interview
job application skills
11
Work that you have done before is called:
talent
experience
job
12
Vacations and eating out are examples of:
fixed expense
net pay
gross pay
variable expense
13
How many hours a week can a 14 yr old you work while school is in session?
17
16
18
21
14
What score can reflect your credit worthiness?
The Islanders score
Math test score
Credit score
career assessment score
15
Which question is not allowed to be asked on a job application?
nationality
references
education
previous experience
16
Your dog goes to the vet, The vet bill gets deducted from your
checking
account. Which card did you use?
debit card
credit card
17
What documents are needed for a teenager applying for a job?
photo ID
social security card
all of these
working papers
18
Extra benefits that a company may offer in addition to your salary include
all of the above
health insurance
vacation days
bonuses
19
All of the following are fixed expenses except :
concert tickets
car payment
car insurance
rent
20
A job advertisement will usually include the following information :
title of job
experience required/ needed
all of these
skills required/needed
21
When accepting a job, you sign a contract that states the money you'll earn for the year plus benefits, you're earning:
hourly wage
commission
a salary
part time
22
Researching a company before an interview helps you :
show you are a hard worker
ask intelligent questions
all of these
makes a good impression
23
The least amount of money you need to pay on a credit card bill is the _______.
minimum payment
net pay
gross pay
interest
24
Working fewer than 40 hours per week means you are working:
disability
part time
full time
over time
25
Roberta worked 10 hours. She gets paid $15.00 an hour. What is her gross pay?
$150
$125
$120
$155
26
A receipt is a proof of purchase.
True
False
27
What is an advantage of buying with credit cards?
all of the above
points/perks/rewards
buy now, pay later
28
What taxes would you pay if you worked on the books?
all of these
Federal
State
FICA
29
Which expense can change from month to month?
fixed expenses
variable expenses
30
The law that prevents people from
NOT
hiring someone because they are “too old” is:
The Age Discrimination Act
EOE
Americans with Disabilities Act
31
What president was responsible for the Social Security Act and the FDIC?
Trump
FDR
Obama
Clinton
32
Who is a good person to use as a reference?
guidance counselor
Teacher
coach
all of these
33
EOE is the abbreviation for Equal Opportunity Employer.
False
True
34
Punctual means being on time.
False
True
35
Which statement is false?
Some careers require more education.
People can change their careers during their lifetime.
Benefits are not important when choosing a job.
Volunteering can help you determine if you like the career area.
36
How can you make a good impression during a job interview?
arrive on time
all of these
wear appropriate clothing
speak clearly
37
What is the name of the pay you get BEFORE taxes are deducted?
net pay
paycheck
gross pay
38
After taxes have been removed from your paycheck, the amount of income earned is called:
gross pay
net pay
39
What type of information is found on a paystub?
all ofthe above
YTD taxes
current taxes paid
Gross pay
40
Things that are necessary for survival are called your
needs
goals
wants
values
41
When filling out a job application you should :
use pencil
answer as much information as you can
none of these
write sloppy
42
The best way to manage your money is to _______.
create a budget
borrow money from friends
spend it!
put it all in the bank
43
Which Act would best protect women's rights?
ALL OF THESE
EOE
FMLA
The Equal Pay Act
44
What will you most likely be asked during a job interview?
Are you married?
Do you have any disabillities?
What is your nationality?
Tell me about yourself...
45
Expenses that are the SAME each month are called
FIXED expenses
VARIABLE expenses
none of these
PERIODIC expenses
46
Which of the following are places where you could look for job opportunity listings?
job websites
help wanted signs
all of these
newspapers
47
Paid sick leave, vacations and insurance are examples of :
401 K
GIFTS
NONE OF THESE
BENEFITS
48
Overuse of a credit card can cause ___
bad credit
debt
all of these
buying more than you expected
49
The opportunity to borrow money with the promise to pay it back later is ______
debit
credit
withdrawal
savings
50
Telling family members and friends that you are looking for a job is called _______
gossiping
employment
arguing
networking