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Fin. Lit. - Unit 2 Review (Careers Unit) Flashcards | StudBud
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Fin. Lit. - Unit 2 Review (Careers Unit)
Fin. Lit. - Unit 2 Review (Careers Unit)
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Careers Review
Flashcards
35 cards
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Questions
35
Answers
1
The first step in career planning is
considering job offers
self assessments
internships
career research
2
A brief written document that details ones experience prepared by an applicant for a job.
application
resume
cover letter
profile
3
Which of the following is NOT considered a fringe benefit?
Bonusues
Health Insurance
Gym Pass
Paycheck
4
What is the purpose of a cover letter?
To detail work experience
To explain all qualifications
To ask questions
To distinguish an applicant
5
Interaction between supply of a resource and the demand for that source affecting job markets.
Labor Market Needs
Job Opening Statistics
Supply and Demand
Labor Resources
6
UESP - a nonprofit college savings plan; tax advantages and very flexible with use of funds.
529 Plan
401K Plan
552 Plan
440 Plan
7
CPI is the
Customer Product Interface
Customer Price Indicator
Consumer Price Index
Consumer Price Industry
8
The name for a unique set of tasks, skills, and abilities that a worker performs.
work position
occupation
management
salaried position
9
Which of the following does not have to be repaid?
Student Loans
Stafford Loans
Educational Loans
Pell Grants
10
What is ROI?
Return on Internal Support
Return on Interest
Return on Investment
Return on Internet
11
Provide some basic information and it will "estimate" your eligibility for federal student aid.
Financial forecast
FAFSA
FAFSA4caster
TEST IT Online
12
Wages, Commissions, Investments, Benefits, Inheritances, Gifts are all examples of
benefits
income
salary
wages
13
Fixed regular payments paid on a monthly or biweekly basis often expressed as an annual sum
work payments
earnings
salary
insurance
14
Which of the following is
NOT
a basic rules to follow for a resume?
make sure there are NO errors
keep it to one page
use personal pronouns
include contact information
15
FAFSA
Free Application for Federal Student Aid
Federal Aid for Student Assistance
Federal Assistance for Student Applicants
Free Application for Family & Student Assistance
16
Money received from various sources; a job, interest on investments, inheritance, funds is
a bonus
a paycheck
income
never needed
17
One of the most overlooked aspects of securing a job is
networking
the handshake
appearance
interviewing
18
Entrepreneurship is
all of the above
potentially rewarding
challenging
risky
19
FICA is
a pension plan
two other answers are correct
Social Security and Medicare
Federal Insurance Contribution Act
20
The greatest expense most people have is
housing
food
taxes
transportation
21
UVU, SUU, U of U, and Snow College are all examples of
Guarded Post-Secondary Institutions
Non-profit Post-Secondary Institutions
Public Post-Secondary Institution
Private Post-Secondary Institutions
22
What types of things are included in the calculation of CPI?
transportation prices
housing prices
food prices
all other answers
23
What is a cost of living index?
A way to rank cities on desirability for living
Number that helps compare various costs in different places
A catalog of pricing and costs
A measure of the wealth of a city
24
Profession or field of employment for which one trains, such as financial services or medicine.
career
job
company position
salaried job
25
How many seconds do most employers take to do an
initial review
of resumes for a job opening?
15 seconds
12 seconds
7 seconds
1 minute
26
Which of the following is not one of the sections include on a resume?
Objective
Experience
Heading
Marital Status
27
How many seconds (on average) does a potential employer look at a resume from a job applicant?
6
10
8
7
28
What is the
net pay
for 25 hours @ $10/hour w/deductions of $15 federal tax and $5 state tax?
$230
$240
$245
$225
29
Which of the following has a powerful affect on your chances of securing a job?
Sending multiple applications
Writing a 2-page resume
Networking
Name-dropping during an interview
30
Which of the following doesn't have to be repaid?
personal loan
unsubsidized loan
subsidized loan
pell grant
31
Which of the following is NOT a PRO of entrepreneurship?
independence
Good income possibility
debt
Employee Selection
32
What are non-wage compensation provided to employees on top of normal wages or salaries?
guaranteed incomes
Promises of guaranteed advancement
benefits
challenging work opportunities
33
Money removed from a person's paycheck to pay a debt (often child support or taxes) is called
grant
garnishment
salary debt
payroll payment
34
Which of the following steps should be first in a career planning process?
Completing a hiring form
Assessing skills and interests
Interview for jobs
Preparing a resume
35
The capacity and willingness to start and manage a business and risk in hopes of making profit.
Entrepreneurship
Management
Business Exploration
Risk and Return
