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