Personal Finance Unit 3

Miranda is working to develop a broad base of transferable skills. This means that she _______.

• Needs to maintain at least a part time job during the school year.

• Should use her available hours outside of school for paid employment rather than volunteering.

• Will not have as much time to develop her human capital.

• Will have set of versatile skills that she can apply to many personal and professional roles.

Which statement is not true?

• Most people have several careers throughout their lifetime.

• Jobs are paid positions.

• People can develop human capital in a variety of ways.

• Transferable skills can be applied to many personal and professional roles.

Jose has been challenged by his academic adviser to develop some human capital this school year. Which activity would be the least effective way to reach this goal.

• Spend additional time playing video games to further develop his eye-hand coordination.

• Volunteer to pick up trash along the roadsides.

• Attend a workshop on a topic he has little knowledge of.

• Ask his employer if there any new tasks at work that me might be assigned.

One's lifestyle is to their standard of living as present is to:

• Past

• Recent

• Future

• Gift

Eric is writing a paper on the importance of investing in yourself and he is looking for a sentence to use as the thesis statement for his paper. Which sentence below would be the best choice?

• Completing your college degree is the best way to prepare for a career.

• Education pays in higher earnings and lower unemployment rates.

• Human capital and transferable skills result from formal training.

• Investing in yourself too early can lead to a lower standard of living.

An example of a transferable skill is a skill _________.

• Used in your job that you can acquired through pas jobs, volunteering, hobbies, school sports or other life experience.

• That each employer requires you to learn.

• That can only be used in an individual's job or career.

• That is learned at one job and is required at other jobs as well.

Lora is a high school computer and technology teacher. She enrolls in a computer class at least twice per year to stay current on recent technology changes and updates. By continuing her education, Lora is investing in her __________.

• Salary

• Human Capital

• Family

• Interest Inventory

Individuals with more formal educational training usually have ___________.

• Higher estimated lifetime earnings.

• Lower personal satisfaction.

• Greater amounts of leisure time.

• More comfortable work environments.

In order to make an informed career decision, a high school student will want to:

• Commit to a profession that requires a college degree.

• Choose a career that offers the amount of money desired.

• Develop personal goals, complete a career assessment, and research the careers.

• Choose a training program that will guarantee employment after the course work is completed.

Career assessments help to identify _____________.

• The job of an individual should have if she/he wants high well-being.

• Positions available in a particular occupation.

• Fastest and slowest growing careers in a particular occupation.

• Possible career areas related to one's interest.