Personal Finance (3.01-3.07)

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 careers.

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

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.

Joanna has arranged to complete a job shadow with a physical therapist to decide if this is a career she wants to pursue. Which of her concerns is she most likely to have answered as a result of her job shadow?

• The future outlook for physical therapy jobs

• The amount of money physical therapists earn

• Common tasks and typical daily activities

• Opportunities for advancement in the career

The regular schedule that employers use to pay their employees is called the:

• worker’s compensation.

• pay period.

• employee benefits.

• employer contributions.

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.

Which statement would not be true about the value of career research?

• Everyone values different aspects of an occupation. One person might value the flexible schedule a particular job offers and another might care more about the amount of training that a career might require.

• Current job availability and the outlook for future employment are as essential to consider as whether you have the skills, interest and abilities to pursue a particular career.

• Opinions from different people working in the occupation should be considered before ruling out a particular career.

• There are many careers that would support your well-being. Career exploration allows you to find the one that pays the most so your well-being is enhanced to the highest degree.

It is recommended that one's educational loan payments require no more than 10–15% of one's estimated starting income. What should a student consider in order to calculate this amount?

• Opportunity cost

• Career pathway

• Benefit

• Debt-to-income ratio

The most secure method for an employer to pay employees is to use:

• direct deposit.

• a payroll card.

• a printed paycheck.

• in-store credit.

An example of a transferable skill is a skill:

• used in your job that you acquired through past jobs, volunteering, hobbies, school sports, or other life experiences.

• that can only be used in an individual’s job or career.

• that each employer requires you to learn.

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

Shannon is reviewing her pay stub to determine how much money she earned before her deductions were subtracted. Which column should she check to find this amount?

• Net Income

• Hours and Earnings

• Employer Contributions

• Gross Income