Final Exam Review

Communication is one of the most important soft skills in today's workplace.

• True

• False

Earnings tend to increase with higher levels of formal education.

• True

• False

Regardless of the style used, a resume should always include personal information, education, and work experience.

• True

• False

Payments received for alimony and child support are forms of unearned income.

• True

• False

A document that describes the steps that will be taken to open and operate a business is a(n)

• revenue and cost report

• business plan

• entrepreneur's guide

• statement of net profits

____________ is a set of moral values that people consider acceptable.

• Character

• Ethics

• Values

• Goals

Which of the following statements regarding education is correct?

• Earnings potential increases as you complete more formal education.

• All of these are correct.

• Unemployment rates tend to be higher for people with college degrees.

• Informal education should not be listed on a resume.

A(n) ______________ is a tool used to track checking account transactions and keep a running balance of your account.

• bank statement

• check register

• credit score

• W-4

Banks may charge fees for checking and savings accounts that do not meet minimum usage requirements.

• True

• False

You should update your check register monthly when you receive the bank statement.

• True

• False