Fin Lit 1- How Your Choices Affect Income

John, an office worker, is asked to prepare a spreadsheet for the monthly sales report. This task is an example of a soft skill.

• True

• False

In today's workplace, written communication is always preferable to face to face or telephone communication

• True

• False

Lifelong learning will help you stay employed by preparing you for changes in the skills or education required for your job

• True

• False

Statistics show that the amount and type of education you complete does not significantly affect the amount of money you can earn

• True

• False

When demand for a product exceeds its supply, businesses will begin charging higher prices for the product

• True

• False

The decline (recession) stage of the business cycle represents the lowest point on the business cycle graph

• True

• False

The stage of the business cycle at which the economy is as robust as it can get is called the peak.

• True

• False

You should not let the state of the economy (stage of the business cycle) affect your spending habits and choices

• True

• False

A student loan on which interest is not charged is called a grant

• True

• False

You should have a “Starter Resume” prepared and ready to tailor it to any job opening for which you may apply.

• True

• False