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

Emma is working in an office and needs to communicate an important update to her team. She is considering whether to send an email or to speak to them directly in person or over the phone. In today's workplace, written communication is always preferable to face to face or telephone communication.

• True

• False

Anna works in a technology company where new tools and methods are introduced regularly. She decides to take online courses and attend workshops to keep her skills up-to-date. Lifelong learning will help Anna stay employed by preparing her for changes in the skills or education required for her job.

• True

• False

David is considering whether to pursue higher education. He reads a report stating that the amount and type of education you complete does not significantly affect the amount of money you can earn. Is this statement true?

• True

• False

During a hot summer, Zoe notices that the demand for air conditioners in her town exceeds the available supply. Businesses begin charging higher prices for air conditioners. Is this true?

• True

• False

Alicyn is studying the business cycle in her economics class. She learns about the decline (recession) stage and wonders if this stage represents the lowest point on the business cycle graph. Is Alicyn correct?

• True

• False

Maddie runs a small business and notices that her sales and profits have reached their highest point, with the economy performing as strongly as possible. The stage of the business cycle at which the economy is as robust as it can get is called the peak.

• True

• False

Emma is considering whether she should change her spending habits based on the current state of the economy (stage of the business cycle). Should Emma let the state of the economy affect her spending habits and choices?

• True

• False

Matt receives a student loan to pay for his college tuition. On this loan, interest is not charged. Is this type of loan called a grant?

• True

• False

Daniel is preparing to apply for jobs. He wants to know if he should have a “Starter Resume” prepared and ready to tailor it to any job opening for which he may apply.

• True

• False