AES: Personal Financial Literacy - Earning Income Quiz

The money or other benefits lost when pursuing a particular course of action instead of a mutually-exclusive alternative.

• Career

• Human capital

• Opportunity cost

• Productivity

An occupation or profession, especially on requiring special training, followed as one's life work.

• Human capital

• Opportunity cost

• Earning potential

• Career

Rany earns $22 per hour. This is an example of:

• Commission

• Salary

• Wages

• Labor

The quality, state, or fact of being able to generate, create, enhance, or bring forth goods and services.

• Earning potential

• Opportunity cost

• Human capital

• Productivity

Which of the following helps to increase earning potential?

• Education

• Training

• Job Specific Certifications

• All of the above

Karl purchased a secons, larger home in which to live. He has decided to rent his first home out for $1,500 a month. His mortgage on the first home is $1,250. Is this an example of passive income?

• Yes

• No

Julia earns $40,000 per year. This is an example of:

• Wages

• Assets

• Commission

• Salary

High productivity will typically get you positive attention and feedback when you are on a job.

• True

• False

Earned income is any income earned by:

• Investing money

• Working

• Experience

• Getting an education

The top salary you can make.

• Career

• Human capital

• Earning potential

• Productivity