Personal Finance Semester 2 Exam

Which of the following situations is an example of a potential scam?

• Someone calls and asks for your social security number.

• You are asked to give your social security number to complete paperwork at the dentist office.

• Your bank sends you a text message saying that you have a bill due next week.

If you are a victim of a scam or fraud, why should you always report it? Choose the best answer.

• This helps you get your money or identity back.

• This helps track and catch scammers and fraudsters.

• It will make you feel a lot better.

 Cheating on a tax return in an attempt to avoid paying the entire tax obligation is known as

• a scam

• insurance fraud

• tax fraud

Which of the following is an example of insurance fraud?

• Jason asks a friend to back into his car so that he can get his bumper replaced through insurance.

• Raul falls and breaks his ankle in the hallway on a wet area left by someone who spilled their Mountain Dew.

• Allie left her bathtub running and it flooded her bathroom.

What can you do to avoid being the victim of a scam? Select all that apply.

• Block calls/texts that seem fishy

• Do not click on pop up ads.

• Do not give your personal information to anyone

Ryan co-signs on a car loan for his friend, Jackson. Jackson stops making payments on the loan. Who is responsible for paying what is owed?

• Ryan

• Jackson

• Neither

What are some alternatives to attending college? Select all that apply.

• trade school

• apprenticeship

• full time employment

At an informational interview, the goal is....

• To leave with a job.

• To learn more about the company, job requirements, etc.

• To give them your resume and cover letter.

What should you consider when choosing a career?

• Education requirements

• Job outlook

• Salary

• All of the above

Which of the following is a soft skill?

• Being helpful to co-workers

• Knowing how to use a cash register

• Having the ability to operate an x-ray machine