PF O1 - Review

Which of the following options best describes the role of an influencer on social media?

• 1. A person who manages the social media accounts of celebrities

• 1. Someone who creates content to persuade their followers to try or buy certain products or services

• 1. An individual who only posts personal updates and never promotes products

• 1. A company that designs ads for social media platforms

Answer explanation

The correct choice describes a social media influencer as someone who creates content aimed at persuading their followers to try or buy products or services, which is their primary role.

Grace is trying to be more mindful about her use of social media. Which of the following is NOT a mindful way to interact with social media?

• 1. Setting specific times to check your social media accounts

• 1. Unfollowing accounts that negatively affect your spending habits

• 1. Creating a wish list for items you see on social media before buying them

• 1. Constantly scrolling through your social media feeds without breaks

Answer explanation

Constantly scrolling through social media feeds without breaks is not mindful, as it promotes mindless consumption and can lead to negative mental health effects. The other options encourage intentional and thoughtful engagement.

What is an advantage of participating in price comparison?

• 1. You will always find a product that meets all your preferences

• 1. Retailers offer exclusive deals if they know you have compared prices extensively

• 1. You increase the likelihood of buying a product that fits your financial plan

• 1. You are automatically enrolled in a loyalty program when you frequently compare prices

Answer explanation

Engaging in comparison shopping helps you evaluate different products and prices, increasing the chances of finding one that fits your budget and financial plan.

Identify the personal effect of your financial habits on one of the following life values:

Choose one and provide an example:

Inner / Social / Physical / Financial

Answer explanation

My financial habits reflect my value of financial stability. For example, I consistently save a portion of my income, which helps me feel secure and prepared for unexpected expenses.

Which of the following factors do you currently consider when making a purchase?

Quality, craftsmanship, quantity, performance, durability

Provide an example.

Answer explanation

I consider Quality when making a purchase. For example, when buying a smartphone, I prioritize high-quality materials and build to ensure durability and a better user experience.

1. In a team meeting, Ava noticed that her ability to communicate and collaborate with her colleagues was crucial. Soft skills can best be described as...

• 1. Skills that are easy to demonstrate and measure

• 2. Skills that allow a person to work effectively with others

• 1. Skills that apply only to a specific position

• 1. Skills that are not important to employers

Answer explanation

Soft skills are essential for effective teamwork and collaboration, making the correct choice "Skills that allow a person to work effectively with others". This highlights the importance of interpersonal abilities in a work environment.

1. Michael is preparing for a job interview and wants to highlight his skills. All of the following are hard skills he could mention, EXCEPT... 

• Programming

• Accounting

• Carpentry

• Adaptability

Answer explanation

Adaptability is a soft skill, while coding, accounting, and carpentry are hard skills. Hard skills are specific, teachable abilities, whereas soft skills relate to personal attributes.

Which of the following statements is TRUE about the value of a university degree?

• A high school graduate can expect to earn about the same as a university graduate

• Every university graduate can expect to have a starting salary above $60,000 right after college

• A university graduate can expect to earn, on average, more than a high school graduate over the course of their career

Answer explanation

A college graduate typically earns more over their career than a high school graduate, reflecting the value of higher education in terms of increased earning potential.

How can the media influence the way consumers manage their finances?

• By discouraging all forms of spending

• By promoting products and services through advertisements

• By providing only negative news about the economy

Answer explanation

Media influences consumers by promoting products and services through advertisements, which can shape spending habits and financial decisions. This is a key way consumers manage their finances.

What is one way to reduce the total cost of attending college?

• Only consider out-of-state universities

• Buy expensive textbooks

• Ignore financial aid opportunities

• Apply for scholarships and grants

Answer explanation

Applying for scholarships and grants is a key way to reduce college costs, as they provide financial assistance that does not need to be repaid, unlike loans. This option directly helps lower the overall expenses of attending college.