JA Unit One and Two Assessment Practice Quiz

Which three are one of the three main forms of insurance discussed in class?

• Fuel

• Auto

• Health

• Home

Who is a person who takes a risk to start a business?

• The President

• An Entrepreneur

• Factory Worker

• Firewoman

Which three of the following is considered a financial institution?

• Bank

• Credit Union

• Stocks

• Savings and Loan

When should you start saving for college?

• When you graduate from High School.

• As soon as you possibly can start to save.

• The summer before you start college.

• When you apply for college.

What is the term that means "things you do well"?

• Abilities

• Talents

• Passions

• Aptitudes

Can you purchase pet insurance for your pets?

• Yes

• No

Which three are types of taxes we pay?

• Unemployment

• Income

• Sales

• Property

What does it mean to "pay yourself first"?

• Pay your bills first then use the rest for whatever you want.

• The money you put in a retirement account.

• Buy the things you want first then pay for what you need.

• Save a part of your income that you can use in the future for emergencies or things you need.

What is the name of income you have left after taxes are taken out?

• Gross Income

• Annual Income

• Net Income

• Weekly Income

What three things should you think about before choosing a career?

• Abilities

• Aptitudes

• Interests

• Parents' Choice