OCS EPF Module 1 Review

The decision of how to enter the workforce is important and has implications on your quality of life. Which of the following is not an example of how your choice of employment could impact your quality of life?

• Legal rights

• Standard of living

• Education

• Profession and creativity

Michael works in sales. He gets a base salary. In addition, if he exceeds his sales quotas, he gets a bonus. A bonus is an example of _________.

• Benefits

• Incentives

• Scholarship

• Federal Aid

Brenda got a job offer (Offer A) from a local company who is offering her health benefits, stock options, training, a pension, and days off and full time employment. She got another job offer as a contractor with a significantly higher income (Offer B), without the same benefits and incentives. If stability is the most important thing to Brenda, which offer should she accept?

• Offer A

• Offer B

• She should wait for another offer

• Both offers have the same stability

Sally wants to engage in a profession that she feels passionate about and can dedicate her life too. She plans on getting a lot of training to pursue this job. This is known as a _________.

• Workforce

• Job

• Career

• Benefits

In state tuition is always significantly ___________ than out of state tuition.

• lower

• higher

• varies

• it's the same

What is a good rule of thumb to consider when it comes to student loan debt?

• You should borrow as much as your college says you should borrow as laid out in your financial aid offer

• You should never borrow money to go to college because it is unlikely that you will be able to pay it back

• You should borrow as much money as you can through private loans and then take out federal loans

• You should generally limit your borrowing so you can ultimately limit your debt down the line.

What is one advantage of Federal student loans?

• Federal loans may not charge you interest while you are in school and may have more flexible payment plans later.

• Federal student loans do not need to be repaid

• Federal student loans do not require you to complete the FAFSA

• Federal loans don't charge any interest for the entire term of the loan

Marco gets easily bored when working on the same project for long periods of time or sticking to a tight schedule. He isn't concerned about obtaining benefits as part of his life style, but wants to earn a high wage. Which employment option is probably the best option for Marco?

• Full Time

• Contract Work

• Part Time

• Unemployment

Keshawn is calculating the money he received from his investments this year. He is adding up the amount gained from dividends and interest on his accounts. What is Keshawn calculating?

• Active Income

• Passive Income

• Portfolio Income

• Rental Income

Several of Liu's stocks increased in value this year. She sold them and earned a profit. What is this an example of?

• Gambling Loss

• Capital Loss

• Gambling Gains

• Capital Gains