GFL Strand 3 Test Review

Which of the following is NOT typically included on a professional resume?

• Educational background

• Personal hobbies

• Contact information

• Relevant work experience

Which of the following best describes the relationship between education and potential lifetime income?

• Income is solely determined by the field of work, not education level.

• Education guarantees a high income.

• Higher education typically results in higher potential lifetime income.

• Education only affects income in specific careers.

What is one of the primary benefits of scholarships and grants for students?

• They cover all living expenses.

• They reduce the cost of education without repayment obligations.

• They are only available to students with perfect grades.

• They have to be repaid after graduation.

Which of the following is a potential risk of entrepreneurship?

• Stable income

• Financial uncertainty

• Guaranteed health benefits

• Fixed working hours

Why is networking beneficial when searching for a job?

• It helps you learn about job openings and industry insights.

• It allows you to avoid the application process

• It's only useful for high-level positions.

• It guarantees immediate employment.

Tyrone works for an insurance company. He makes $20 and hour and worked 46 hours last week. What is his overtime rate of pay?

• $35

• $20

• $25

• $30

What distinguishes nonprofit from for-profit higher education institutions?

• For-profit institutions offer more scholarships.

• Nonprofit institutions reinvest profits into the institution.

• Nonprofit institutions are more expensive.

• For-profit institutions are publicly funded.

Which of the following best describes net income?

• Income before taxes and deductions

• Total income from all sources

• Income after taxes and deductions

• Income subject to taxation

When evaluating career opportunities, which factor should be considered alongside income potential?

• Market value of the work

• Skills and educational requirements

• Individual interests and skills

• All of the above

What is an effective strategy for finding employment opportunities?

• Wait for job offers to come to you.

• Networking and building professional relationships

• Only apply to companies that are hiring.

• Avoid talking to people in your desired industry.