5.1 Post-High School Decision Making Quiz

What is the primary purpose of a rational decision-making model when evaluating post-high school life choices?

• To make decisions based on emotions

• To evaluate the costs and benefits of each option

• To choose the most popular option among peers

• To avoid making any decision

Tags

GA.SSEPF1.a.

Which of the following is a key component of creating a budget for a future goal?

• Ignoring savings

• Including a savings or financial investment plan

• Spending all income

• Only considering current expenses

Tags

GA.SSEPF1.b.

Identify the type of income that is typically received as a fixed amount on a regular basis.

• Tips

• Salary

• Dividends

• Capital gains

Tags

GA.SSPFL1.b.

Which component of a pay-stub represents the total earnings before any deductions?

• Net pay

• Gross pay

• Federal tax

• FICA

Tags

GA.SSPFL1.f.

How does a technical school education potentially impact future income compared to entering the workforce immediately after high school?

• It guarantees a higher income

• It may increase income potential due to specialized skills

• It has no impact on income

• It decreases income potential

Tags

GA.SSPFL1.c.

Create a simple budget plan for a student who wants to save $2000 in a year for college expenses. Assume a monthly income of $500.

• Save $100 per month, spend the rest

• Save $167 per month, spend the rest

• Save $50 per month, spend the rest

• Save $200 per month, spend the rest

Tags

GA.SSEPF1.b.

Compare the benefits of receiving income as an independent contractor versus a salaried employee.

• Independent contractors have more job security

• Salaried employees have more flexibility in work hours

• Independent contractors can deduct business expenses

• Salaried employees can set their own pay rates

Tags

GA.SSPFL1.b.

Analyze how economic conditions might affect the unemployment rate for recent college graduates.

• Economic downturns typically increase unemployment rates

• Economic growth has no effect on unemployment rates

• Economic downturns decrease unemployment rates

• Economic conditions are irrelevant to unemployment rates

Tags

GA.SSPFL1.c.

Evaluate the costs and benefits of joining the military versus attending college immediately after high school.

• Military offers no educational benefits

• College provides immediate income

• Military offers educational benefits and job training

• College has no long-term benefits

Tags

GA.SSEPF1.a.

Plan a strategy to balance a budget that includes both savings for a future goal and current living expenses.

• Allocate all income to savings

• Spend all income on current expenses

• Allocate a portion of income to both savings and expenses

• Ignore savings and focus on expenses

Tags

GA.SSEPF1.b.