Financial Math Unit 11 Test - Career Choices

The best definition of personal financial planning is

• a process of mapping decisions for spending, borrowing, and saving and investing in order to achieve financial goals.

• An investment schedule established by a financial advisor to help a person pay a debt.

• The process of determining how much a person can afford to pay for a house based on the person’s income.

• The comparison between the cost of education and a person’s projected income.

Net worth is

• Money coming in through wages earned, allowance, or other sources.

• Something owned that can be rapidly converted to cash without significant loss.

• Fee charged by a lender on money borrowed.

• The difference between one’s assets minus his or her liabilities.

Tags

CCSS.6.NS.C.7C

As a first step in selecting a career path, a person should:

• find out which careers pay the highest salaries.

• determine which career areas interest him or her.

• look online for inexpensive certification programs

• find out what majors are offered at the local college in the person’s geographic area.

In deciding whether to pursue additional education and training for a job, a person decides to do a cost/benefit analysis. This is a good idea because it will help her to:

• decide whether the benefits she believes she will have in a certain job and career are worth the financial and quality of life costs associated with gaining the necessary skills and education.

• determine how many years it will take before she can enjoy the benefits of retirement.

• compare the costs of different educational programs and different colleges to the benefit of beginning a career without any additional education.

• determine whether the benefits package a company offers will cover the cost of the education required for the job.

Common Employability Skills were developed by the National Network so that:

• Employability skills can be acquired in a variety of ways, including military service, work experiences and community service, as well as traditional education.

• Employees could maintain a professional demeanor at work.

• Prospective employees and educators could know exactly what it takes to be ready to succeed in any career path in any industry.

• Applied knowledge is vital to the workplace and should be recognized.

What is the best definition of being a good listener?

• Exuding confidence but be careful not to sound arrogant or aggressive.

• Paying close attention to what the other person is saying, asking clarifying questions, and rephrasing

• Exude confidence in all of your interactions with others.

• Be open to listening to and understanding the other person’s point of view.

Tags

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.7.1

CCSS.RL.8.1

CCSS.RL.9-10.2

All are examples of the customer service skills that every employee should have except for...

• workplace skills
• empathy for the customer

• understanding of the product

• attention to detail

Tags

CCSS.RI.11-12.5

CCSS.RI.9-10.5

CCSS.RI.11-12.3

CCSS.RI.9-10.3

CCSS.RI.8.3

Circle the correct answer to the following True or False statement: Body language has no bearing on how you communicate with others.

• True

• False

Tags

CCSS.RI.11-12.7

CCSS.RI.8.7

CCSS.RI.9-10.7

CCSS.RL.11-12.7

CCSS.RL.9-10.7

A certification is a license that permits a person to practice a certain profession such as accounting or physical therapy in one or more states.

• True

• False

Tags

CCSS.RI.11-12.5

CCSS.RI.9-10.5

CCSS.RI.11-12.3

CCSS.RI.9-10.3

CCSS.RI.8.3

Applied Knowledge is NOT a common employability skill.

• True

• False

Tags

CCSS.RI.11-12.7

CCSS.RI.8.7

CCSS.RI.9-10.7

CCSS.RL.11-12.7

CCSS.RL.9-10.7