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WorksheetsPersonal Finance Review - Objective 3
Total questions: 16
Worksheet time: 8mins
Name
Class
Date
1.
The skills, knowledge, and experiences possessed by an individual
a)
Human capital
b)
Occupation
c)
Career
d)
Job
2.
Your habits, attitudes, tastes, moral standards and the amount of goods and services that you consume
a)
Lifestyle
b)
Occupation
c)
Career
d)
Industry
3.
Grouping of occupations and industries based on the knowledge and skills required
a)
Occupation
b)
Career Cluster
c)
Career
d)
Industry
4.
True or False:
Formal continuing education → Occurs through social interactions, networking, life's experiences, and reading
Formal continuing education → Occurs through social interactions, networking, life's experiences, and reading
a)
True
b)
False
5.
True or False:
Career → A lifetime journey of building and applying skills, knowledge, and experiences in paid employment positions
Career → A lifetime journey of building and applying skills, knowledge, and experiences in paid employment positions
a)
True
b)
False
6.
A strategy in which you start with the end goal and plan backwards to determine the steps needed to get to that end goal
a)
Job outlook
b)
Career pathway
c)
Backwards planning
d)
Remediation
7.
True or False:
Job outlook → The demand for a particular job when you are qualified and ready to enter the field
Job outlook → The demand for a particular job when you are qualified and ready to enter the field
a)
True
b)
False
8.
True or False:
Remediation → Sequences of increasingly advanced courses designed to bring academically underprepared students to the academic skill level expected when entering higher education
Remediation → Sequences of increasingly advanced courses designed to bring academically underprepared students to the academic skill level expected when entering higher education
a)
True
b)
False
9.
A series of connected education and training programs that allow you to secure a job and then to advance within an industry or occupation.
a)
Job outlook
b)
Remediation
c)
Career pathway
d)
Backwards planning
10.
A tax‐exempt financial aid that may be given for many purposes, not necessarily just for education.
a)
FAFSA
b)
Grant
c)
Scholarship
d)
Loan
11.
An estimate of the parents' and/or student's ability to contribute to postsecondary expenses. In general, the lower the EFC, the higher the financial aid award from the college may be.
a)
Student Aid Report (SAR)
b)
Expected Family Contribution (EFC)
c)
Deferment period
d)
Cost of Attendance (COA)
12.
A period of time after a borrower graduates, leaves school or drops below halftime enrollment where they are not required to make certain federal loan payments.
a)
Deferment period
b)
Grace Period
c)
Loan period
d)
Repayment period
13.
The difference between the cost of attending a particular school and the expected family contribution.
a)
Forbearance
b)
Grace Period
c)
Loan servicer
d)
Financial need
14.
True or False:
Work‐study → A federal program that provides part time employment opportunities for students with financial need, allowing them to earn money to help pay educational expenses.
Work‐study → A federal program that provides part time employment opportunities for students with financial need, allowing them to earn money to help pay educational expenses.
a)
True
b)
False
15.
True or False:
Cost of Attendance (COA) → To combine (a number of financial accounts or funds) into a single overall account or set of accounts.
Cost of Attendance (COA) → To combine (a number of financial accounts or funds) into a single overall account or set of accounts.
a)
True
b)
False
16.
The failure to pay a loan according to the agreed upon terms.
a)
Grace period
b)
Loan default
c)
Loan servicer
d)
Loan terms
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