WorksheetsPersonal Finance Final Review
Total questions: 35
Worksheet time: 18mins
Name
Class
Date
1.
Working 16-25 hours is considered working part time
a)
True
b)
False
2.
You should always end your letter with a salutation.
a)
True
b)
False
3.
All employers provide pension plans for retirement.
a)
True
b)
False
4.
Career planning is a short process that only takes a few months.
a)
True
b)
False
5.
An MBA is an example of an advanced degree.
a)
True
b)
False
6.
Salaries employees usually do not receive additional pay for overtime work.
a)
True
b)
False
7.
Christmas is considered a paid holiday for full time employees.
a)
True
b)
False
8.
Employers are required to keep detailed records of wages earned and hours worked for inspection by the
a)
Social Security Commission
b)
IRS
c)
Department of Commerce
d)
Department of Labor
9.
Medicare is an optional tax.
a)
True
b)
False
10.
A construction worker is an example of a white collar worker.
a)
True
b)
False
11.
The self employment tax is
a)
7.5%
b)
1.45%
c)
20%
d)
15.3%
12.
Overtime pay is twice your hourly pay rate.
a)
True
b)
False
13.
Sixty percent of new jobs are filled by "word of mouth".
a)
True
b)
False
14.
Your cover letter should be specific to the position for which you are applying.
a)
True
b)
False
15.
It doesn't matter what color ink you use on a job application as long as you print neatly.
a)
True
b)
False
16.
The middle paragraph of the application letter should explain why you are writing.
a)
True
b)
False
17.
Credit cards are a form of open-ended credit.
a)
True
b)
False
18.
Unpaid jobs should be excluded from your resume.
a)
True
b)
False
19.
You should always arrive at least an hour early for a job interview to impress an employer.
a)
True
b)
False
20.
A ____________ _________ is an organization that makes high-risk consumer loans
a)
loan sharks
b)
private lenders
c)
finance company
d)
credit bureau
21.
Stock options give employees the right to buy a set number of shares of the company's stock at a fixed price.
a)
True
b)
False
22.
Employee expenses can be tax deductible.
a)
True
b)
False
23.
Many retail stores offer their own credit cards.
a)
True
b)
False
24.
An open-ended question only requires a yes or no answer.
a)
True
b)
False
25.
Employee expense is a negative feature of employment.
a)
True
b)
False
26.
Which one of the following is not typically a paid holiday
a)
Labor Day
b)
President's Day
c)
Fourth of July
d)
Thanksgiving
27.
In regard to what to wear to a job interview, always be sure to
a)
Dress humbly
b)
Wear a suit
c)
Dress appropriately
d)
Wear your favorite outfit
28.
Advances in technology have made _______ possible.
a)
job sharing
b)
job rotation
c)
telecommuting
d)
flextime
29.
The part of the application letter that explains the reason why you are a good choice for the job.
a)
first
b)
second
c)
third
d)
fourth
30.
Avoid addressing application letter to
a)
a specific department
b)
a person
c)
to whom it may concern
d)
no name
31.
A request that the bank not honor a specific check.
a)
cashier's check
b)
stop-payment order
c)
canceled check
d)
certified check
32.
There are 4 credit bureaus
a)
True
b)
False
33.
Which of the following is credit not based on
a)
Financial position
b)
Income
c)
Collateral
d)
Finance Charge
34.
Over ______ percent of all U.S. purchases are made with credit.
a)
85
b)
80
c)
75
d)
70
35.
The average American has less than $5,000 in credit card debt.
a)
True
b)
False
100 %
