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WorksheetsPersonal Finance- Chapter 1 Review
Total questions: 25
Worksheet time: 13mins
Name
Class
Date
1.
The ability to prepare a spreadsheet is an example of a soft skill.
a)
True
b)
False
2.
The United States has a market economy, which is based on the laws of supply and demand.
a)
True
b)
False
3.
The stage of the business cycle at which the economy is as robust as it can get is called the peak.
a)
True
b)
False
4.
A student loan on which interest is not charged is called a grant.
a)
True
b)
False
5.
You should ask permission before listing someone as a reference.
a)
True
b)
False
6.
The ideal length for a submitted resume is two full pages.
a)
True
b)
False
7.
All of the following are examples of hard skills EXCEPT
a)
installing a furnace
b)
preparing a PowerPoint presentation
c)
leading a team
d)
operating a forklift
8.
Factors that affect your earnings potential include
a)
education
b)
hard skills
c)
natural talent
d)
all of these
9.
On-the-job training is an example of
a)
self-education
b)
informal education
c)
natural education
d)
formal education
10.
A job description may include all EXCEPT
a)
education and skills required
b)
tasks to be performed
c)
work environment
d)
salary range
11.
Price increases for a product are most likely to occur when
a)
supply exceeds demand
b)
demand exceeds supply
c)
supply and demand are equal
d)
none of these are relevant
12.
Which of the following degrees requires the most time to complete?
a)
bachelor's degree
b)
master's degree
c)
doctorate degree
d)
associate's degree
13.
Scholarships are available to students based on
a)
high grades or test scores
b)
strong athletic skills
c)
need
d)
any of these
14.
A thank-you letter sent to the interviewer is a form of ___ to show appreciation and remind the employer of your interest.
a)
follow-up
b)
values
c)
scarcity
d)
shadowing
15.
A goal is a desired outcome based on one's _____ for which a plan of action is carried out.
a)
values
b)
ethics
c)
scarcity
d)
recovery
16.
When supply exceeds demand, businesses will ________ prices in an effort to increase demand.
a)
lower
b)
raise
c)
not change the
d)
all of these
17.
When people slow their buying and are unable to pay high prices, the economy slips into an economic decline, called a(n) _____
a)
recession
b)
recovery
c)
shadowing
d)
values
18.
The group of friends and acquaintances with which you keep in contact and share information is your _____________________.
a)
social network
b)
values
c)
ethics
d)
core
19.
Job ___ is spending time observing a worker in a type of job that interests you.
a)
shadowing
b)
recovery
c)
recession
d)
retention
20.
___ refers to a set of moral values that people consider acceptable.
a)
ethics
b)
values
c)
ethnicity
d)
none of these
21.
Which of the following is NOT a stage of the business cycle?
a)
recovery
b)
peak
c)
trough
d)
retention
22.
Which of the following types of individuals would NOT make a good reference on a resume or job application?
a)
teacher
b)
postal delivery man
c)
counselor
d)
current employer
23.
______ are non-technical skills needed by most workers in all jobs.
a)
soft skills
b)
hard skills
c)
receptionist skills
d)
mild skills
24.
Which of the following is NOT good advice regarding resumes?
a)
Tailor each resume to the job for which you are applying.
b)
Use a variety of fancy fonts and style elements to ensure the resume stands out from others.
c)
Keep each resume to one page with the most important information on the top third of the page.
d)
Carefully proofread to ensure the resume has no keying, spelling or grammar mistakes.
25.
Which of the following is true of a subsidized student loan?
a)
Interest is not charged until after you graduate.
b)
In you maintain a high GPA, you do not have to repay the loan.
c)
You do not have to repay the loan until after you have earned your first $250,000 following graduation.
d)
The interest rate on a subsidized student loan is higher than on a conventional bank loan.
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