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WorksheetsPF Lesson 3
Total questions: 42
Worksheet time: 4hrs 30mins
Which statement is not true?
Most people have several careers throughout their lifetime.
Jobs are paid positions.
People can develop human capital in a variety of ways.
Transferable skills can be applied to many personal and professional roles.
Eric is writing a paper on the importance of investing in yourself and he is looking for a sentence to use as the thesis statement for his paper. Which sentence below would be the best choice?
Completing your college degree is the best way to prepare for a career.
Education pays in higher earnings and lower unemployment rates.
Human capital and transferable skills result from formal training.
Investing in yourself too early can lead to a lower standard of living.
Individuals with more formal educational training usually have:
higher estimated lifetime earnings.
lower personal satisfaction.
greater amounts of leisure time.
more comfortable work environments.
Lora is a high school computer and technology teacher. She enrolls in a computer class at least twice per year to stay current on recent technology changes and updates. By continuing her education, Lora is investing in her:
salary
human capital
family
interest inventory
An example of a transferable skill is a skill:
used in your job that you acquired through past jobs, volunteering, hobbies, school sports, or other life experiences.
that can only be used in an individual’s job or career.
that each employer requires you to learn.
that is learned at one job and is required at other jobs as well.
Jose has been challenged by his academic adviser to develop some human capital this school year. Which activity would be the least effective way to reach that goal?
Spend additional time playing video games to further develop his eye-hand coordination.
Volunteer to pick up trash along the roadsides.
Attend a workshop on a topic he has little knowledge of.
Ask his employer if there are any new tasks at work that he might be assigned.
Miranda is working to develop a broad base of transferable skills. This means that she:
needs to maintain at least a part time job during the school year.
should use her available hours outside of school for paid employment rather than volunteering.
will not have as much time to develop her human capital.
will have a set of versatile skills that she can apply to many personal and professional roles.
One’s lifestyle is to their standard of living as present is to:
past
recent
future
gift
In order to make an informed career decision, a high school student will want to:
commit to a profession that requires a college degree.
choose a career that offers the amount of money desired.
develop personal goals, complete a career assessment, and research careers.
choose a training program that will guarantee employment after the course work is completed.
Which statement would not be true about the value of career research?
Everyone values different aspects of an occupation. One person might value the flexible schedule a particular job offers and another might care more about the amount of training that a career might require.
Current job availability and the outlook for future employment are as essential to consider as whether you have the skills, interest and abilities to pursue a particular career.
Opinions from different people working in the occupation should be considered before ruling out a particular career.
There are many careers that would support your well-being. Career exploration allows you to find the one that pays the most so your well-being is enhanced to the highest degree.
Career assessments help to identify:
the job an individual should have if he/she wants high well‐being.
positions available in a particular occupation.
fastest and slowest growing careers in a particular occupation.
possible career areas related to one’s interests.
Joanna has arranged to complete a job shadow with a physical therapist to decide if this is a career she wants to pursue. Which of her concerns is she most likely to have answered as a result of her job shadow?
The future outlook for physical therapy jobs
The amount of money physical therapists earn
Common tasks and typical daily activities
Opportunities for advancement in the career
Zoe has been assigned by her school counselor to complete a career assessment. Which statement best describes why her counselor has suggested she do this?
Her counselor wants Zoe to find a career that will provide a high level of income to support Zoe’s lifestyle and well-being.
Her counselor wants Zoe to match her skills, abilities, interests and values with a list of specific occupations.
Her counselor wants Zoe to conduct interviews with people in her area of interest to determine if she truly enjoys the career she wants to prepare for.
Her counselor wants Zoe to search for a career that will allow occupational flexibility and provide for possible career advancement as she gains more experience working in her selected career.
David plans to apply for college in 2 years. His guidance counselor suggested that he begin adding items to a College/Training application folder. Which items would not be helpful as additions to this folder?
Copies of awards and achievements he earns
A list of all the extracurricular activities he gets involved in
A resume of all community service and volunteer work he is actively involved in
Copies of his elementary and middle school report cards
Erin has been in college for 2 years and has decided that the major she has been studying is not for her. Changing her major and/or her college could result in:
a well-rounded college degree.
the need for backward planning.
losing credits for classes she has already taken.
remediation courses to make up for the change in majors.
Which statement is true regarding college-level expectations for studying and completing projects?
It is best to study alone in a quiet environment.
Plan backward from major deadlines
Multitasking during study time develops the important skill of working while being distracted, so it is okay to message with friends or watch TV while studying.
The busier your schedule gets, the more important it is to write down only the most critical tasks to be done. Wasting time writing down smaller details is not recommended.
When Charles received his college placement test results, he is informed that he will need remediation in math. Which situation is not true of Charles’ situation?
Charles will need to take at least one course because he is not college-ready.
Since the remedial courses Charles must take will not count toward his degree, he needs to take the courses but tuition is not charged.
Charles should have taken a placement test earlier in high school so he could strengthen his academic skills before heading for college.
Remediation courses do not count toward his degree program so he may need to take extra credits and his college degree may take longer to complete.
As Jonah plans for his future, his family has challenged him to create a SMART goal for his career education and training. Which question is the least important one to consider at this point?
What kind of training and education do I need and how much will it cost?
Is there a career pathway available if I continue my education and training?
Can I get the education and training I need near where I currently live?
Will a job be available and will I earn enough in my career to pay for the education and training it requires?
It is recommended that one's educational loan payments require no more than 10–15% of one's estimated starting income. What should a student consider in order to calculate this amount?
opportunity cost
career pathway
benefit
debt-to-income ratio
The money one would have earned if she/he had worked instead of continuing her/his education is called the
debt-to-income ratio
opportunity cost
benefit
total estimated cost
Mallory has set a career goal of becoming a veterinarian but does not have the money to complete this goal without taking out very large student loans. She decides to attend a 2‐year program to become a veterinary technician, and then work for 3 years in that field while she saves money for her remaining 2 years of college and veterinary school. Mallory’s plan is known as a/an:
career pathway
opportunity cost
debt-to-income ratio
SMART goal
The regular schedule that employers use to pay their employees is called the:
worker's compensation.
pay period.
employee benefits.
employer contributions.
Jaimen is struggling to make his student loan payments after college. He is considering defaulting on the student loan. Which is not a potential consequence if he decides to default on the student loan?
He could be denied credit cards, car or home loans, or apartment leases.
He could be denied credit cards, car or home loans, or apartment leases.
He may not be able to obtain a marriage license.
His wages may be garnished.
Carson’s family has always struggled financially due to his parents leaving high school before graduating and working lower paying jobs to support the family. His parents do not want him to make the same mistake and are encouraging him to apply for scholarships and any type of student aid he might qualify for. Which application will determine which type of need-based aid he will qualify for?
Perkins Federal Loan Application
Direct Subsidized Stafford Loan Application
Federal Work Study Application
Free Application for Federal Student Aid (FAFSA)
When Rob graduated from college, he considered two different job offers before accepting his job as an accountant in the IT department of a local manufacturing plant. He loves that he can walk or ride his bike to work each day. He also loves to travel and his job will require him to travel several times each year to conduct audits in manufacturing plants throughout the U.S., Europe, and Asia. He receives a monthly salary and his employer pays his health insurance. His employer also matches the funds he saves in his personal retirement account. Rob has always been very healthy, but he appreciates knowing that he has several days of paid sick leave each year if he needs them, along with 1 week of paid vacation. His company is encouraging him to complete the classes he needs to earn his CPA by paying for half of the tuition for the classes he needs to take. Rob’s parents asked him what employee benefits his employer was providing. Which would be considered an employee benefit?
Monthly Salary
Location within walking distance of his apartment
Paid sick leave
Travel opportunities
When Rob graduated from college, he considered two different job offers before accepting his job as an accountant in the IT department of a local manufacturing plant. He loves that he can walk or ride his bike to work each day. He also loves to travel and his job will require him to travel several times each year to conduct audits in manufacturing plants throughout the U.S., Europe, and Asia. He receives a monthly salary and his employer pays his health insurance. His employer also matches the funds he saves in his personal retirement account. Rob has always been very healthy, but he appreciates knowing that he has several days of paid sick leave each year if he needs them, along with 1 week of paid vacation. His company is encouraging him to complete the classes he needs to earn his CPA by paying for half of the tuition for the classes he needs to take. When Rob compared the Cost of Living Index for the city he currently lives in with the city where the other job was located, the index for his city was 106 and the index for the other city was 78. Which statement is most likely to be true?
Rob chose his current job because the Cost of Living Index indicated that it would be cheaper to live in his current city than it would have been in the other city.
Rob chose his current job for reasons other than a lower cost of living.
The cost of relocating to the other city increased the cost of living there so Rob chose to live in his current city.
Even though the job in the other city offered a higher salary, it wasn’t enough to make up the difference for that city’s higher cost of living.
To be considered for lifelong employment a person must continually maintain their employability. Which of these actions will not help maintain employability?
Maintain high standards in honesty, reliability, and punctuality.
Adjust your actions to be appropriate for different situations you find yourself in, because you realize that what is appropriate in social situations is not necessarily appropriate in the work environment.
Continue to learn by taking classes and striving for continual improvement on the job.
Seek ways to blend your personal and professional images online to enable current and future employers to see that you have a varied and interesting life both in and outside of work.
Ally learned in her Personal Finance class that some paycheck deductions are required and others are optional. She is checking over her paystub and sees several deductions. Which of the following would be true?
Federal income tax, state income tax, social security, and medicare deductions are all required deductions.
Federal income tax, state income tax, workers compensations, and life insurance are all required deductions.
Social security, Medicare, life insurance, and health insurance are all required deductions.
Social security, Medicare, federal income tax, and workers compensation are all required deductions.
Jamie has elected to be paid by direct deposit at her new job. This means:
she will receive her paycheck mailed directly to her each pay period.
she will receive her pay directly into her checking account at her depository institution for each pay period.
she will receive her pay automatically loaded onto her payroll card at the end of each pay period.
she will receive her paycheck delivered directly to her at her place of employment at the end of each pay period.
Hunter has been offered a job by a local mechanic who has offered to pay him in cash rather than by paper paycheck, direct deposit, or payroll card. Hunter is excited that the amount of money he will take home each week will be larger since his employer will not be deducting any taxes from it. His employer wants to hire him for the 10 weeks of his summer break and expects to pay him $300 per week. Which statement is most likely to be true?
Hunter will not need to pay taxes on the income from his summer job because the total amount he will earn is under the amount required for federal tax deductions.
It is illegal for Hunter to receive payment for his work in cash. He could be fined for doing so.
Hunter will need to pay his federal and state taxes on his own, since his employer is not paying these required taxes for him.
Hunter’s employer is doing him a favor by offering to pay him in cash. Hunter will potentially earn more by this method of payment.
Bob is working for a bank. He earns $8.00 an hour, works 40 hours a week, and gets paid every 2 weeks. Every pay period he pays $63.08 into federal withholdings tax, $33.21 into state withholdings tax, and $42.05 into FICA (Social Security Tax). What is Bob’s net pay on his paycheck?
$501.66
$363.32
$576.92
$640.00
All of the following are good ways to minimize the risk of wanting to change college majors or even switch schools except:
Meet with a guidance counselor or academic advisor at your school
Talk with your friends to see what classes are the easiest to pass
Be a long-term planner
Choose a program and school that matches your interests
