WorksheetsSemester Exam
Total questions: 50
Worksheet time: 2hrs 39mins
Name
Class
Date
1.
How many career clusters are there?
a)
20
b)
14
c)
16
d)
18
2.
Reporters and journalists are considered a part of which cluster?
a)
Government and Public Administration
b)
Arts, A/V Technology, and Communications
c)
Human Services
d)
Information Technology
3.
Chemists are considered part of which cluster?
a)
Medicine
b)
Health Science
c)
Science, Technology, Engineering, and Mathmatics
d)
Human Services
4.
Career clusters are...
a)
considered to be the most important Basic Job Factors
b)
different occupations that interest you the most
c)
a group of careers that are related to each other in some way
d)
the greatest employment opportunities for individuals
5.
Teacher would fall under what Career Cluster?
a)
Finance
b)
Business and Administration
c)
Human Services
d)
Education and Training
6.
Actor, journalist and audio engineer belong to which career cluster?
a)
Arts, A/V Technology and Communications
b)
Scientific Research
c)
Information technology
d)
Manufacturing
7.
Hotel manager and a restaurant manager fall under which career cluster?
a)
Information Technology
b)
Hospitality and Tourism
c)
Human Services
d)
Transportation, Distribution and Logistics
8.
It is important to know which career cluster I fall under to better select a career that is suitable for me.
a)
True
b)
False
9.
All of the following are disadvantages of entrepreneurship, except
a)
risk
b)
no stable paycheck
c)
family time
d)
not taken seriously
10.
A person who organizes and runs his or her own business
a)
President
b)
entrepreneur
c)
employee
d)
entrepreneurship
11.
The process of starting a new business
a)
apprenticeship
b)
entrepreneurship
c)
internship
d)
job
12.
The chance of danger or loss
a)
Risk
b)
Options
c)
Reward
d)
Benefit
13.
These are all characteristics of a entrepreneur, except
a)
Flexible
b)
Confidence
c)
Innovative
d)
Lazy
14.
A person who works in a business owned by someone else
a)
slave
b)
entrepreneur
c)
owner
d)
employee
15.
A physical reaction to a difficult or demanding situations
a)
happy place
b)
emotion
c)
stress
d)
empathy
16.
The maximum amount you are allowed to carry as a balance on the card
a)
interest
b)
ARP
c)
credit limit
d)
all of these
17.
One of the 3 C's of credit that shows a person's willingness to pay is
a)
capital
b)
collateral
c)
character
d)
capacity
18.
Which one is considered a danger of using a credit card
a)
no cash needed
b)
leads to overspending
c)
convenient
d)
earns rewards
19.
What is credit?
a)
Free money
b)
Borrowed money
c)
Standard of living
d)
A term that causes tears
20.
How is credit used?
a)
Employers may check job applicants' credit.
b)
Before renting an apartment, the landlord will check the prospective tenant's credit.
c)
If you apply for a cell phone or credit card, your credit will be checked.
d)
All of these are correct, these are only some of the ways credit can be used.
21.
What is a credit score?
a)
A credit score is a three-digit numerical rating that reflects how likely you are to fail at paying your debts
b)
A five-digit numerical rating that reflects how likely you are to repay your debt.
c)
A three-digit numerical rating that reflects how likely you are to repay your debt.
d)
A credit score is a five-digit numerical rating that reflects how likely you are to fail at paying your debts
22.
What are the three major Credit Reporting Agencies (CRAs)?
a)
Equifax
b)
TransUnion
c)
Experian
d)
All of these are correct
23.
What type of credit is a credit card?
a)
Single-Payment
b)
Installment Credit
c)
Revolving Credit
24.
If you have bad credit, it maybe ...
a)
harder to obtain a mortgage loan
b)
ok
c)
likely for you to get a better paying job
d)
easier to get a credit card
25.
A credit score of 800 is considered _____
a)
Poor
b)
Fair
c)
Good
d)
Excellent
26.
Routinely paying my bills late could negatively affect my credit history.
a)
True
b)
False
27.
The more credit cards I have, the higher my credit score will be.
a)
True
b)
False
28.
A FICO Credit Score of 650 would be considered:
a)
Fair
b)
Good
c)
Excellent
d)
Very Bad
29.
A FICO Credit Score of 300 would be considered:
a)
Excellent
b)
Good
c)
Poor
d)
Very Bad
30.
How do you establish good credit?
a)
Pay your bills
b)
Cry a lot
c)
Pray
d)
Be a Co-Signer for someone's loan
31.
What is gross income?
a)
Income after taxes
b)
Income before taxes
c)
Income that is tax free
d)
Income tax for the state
32.
What is Net income?
a)
Income before taxes
b)
Income after taxes
c)
Income that is not taxed
d)
State taxes
33.
What does IRS stand for?
a)
Income ready standards
b)
Income research service
c)
Internet resource service
d)
Internal revenue service
34.
When should you fill out a W-4?
a)
When you quit a job
b)
When you have 401K benefits
c)
When you start a new job
d)
Whenever you feel like it
35.
Taxes are deducted from all employees paychecks
a)
true
b)
false
36.
Roads, police, schools, governmental agencies, fire and emergency services are all funded by taxes
a)
true
b)
false
37.
With this payment method, employers
put the employee’s paycheck into the authorized employee’s bank
account
a)
paycheck
b)
payroll card
c)
direct deposit
d)
all are the same
38.
If you worked 40 hours per week at $10 per hour, what is your gross income for the week?
a)
$227
b)
$4000
c)
$40
d)
$400
39.
If you worked 35 hours for the week at minimum wage, what is your gross income for the week?
a)
235.75
b)
$253.75
c)
$255.85
d)
$200.85
40.
True or False: Texas has a state income tax
a)
True
b)
False
41.
All investments carry some investment risk.
a)
True
b)
False
42.
All of the following are investment tools, except
a)
Stocks
b)
Bonds
c)
Mutual funds
d)
Groceries
43.
A debt security or IOU
a)
bond
b)
stock
c)
IRA
d)
401K
44.
This type of economy has almost complete government control.
a)
Traditional
b)
Command
c)
Market
d)
Anarchy
45.
This type of economy has little government control or interference.
a)
Traditional
b)
Command
c)
Market
d)
Anarchy
46.
An example of a command economy is:
a)
Free
b)
Capitalist
c)
Communist
d)
Anarchy
47.
Type of Economy that is half command and half market
a)
Traditional
b)
Command
c)
Market
d)
Mixed
48.
The study of how people seek ways to meet their wants and needs by making choices is called?
a)
Economics
b)
Scarcity
c)
Capitalism
d)
Entrepreneurs
49.
For the law of supply, as price rises, what happens to quantity supplied?
a)
it goes up
b)
it goes down
c)
it stays the same
d)
it is not effected
50.
For the law of demand, as price rises, what happens to quantity demanded?
a)
it goes up
b)
it goes down
c)
it stays the same
d)
it is not effected
100 %
