WorksheetsDollars and Sense 1st 6 Weeks Test Review
Total questions: 40
Worksheet time: 20mins
Monthly rent payments are an example of a(n) ____________ expense.
fixed
variable
discrentionary
emergency
Cash and savings that can be converted to cash quickly and easily are:
current assets
current liabilities
fixed assets
long-term liabilities
The amount of money that can be easily accessed in case of a job layoff, illness, or unexpected expense is called:
short-term goal
long-term goal
emergency fund
liability
A personal financial strategy that can help you save money:
short-term goal
long-term goal
emergency fund
pay yourself first
The difference between what is owned and what is owed:
budget
net worth
cash flow
income
A goal that may take several years to achieve:
short-term goal
long-term goal
A major problem that changes a person or family's lifestyle and future:
liability
emergency fund
personal financial crisis
social responsibility
Behaving with sensitivity to social, environmental, and economic issues.
life span
variance
wealth
social responsibility
An item of value that is owned is a(n):
liability
asset
Tangible items that can be touched, used, and purchased are ____________.
goods
services
wants
needs
Which of the following is an example of a human resource?
time
money
knowledge
possessions
What is the first step of systematic decision-making?
Explore the alternatives
Evaluate the decisions
Act on the decision
Define the decision to be made
The correct order for the three stages of management are:
evaluation, planning, and action
planning, action, and evaluation
planning, evaluation, and action
action, evaluation, and planning
Forms of communication designed to reach a large number of people refers to:
technology
media
social media
globalization
Food, clothing, and shelter are examples of:
wants
needs
Moral principles or beliefs that direct a person's behavior are:
Ethics
Values
Standards
Needs
Money paid for the use of money is:
inflation
recession
interest
economic condition
The opportunity cost is the value of the option you gave up.
True
False
Eating one large meal per day is the best way to maintain your health.
True
False
Which of these is not a result of regular exercise?
Preventing weight gain
Causing your heart to wear out faster
Helping reduce your stress levels
Helping you to stay mentally alert
Time management can help you:
Reach your long-term and short-term goals
Minimize stress from feeling too busy
Balance work, rest, and recreational activities
All of the above
On average, the ideal amount of sleep for most adults is:
4-5 hours
5-6 hours
7-9 hours
10-12 hours
In managing time, health and work, which of the following goals is most sensible?
Pick the factor you care the most about; maximize that one and ignore the others
Try to find a balance
Let whatever happens happen
Which of the following is a true statement?
Short-term goals are more important than long-term goals
You should eat more of the foods at the top of the food pyramid
Lack of sleep can weaken your immune system
Pasta and chicken are in the same food group because they both contain protein
When starting out a career, you should always work at least two jobs so that you can accumulate money for investing and long-term growth.
True
False
If owning a car costs you $350 per month but allows you to work a second job that provides take home pay of $125 per week, is it worth it financially to have a car?
Yes
No
You have planned activities of 30 minutes, 15 minutes, 1.5 hours, and .75 hours. How many total hours of activity do you have planned?
1
2
2.5
3
For job A, you work 8 hours per day on the weekends. For job B, you work 4 hours a day on weekdays. The jobs pay the same hourly rate. Which pays more per week?
Job A
Job B
They pay the same
Can't tell
An associate degree is a:
4-year degree
2-year degree
6-year degree
None of these
Aptitude refers to:
A fixed compensation paid regularly for services
Acquired skills or talents
A milestone one makes in bettering one's career
An inherent talent or ability
In an interview, an appropriate response to "What is an example of one of your weaknesses?" could be:
"I am forgetful, at times"
"I really don't have many"
"I am too hard on myself sometimes"
"Let me tell you about my strengths, instead"
Which factor is most important in securing well-paying jobs throughout your career?
Having a car
Having a good education
Having a clean driving record
Having established credit
A resume is generally ______ page in length.
1
2-5
3
Any of these page counts
Jobs require either specific education or specific work experience, but not both.
True
False
You find a job that pays $11.25 per hour. You plan to work a 40-hour week. What will your weekly gross pay be?
$400
$450
$500
$550
If you work an 8 hour shift on each weekend day and take two weeks off during the year, how many hours will you work in a year?
800
880
900
960
You earn $420 per week. You pay social security taxes of 7.65%, federal taxes of 22%, and state taxes of 5.95%. What is your take home pay?
$234.65
$243.99
$265.43
$270.48
Job A pays $13 per hour. Job B pays $11 per hour, but has health benefits. Health insurance costs $3,400 per year. You expect to work 2,000 hours during the year. Ignoring taxes, which job will leave you with more money at the end of the year?
Job A
Job B
Can't tell
Based on your knowledge of taxes, you estimate that your net pay will be 66% of your gross pay. You think you will need $250 per week after taxes to get by. What annual gross salary will you need?
$15,667.67
$16,789.22
$19,696.97
$21,432.64
In a job interview, it is best to broach the topic of salary:
At the end of the interview; or wait until the subject is brought up
Never, because it is considered tactless and unprofessional
At the beginning of the interview
None of these
