WorksheetsPersonal Finance Unit 3
Total questions: 23
Worksheet time: 16mins
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 set of versatile skills that she can apply to many personal and professional roles.
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.
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 this 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 any new tasks at work that me might be assigned.
One's lifestyle is to their standard of living as present is to:
Past
Recent
Future
Gift
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.
An example of a transferable skill is a skill _________.
Used in your job that you can acquired through pas jobs, volunteering, hobbies, school sports or other life experience.
That each employer requires you to learn.
That can only be used in an individual's job or career.
That is learned at one job and is required at other jobs as well.
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
Individuals with more formal educational training usually have ___________.
Higher estimated lifetime earnings.
Lower personal satisfaction.
Greater amounts of leisure time.
More comfortable work environments.
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 the careers.
Choose a training program that will guarantee employment after the course work is completed.
Career assessments help to identify _____________.
The job of an individual should have if she/he 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 interest.
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 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 suggested she do this?
Her counselor wants Zoe to find a career that will provide 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 a 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 allow occupational flexibility and provide for possible career advancement as she gains more experience working in her selected career.
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 the occupation should be considered before ruling 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.
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 watching TV while studying.
The busier you 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.
David plans to apply for college in 2 years. Her guidance counselor suggested that he being adding items to a College/Training application folder. Which item 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.
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's 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 if 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.
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 2 years in the 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
It is recommended that one's educational loans 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 has worked instead of continuing her/his education is called ______.
Debt-To-Income Ratio
Opportunity Cost
Benefit
Total Estimated Cost
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 when I currently live?
Will a job be available and will I earn enough money in my career to pay for the education and training it requires?
Direct Subsidized Stafford Loans offer some features that are different when compared to borrowing money from a bank to pay for college. Which is not a difference between a Direct Subsidized Stafford Loan and a typical bank loan?
Interest rates for Stafford loans ten to be higher because the loans are held for a relatively long period of time.
Stafford loans have deferment options.
Stafford loans typically have a grace period.
Student families must complete a FAFSA (Free Application for Federal Student Aid) in order to apply for a Stafford loan.
Sean plans to attend college in 2 years. He and his family have saved some money to help pay for it but he wants to explore ways he can receive money he won't have to repay. Which set of options should he explore?
Federal Perkins Loan, PLUS Loans, and Local Bank Loans
Federal Student Grants, PLUS Loans, and Scholarships
Pell Grants, Work-Study, and Scholarships
Work-Study, Scholarships, and PLUS Loans
