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WorksheetsPersonal Finance 3.0
Total questions: 21
Worksheet time: 11mins
Which of the following statements 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 advisor to ‘develop some human capital’ this school year.
Which activity below 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.
One’s Lifestyle is to their Standard of Living as present is to _?
Past
Gift
Future
Recent
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.
Will have a set a versatile skill that she can apply to many personal and professional roles.
Will not have as much time to develop her human capital.
Use her available hours outside of school for paid employment rather than volunteering.
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.
Human capital and transferable skills result from formal training.
Education pays in higher earnings and lower unemployment rates.
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 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 is learned at one job and is required at other jobs as well
that each employer requires you to learn
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:
a. salary
b. human capital
c. family
d. interest inventory
Individuals with more formal educational training usually have:
a. higher estimated lifetime earnings
b. lower personal satisfaction
c. greater amounts of leisure time
d. more comfortable work environments
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.
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?
a. The future outlook for physical therapy jobs
b. The amount of money physical therapists earn
c. Common tasks and typical daily activities
d. Opportunities for advancement in the 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 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:
a. the job an individual should have if he/she wants high well‐being
b. positions available in a particular occupation
c. fastest and slowest growing careers in a particular occupation
d. possible career areas related to one’s interests
In order to make an informed career decision, a high school student will want to:
develop personal goals, complete a career assessment, and research careers
choose a training program that will guarantee employment after the course work is completed
choose a career that offers the amount of money desired
commit to a profession that requires a college degree
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.
Which statement is TRUE regarding college‐level expectations for studying and completing projects?
It is best to study alone in a quiet environment.
Plan backwards from major deadlines.
Multi‐tasking 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.
Erin has been in college for 2 years and has decided that the major she has been studying isn’t for her. Changing her major and/or her college could result in:
a well‐rounded college degree
the need for backwards planning
losing credits for classes she has already taken
remediation courses to make up for the change in majors
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
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?
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?
Is there a career pathway available if I continue my education and training?
What kind of training and education do I need and how much will it 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 in 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:
SMART goal
Debt‐to‐income ratio
Opportunity cost
Career pathway
The of continuing your education is the money you would have earned if you have worked instead.
Opportunity cost
Benefit
total estimated cost
Debt‐to‐income ratio
It is recommended that your educational loan payments require no more than 10‐15% of your estimated starting income. To calculate this amount, students need to calculate the of their education and training.
Debt‐to‐income ratio
Opportunity cost
Career pathway
Benefit
