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WorksheetsDigital Literacy-Unit 6 Common Assessment (Final Exam) Review
Total questions: 80
Worksheet time: 3600secs
Which of these symbols is used for divide on a computer?
\
*
/
|
What performs a calculation in a spreadsheet?
formula
function
add
multiply
Which one of the following is the correct format for using reference intitials
R.I.
Ri
ri
r.i.
The name of the writer is located how spaces below the complimentary close in a Personal Business Letter
Single Space (SS)
Double Space (DS)
Triple Space (TS)
Quadruple Space (QS)
Which is the proper way to key the Dateline in a MEMO
10-16-18
10/16/18
October 16th 2018
October 16, 2018
When there are no punctuation marks after the salutation or complimentary close in a Personal Business Letter it is called
Open punctution
Mixed punctuation
No punctuation
Fixed punctuation
The Headings in Memos are keyed in
All Upper Case Letters
Lowercase Letters
Upper and Lowercase Letters
Mixed fonts
If a document accompanies the memo but is not attached to it you should use which notation
Attachment Notation
Enclosure Notation
Accompany Notation
No notation is required
The bottom margin in an Unbound Report is
0.5"
1"
1.5"
2"
Which is the correct format of a title for an Unbound Report
Unbound Report Title
unbound report title
UNBOUND REPORT TITLE
UNbound REport TItle
The correct spacing used for the paragraphs of an Unbound Report are
Single Space (SS)
Double Space (DS)
Triple Space (TS)
Quadruple Space (QS)
When formatting the references used for the Reference page which line should be indented
The first line of the reference
The second line of the reference
No indention is required
None of the Above
The spacing between the Memo Heading and Body is
Single Space (SS)
Double Space (DS)
Triple Space (TS)
Quadruple Space (QS)
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
Pasta and chicken are in the same food group because they both contain protein
Lack of sleep can weaken your immune system
Which method of commuting is most likely to reduce your need to go to the gym or get a treadmill?
Car
Bus
Walking
Car pooling
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 sometime"
"Let me tell you about my strengths, instead"
A resume is generally _______ page(s) in length
Two to five
Three
One
None of these
A budget can help you reach a financial goal by
Showing you how you can earn more income
Allowing you to see where you can cut back on spending
Giving you the tools to change more fixed expenses to flexible expenses
All of these
Which of the following utilities may be billed separately form your rent?
Water
Electricity
Phone service
All of these
The most important thing to consider when choosing an apartment is:
Whether or not pets are allowed
How many bedrooms there are
Whether or not the apartment is located on a bus line.
If you can afford to pay your rent and other costs on an ongoing basis
With this type of insurance, if you are involved in an accident both parties will be covered by their own insurance policies
Collision
No-fault
Comprehensive
Liability
This type of insurance pays to fix damages that you cause, but does not cover your own car:
No-fault
Collision
Liability
Comprehensive
A car and a computer are examples of what?
Secondary needs
Excess
Primary needs
None of these
The Better Business Bureau is:
A government agency in charge of recalls
A for-profit company that proactively investigates potentially fraudulent firms
A nonprofit consumer organization
A for-profit company that searches for the best businesses in your area
An overdraft fee:
Is a fee charged by a business when a check you write to them bounces
Is the minimum balance required to be held in a bank account
Is a fee paid to a payday loan company
Is the fee charged by a bank when your checking account balance goes below zero
Payday loans:
Are available from your local bank branch
Charge far more in interest than a typical credit card interest charge
Are the best way for young students to build up a good credit rating
Charge less interest than a typical bank does for interest on a loan
A business that gives you a loan is:
A credit bureau
A debt collection agency
A credit counseling agency
A creditor
You can best compare credit card offers by looking at these two features
APR and fees
Minimum payment and payment date
Principal and interest
Introductory rate and credit limit
To build up a good credit history, you should:
Get a Social Security Number if you do not already have one
Get as many credit cards as you can
Keep a balance near the maximum on each credit card to show full utilization.
All of these
A regular paycheck helps your credit score because:
It can be cashed and spent quickly
It has taxes pulled out
It shows you will not pay your bills on time
It indicates you are likely a good credit risk
Internships:
Are always paid
Can be paid or unpaid
Can never turn into a paid position
Always last for one year
What is the name of the leading provider of student loans, an organization founded in 1972 as a government sponsored agency, which is now a publicly traded company?
Freddie Mac
Sallie Mae
Ginnie Mae
Francis Mac
A good password:
Is an easily remembered number such as your phone number or Social Security Number
Should be used for all your online accounts, including ones you share with friends
Includes a combination of letters and numbers that are memorable and meaningful to you
Should be written down in your wallet so you will have it wherever you go
Taxes go to pay for:
Social Security 10%, National Defense 10%, and Medicare 12%
Social Security 50%, National Defense 50%, and Medicare 12%
Social Security 21%, National Defense 21%, and net interest 9%
Social Security 12%, Nation Defense 12%, and net interest 12%
Tax refunds:
Occur when a taxpayer's income tax payments, including withholding, exceed what they owe
Are distributed to all taxpayers if the government tax receipts exceed its spending
Come to taxpayers regardless of whether they file an income tax return or not
Are greater if you file your taxes in January, rather than April
FDIC is:
The real cause of the 1929 stock market crash
A government program that funds all interest payments for savings accounts
A government insurance program that will pay back account holders if the bank or lending instittution fails
A private corporation
Diversification is good because:
It focuses investments on a single stock to take advantage of growth potential
Mutual funds have higher fees than individual stocks
Interest rates rise and fall
It spreads the risk of investment
Your return with a diversified portfolio will:
Be exactly 11.3% every year
Rise and fall, but have less risk than a smaller number of stocks and a smaller number of sectors and asset classes
Fall if a single company in yhour portolio goes out of business
Beat absolutely every other investor
401K plans are so named because:
You can only contribute up to $401,000
Of the tax law that authorizes them
Over 400,000 people have taken advantage of them
None of these
Why is it not a good idea to make early withdrawals from your 401K?
You usually have to pay a strict penalty
You cannot put the money back in once you take it out
You will lose your tax-deferred status on the entire account
You will only get 10% of what you withdraw
A simple formula for finding your equity in your home is:
Purchase price of your home minus outstanding loan balance
Down payment plus sum of mortgage payments due
Market value of your home minus outstanding loan balance
None of these
A deductible is:
The discount you deduct from your premimum
The amount you pay when you file an insurance claim
The amount that is deducted when you buy a policy
The discount received by a health care provider
The Dow Jones Industrial Average is a collection of:
Thirty U.S. stocks
Thirty municipal bonds
Thirty globally divers stocks
Thirty U.S. industries
True or False: Eating one large meal per day is the best way to maintain your health.
True
False
True or False: 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
True or False: It is generally better to concentrate your exercise time on the weekends only for maximum aerobic benefit
True
False
Yes or No: 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 the car?
Yes
No
True or False: Jobs require either specific education or specific work experience, but not both.
True
False
Which of the following is an example of irregular income?
A full-time job
A part-time job
A graduation gift
Both b and c
Which of the following utilities may be billed separately form your rent?
Water
Electricity
Phone service
All of these
How much of your take-home paycheck should be budgeted for base rent?
20%
30%
40%
50%
Which of the following are considerations in choosing an apartment?
Cost
Proximity to work
Availability of mass transit
All of these
Oh no! Someone stole your credit card and charged $2,500 worth of purchases before you even knew the card was missing. How much of the unauthorized charges can you be required to pay?
0
$50
$250
$2,500
Banks offer "points" or "rewards" because:
They have excess profits and want to distribute some of those profits to customers
They like to make your life more fun
You will be more likely to switch to the bank offering "points" or "rewards" because you fell you are getting "something for nothing"
They want you to practice good saving habits
All of these
Cleared checks:
Are available as online images for you to refer to, or as reduced images sent with each monthly statement
Must be destroyed so that they don't get cashed again
Should be used to notify the people you wrote the check to, since they haven't cashed the checks yet
Are automatically redeposited if the check image is lost
True or False: Improving your credit score will let you get lower interest rates on loans
True
False
True or False: Student loans often don't require you to start paying them back until after you've completed the course(s).
True
False
True or False: The federal government offers tax breaks for people saving for education.
True
False
True or False: A job may require a specific training course to be completed
True
False
The most secure Internet access is available through:
Cable modem, DSL, or dial-up Internet
Wi-Fi at a coffee house
Wi-Fi at a public library
Wi-Fi at a home
Taxes go to pay for:
Social Security 10%, National Defense 10%, and Medicare 12%
Social Security 50%, National Defense 50%, and Medicare 12%
Social Security 21%, National Defense 21%, and net interest 9%
Social Security 12%, Nation Defense 12%, and net interest 12%
The federal government
Is the national government of the U.S. that takes in taxes and funds such programs as maintaining interstate highways and the military
Does not supply Social Security cards
Is not allowed to tax income
Is the national government of the U.N. that are responsible for taxes and funds such programs as maintaining interstate highways and humanitarian needs
A paycheck has withholding tax taken out:
If a person earns more than $600 a year
That is paid to state and federal taxing authorities
That is automatically refunded to workers even without filing a 1040EZ form
That is always equal to $9.54
What is the official retirement age, according to the U.S. government
59
65
70
None of these
Social Security replaces about what percent of most people's pre-retirement income?
70%
40%
100%
None of these
If you are a self-employed professional, which plan would work for you?
Employer-sponsored 401K
Traditional pension plan
Keogh Plan
Plough Plan
When planning to buy a home, your monthly housing related costs should not exceed what percentage of your monthly gross income?
24%
28%
36%
34%
Your total debt from all loans should not exceed what percentage of your gross monthly income?
16%
26%
36%
46%
A "point" on a loan equals:
0.1% of the loan amount
1% of the loan amount
10% of the loan amount
2% of the loan amount
True or False: You always want the lowest possible deductible because it means you will pay less out of pocket in case of a loss
True
False
if you crashed your car into a house, which kind of insurance would you use
Homeowners insurance
Renters insurance
Disability insurance
Auto insurance
If your MP3 player is stolen from your apartment, what type of insurance would it be covered under?
Auto insurance
Homeowners insurance
Renters insurance
Life insurance
Life insurance is NOT used for:
Burial expenses
Investing in the stock market
Providing for dependents
Payment to policy holder
