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Finance Career Cluster

Total questions: 23

Worksheet time: 5hrs 17mins

Name
Class
Date
1.

Fixed cost are the costs that a business has to pay on a regular basis, like every month.

a)

a. True

b)

b. False

2.

_____ Costs are for things that a business may need sometimes, but not always.

a)

a. Variable

b)

b. Fixed

c)

c. One-time

d)

d. Never

3.

Which of the following is NOT a source of income for a business?

a)

a. Product Sales

b)

b. Investments

c)

c. Savings

d)

d. Debt

4.

Which of the following is NOT an example of a fixed cost for a business?

a)

a. Rent

b)

b. Internet Access

c)

d. Employee Salaries

d)

d. Computer Repair

5.

To find out if a company is profitable, subtract the company's expenses from the company's income.

a)

a. True

b)

b. False

6.

______ costs are those that a business may need sometimes, but not always.

a)

a. Variable

b)

b. Fixed

c)

c. One-time

d)

d. Never

7.

______ is extra money paid to you for letting the bank hold your money in an account.

a)

a. Interest

b)

b. Withdrawal

c)

c. ATM

d)

d. Deposit

8.

_____ is an organization that gets students ready to succeed in the business community by preparing them for careers and offering leadership experiences.

a)

a. DECA

b)

b. FFA

c)

c. FBLA

d)

d. Spanish Club

9.

By the year 2024, the Finance career cluster anticipates employing approximately 16,500 employees in Virginia.

a)

a. True

b)

b. False

10.

From now until 2024, Virginia will experience a _____ growth in the Finance Career Cluster

a)

a. 5%

b)

b. 11%

c)

c. 9%

d)

d. 7%

11.

As a workplace skill, mathematics means using mathematical reasoning to accomplish tasks.

a)

a. True

b)

b. False

12.

Which of the following means abiding by workplace policies and laws and demonstrating honesty and reliability?

a)

a. Integrity

b)

b. Teamwork

c)

c. Positive work ethic

d)

d. Customer Service

13.

Professionals in the _____ Pathway, record, classify, summarize, analyze, and communicate a business's financial information and business transactions for use in management decision-making

a)

a. Accounting

b)

b. Banking Services

c)

c. Insurance

d)

d. Business Finance

14.

An Auditor is part of which of the following Finance Pathways?

a)

a. Accounting

b)

b. Banking Services

c)

c. Insurance

d)

d. Business Finance

15.

Professionals in the _____ Pathway protect individuals and businesses from financial losses by delivering services that transfer risk from an individual or business to an insurance company.

a)

a. Securities and Investments

b)

b. Banking Services

c)

c. Insurance

d)

d. Business Finance

16.

Which of the following careers in the Finance Career Cluster requires a Master's Degree?

a)

a. Financial Manager

b)

b. Bank Teller

c)

c. Customer Service Representative

d)

d. Tax Preparer

17.

In which pathway do professional work for brokerage firms, investment bands, and stock exchanges, all of which support the flow of funds from investors to companies and institutions?

a)

a. Securities and Investments

b)

b. Banking Services

c)

c. Insurance

d)

d. Business Finance

18.

Professionals in the Securities and Investments Pathway are part of financial services including financial planning, asset management, hedge fund management, and custody services.

a)

a. True

b)

b. False

19.

Professionals in the _____ Pathway function in a company to manage policy and strategy for different sources of funding, budgeting, acquisition and investment, financial planning, funding, dividends, and taxation.

a)

a. Accounting

b)

b. Banking Services

c)

c. Insurance

d)

d. Business Finance

20.

Which of the following jobs does NOT require at least a Bachelor's Degree?

a)

a. Customer Service Representative

b)

b. Financial Manager

c)

c. Accountant

d)

d. Auditor

21.

A professional in the ______ Pathway accepts deposits, lend funds, and extend credit.

a)

a. Securities and Investments

b)

b. Banking Services

c)

c. Insurance

d)

d. Business Finance

22.

Banking services are only delivered through traditional institutions like commercial banks.

a)

a. True

b)

b. False

23.

_____ includes such activities as bookkeeping, systems design, analysis, and interpretation of accounting information.

a)

a. Accounting

b)

b. Banking Services

c)

c. Insurance

d)

d. Business Finance