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OCS Lab Final Exam

Total questions: 56

Worksheet time: 9hrs 20mins

Name
Class
Date
1.
What kind of career might you choose if you like to build and fix things?
a)
toy maker
b)
architect
c)
fashionista
2.
What could you be if you liked to use a computer?
a)
a data base administrator
b)
a school counselor
c)
a physicist
3.
Which career requires you to work with food?
a)
agriculture and food scientist
b)
podiatrist
c)
food service manager
4.
If you like to serve your community, a good career choice would be
a)
a school or career counselor.
b)
a band member.
c)
a court reporter
5.
If you often find yourself imagining yourself singing, dancing, or acting, you may be a(an)
a)
cartoon animator
b)
software developer
c)
entertainer
6.
Perhaps you are very athletic. You may want to pursue a career as a (an)
a)
Sports Authority franchise owner
b)
Under Armor executive
c)
coach
7.
If plants, or life, or the solar system fascinate you, you could be a great
a)
scientist
b)
florist
c)
teacher
8.
Careers in Health Care include a
a)
Social Worker
b)
Pharmacist
c)
Microbiologist
9.

Which word is different?

a)

guitar

b)

group

c)

singer

10.

Which word is different?

a)

bad

b)

great

c)

horrible

11.

Is there __________ juice in the cup?

a)

any

b)

some

c)

one

12.

Goods or services that are required for survival are called

a)

opportunity costs

b)

Trade - Offs

c)

Needs

d)

Wants

13.

Rent is defined as:

a)

the cost of using someone else’s property

b)

the fee charged for performing property management tasks

c)

an advance payment for costs beyond normal wear and tear

d)

the purchase price of a housing unit

14.

______________is feeling good about one’s life.

a)

a Lease

b)

Amenity

c)

Contentment

d)

Well - Being

15.

Giving up one thing for another is called________________

a)

A Rental Agreement

b)

A Trade off

c)

Need

d)

Want

16.

A _________________________ is something a person intends to acquire, achieve, or accomplish in the future.

a)

Opportunity Cost

b)

Value

c)

Goal

d)

Decision

17.

A plastic card that is electronically connected to the cardholder’s bank account is called a

a)

Debit Card

b)

Credit Card

c)

ID Card

d)

Driver's License

18.

______________________ is the cost for using someone else’s money.

a)

Late Fee

b)

Collateral

c)

Processing

d)

Interest

19.

Money demanded by the government to support the government itself as well as specific facilities and services are called _____________________

a)

Taxes

b)

Bills

c)

Laws

d)

Fees

20.

The regular schedule that employers pay their employees is called the __________.

a)

Workers' Compensation

b)

Pay Period

c)

Employee Benefits

d)

Employer Contribution

21.

Who is Medicare designed to help?

a)

Unemployed Workers

b)

Single Parents

c)

Senior Citizens

d)

Children of Unemployed Parents

22.

Who is Medicaid designed to help?

a)

Low Income Families

b)

Single Parents

c)

Unemployed workers

d)

Children of Unemployed parent

23.

When income is greater than expenses you have

a)

Gross Income

b)

Expense

c)

Net Gain

d)

Net Loss

24.

The average cost of basic necessities, such as housing and food for a particular city is call the:

a)

Standard of Living

b)

Lifestyle

c)

Cost of Living

d)

Economy of Living

25.

_____________________ are items of value that a person or household owns.

a)

Expenses

b)

Net Income

c)

Assets

d)

Salaries

26.

Money spent is called ___________________.

a)

Assets

b)

Expenses

c)

Income

d)

Profit

27.

Money received is called _______________________.

a)

Security

b)

Expenses

c)

Income

d)

Wealth

28.

The desire for goods and services that can increase our quality of life but are not absolutely necessary for our survival are called __________

a)

Opportunity Cost

b)

Trade - Offs

c)

Needs

d)

Wants

29.

An account offered by a bank that is designed to hold money not spent on current consumption.

a)

Savings Account

b)

Bond

c)

Certificate of Deposit

d)

Checking Account

30.

WHAT ARE THE PARTS OF A SMART Goal?

a)

Smart, Marketable, Attitude, Realistic, Time -Bound

b)

Specific, Measurable, Attainable, Time , Racoon

c)

Specific, Museum, Attainable, Race, Tick

d)

Specific, Measurable, Attainable, Realistic, Time Bound

31.

What are the 5 domains of Well - Being? (Select All that apply)

a)

Physical

b)

Emotional

c)

Financial

d)

Social

e)

Intellecutal

32.

Your ___________ Self Impacts Your ___________ Self.

a)

Present, Future

b)

Tomorrow, Today

c)

Yesterday , Next week

d)

Crazy , Sane

33.

__________________ are Businesses that provide financial services

a)

Compounding Interest

b)

Depository Institutions

c)

Savings Tools

d)

Monetary Assets

34.

_____________ is the measure of wealth

a)

Net Worth

b)

Income

c)

Monetary Assets

d)

Interest

35.

____________________is the Price paid for using someone else’s money

a)

Compounding Interest

b)

Job

c)

Interest

d)

Transferable Skills

36.

_________________________ Money received such as wages earned from working for pay

a)

Monetary Assets

b)

Job

c)

Transferable Skills

d)

Income

37.

_______________________Can be quickly and easily converted into cash.

a)

Monetary Assets

b)

Net Worth

c)

Transferable Skills

d)

Human Capital

38.

_____________________ is An activity through which an individual can earn money

a)

Human Capital

b)

Job

c)

Transferable Skills

d)

Compounding Interest

39.

The skills, knowledge, and experiences possessed by an individual is called _______________________

a)

Transferable Skills

b)

Job

c)

Human Capital

d)

Interest

40.

Versatile skills that are applied to personal and professional roles are called: _____________________________

a)

Human Capital

b)

Monetary Assets

c)

Job

d)

Transferable Skills

41.

____________ are secure and liquid accounts offered by depository institutions assisting in the management of a savings fund.

a)

Savings Tools

b)

Monetary Assets

c)

Income

d)

Net Worth

42.

Earning Interest on Interest

a)

Interest

b)

Compounding Interest

c)

Income

d)

Monetary Assets

43.

A FARMER is a job that fits under which career cluster:

a)

Agriculture, Food and Natural Resources

b)

Architecture & Construction

c)

Arts, A/V Technology, and Communications

44.
  __________are the only way colleges, employers, and others in positions of authority can objectively measure your performance.
a)
Grades
b)
Rumors
c)
Interviews
d)
Guesses
45.
people who can tell a potential employer why you are qualifiedfor a job
a)
references
b)
sister
c)
cover letter
46.
identifying your own interests and abilities
a)
extracurricular
b)
self-assessment
c)
Stuart Cramer
47.
one- or two-page summary of a person’s work experience andeducation
a)
self-assessment
b)
job interview
c)
resume
48.

The ability to perform a task based on training and experience.

a)

Ability

b)

Job

c)

Series

d)

Skill

49.

A temporary paid or unpaid position that involves direct work experience in a career field.

a)

pursue

b)

internal

c)

internship

d)

interests

50.

Having an idea of what you want to be when you grow up is important.

a)

true

b)

false

51.

ALL careers need college.

a)

true

b)

false

52.

A : ________ does the teacher work?

B : In the school.

a)

Who

b)

What

c)

Where

d)

Why

53.

Which is the answer for ASSOCIATES DEGREE?

a)

is a certificate earned after finishing high school and then a 2 YEAR COLLEGE

b)

is a certificate earned after finishing high school and then a 4 YEAR PROGRAM AT A COLLEGE OR UNIVERSITY

c)

is a certificate earned after finishing high school, earning a Bachelors Degree and completing a GRADUATE PROGRAM (USUALLY MORE YEARS) AT A COLLEGE OR UNIVERSITY

d)

is specialized education needed BEYOND A MASTERS DEGREE

54.

Which is the answer for BACHELORS DEGREE?

a)

is a certificate earned after finishing high school and then a 4 YEAR PROGRAM AT A COLLEGE OR UNIVERSITY

b)

is a certificate received when you finish high school.

c)

is a certificate earned after finishing high school, earning a Bachelors Degree and completing a GRADUATE PROGRAM (USUALLY MORE YEARS) AT A COLLEGE OR UNIVERSITY

d)

is specialized education needed BEYOND A MASTERS DEGREE

55.

Which is the answer for MASTERS DEGREE?

a)

is a certificate earned after finishing high school, earning a Bachelors Degree and completing a GRADUATE PROGRAM (USUALLY MORE YEARS) AT A COLLEGE OR UNIVERSITY

b)

is specialized education needed BEYOND A MASTERS DEGREE

c)

is permission from the government or other authority to do a job or task such as Cosmetology (hair dresser).

d)

is usually given after completing a specialized course or program such as an electrician or welder.

56.
An occupation undertaken for a significant period of a person’s life and with opportunities for progress
a)
Career
b)
Job
c)
Something to do
d)
future 

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