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WorksheetsFinancial Literacy Chapter 3 Test
Total questions: 20
Worksheet time: 10mins
You will find satisfaction in your work if it is something you ______.
Enjoy and find purpose in
Hope to get promoted in
Get paid a lot for even if you don't enjoy it
Work from home
What percentage of high school and middle school students plan to start their own businesses some day?
10%
25%
30%
40%
An entrepreneur is someone who ____ and _____ his or her own business.
conducts; evades
starts; runs
manages; circumvents
closes; opens
Find a job or a career that blends two things:
Something you love to do and something that makes a lot of money
Something you're good at and something you love to do
Something that makes a lot of money and is tolerable
Something that you have experience in already and something that is easy
Having a college degree guarantees you a job.
True
False
A _______ is made up of what you will get paid and your benefits.
Benefits enrollment plan
Human resources provider plan
Compensation package
Complimentary package
Research indicates that if you earn a college degree, you could make anywhere from _____ to _____ more per year.
$5,000 - $10,000
$7,000 - $15,000
$10,000 - $17,000
$15,000 - $30,000
How can you learn about the job you think you want to do?
Read an article about the job you're interested in
Avoid researching any other job possibilities
Go to the library and research periodicals
Find someone who is doing the job you think you want to do and ask them about it
The first thing to do is to figure out a business idea that will make _____.
money
opportunities
more businesses
commission
A great place to find information on jobs is the _______.
Internet
Phone book
Job Opportunity Management System
American Job Enterprise Search Engine
The amount of money you get to take home after taxes and deductions is called what
Net worth
Income
Take-home pay
Profit
The charge or fee for going to a school/college/university
Scholarship
Tuition
College Expense
A lot of money
A "good" credit report or a high credit score doesn't mean you have a lot of money or you are good with money. It just means you have _____.
Savings
Checks
Debt
Credit
If you pay with _____, you won't have to worry about paying anything else later.
Cash
Debt
Credit
Credit card
A person or company who loans money
Rich people
Credit
Bank
Lender
Financial aid that does not need to be repaid, awarded on the basis of academic, athletic, achievement, or other criteria.
Scholarship
Free money
Grant
Student Loan
An unlimited amount of wants but limited resources is called a ______.
Liability
Big problem
Consumer
Scarcity
Anything of value that is owned by an individual is a(n) _______.
Asset
Liability
Investment
Expense
There are 5 foundations of saving money. What is the first one?
Get out of debt
Pay cash for your first car
Build wealth and give
Save a $500 emergency fund
What percentage of personal finance is behavior?
10%
20%
80%
90%
