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JAG Final Exam Review

Total questions: 35

Worksheet time: 19mins

Name
Class
Date
1.

Why is it important to establish positive credit history?

a)

Higher credit scores result in lower interest rates on loans

b)

You are more likely to be offered a loan by a bank

c)

Positive credit history results in higher credit scores

d)

All of the apply

2.

How long will a negative credit action usually remain on a credit report?

a)

4 years

b)

11 years

c)

7 years

d)

15 years

3.

What is important in establishing good credit?

a)

Making payments on time

b)

Being late on payments

c)

Spending 100% of your credit limit

d)

Missing a payment

4.

Another name for credit bureau is ...

a)

reporting agency

b)

credit reporting agency

c)

credit history

d)

credit union

5.
Your credit score falls between what range?
a)
300 - 800
b)
300 - 850
c)
350 - 800
d)
350 - 850
6.
The 3 credit bureaus that determine your FICO score are:
a)
Equifax, Transunion, and Experian
b)
Transamerican, Equality, Experience
c)
Transparcel, Equin, Faxqui
d)
Crederian, Equiunion, Experfax
7.
How is credit used?
a)
 Employers may check job applicants' credit.
b)
Before renting an apartment, the landlord will check the prospective tenant's credit.
c)
If you apply for a cell phone or credit card, your credit will be checked. 
d)

All Apply

8.

A Soft Credit Inquiry is...

a)

Occurs where you check your own credit or a lender checks your credit to pre-approve you

b)

Occurs when a lender checks your credit in order to make a lending decision

c)

Occurs when a lender pulls your credit using silk gloves

9.

A Hard Credit Inquiry is...

a)

Occurs where you check your own credit or a lender checks your credit to pre-approve you

b)

Occurs when a lender checks your credit in order to make a lending decision

c)

Occurs when a lender pulls your credit using a hammer

10.

The person who agrees to pay back a loan if the borrower is unable to do so; people without an established credit rating need one.

a)

cosigner

b)

principal

c)

collateral

d)

life insurance

11.

What is a credit report?

a)

A detailed report of an individual's credit history prepared by a credit bureau and used by a lender in determining a loan applicant's creditworthiness

b)

A detailed report of a bank's credit history prepared by a credit expert and used by consumers in determining a bank's creditworthiness

c)

A report which shows which credit cards are better than others

d)

A report invented by Allan Greenspan and credited to Al Gore

12.

Why do lenders request to look at your credit report before you can borrow money?

a)

They can interpret your values and character based on your everyday purchases and assess your creditworthiness

b)

They want to see how much money you have money you have in savings for the product you want to purchase

c)

They want personal information, such as your high school and college GPAs, to deem creditworthiness

d)

They want to see how responsible you are in making payments on existing debt

13.
This leader encourages group members to participate, but retains the final say over the decision-making process.
a)
Autocratic
b)
Democratic
c)
Open/Laissez-Faire
d)
Situational
14.

This leader offers little or no guidance and leaves decision- making up to the group.

a)

Autocratic

b)

Democratic

c)

Open/Laissez-Faire

15.

A leadership style characterized by individual control over all decisions and little input from group members is:

a)

Paternalistic leadership

b)

Autocratic leadership

c)

Democratic leadership

d)

Situational leadership

16.

When working in a team, what is it called when you all come up with as many ideas as you can and don't think about how good or bad the ideas are?

a)

Team Building

b)

Group Decision Making

c)

Brainstorming

d)

Sorting Ideas

17.

Things in life that are important or meaningful to you are called

a)

identities

b)

lifestyles

c)

values

d)

central life activities

18.

Leadership is best defined as ________.

a)

the ability to merely project one's abilities in the lack of actual accomplishments

b)

the ability to reduce the dependence of team members on each other

c)

the ability to induce the team members to focus on individual goals rather than collective goals

d)

the ability to influence a group toward the achievement of a vision or set of goals

19.

Assigning tasks and/or responsibilities to group member is called

a)

defining

b)

deassigning

c)

describing

d)

delegating

20.

How is GPA calculated?

a)

Total number of points received from grades in each class

b)

Total number of points received from grades in each class

c)

Average percentage grade from each class

d)

Total number of GPA points divided by the number of classes

21.

A course that is more difficult is worth more points toward your GPA . This is known as what type of GPA?

a)

advance

b)

weighted

c)

accelerated

d)

unweighted

22.

On a standard grading scale, a final grade of a "C" equates to how many numerical points?

(a)  

23.

What is a "Class Rank?"

a)

the measure of a student's academic performance compared to other students in his or her class

b)

All Apply

c)

It gives me a cumulative total of all my grade

d)

It tells me my GPA average

24.

On a standard grading scale, a final grade of an "F" equates to how many numerical points?

(a)  

25.

This is based solely on the grades and not the difficulty of the courses.

a)

GPA

b)

Unweighted GPA

c)

Weighted GPA

d)

class rank

26.

Outlines the expectations of a course.

a)

course syllabus

b)

course outline

c)

course objective

d)

course policies

27.

A number added to letter grades to calculate your GPA.

a)

Semester GPA

b)

Points

c)

Grade Points

d)

a) Grade Point Average

28.

Represents the overall GPA of all your classes throughout high school.

a)

Weighted Average

b)

Cumulative Grade Point Average

c)

Semester Average

d)

Grade Point Average

29.

People with a ________ believe that some things should come easily for some people. They believe that someone who has a natural ability toward something will not have to work hard.

a)

Fixed Mindset

b)

Both a fixed and growth mindset

c)

Positive Mindset

d)

Growth Mindset

30.

What information do you add together and divide to identify your semester average?

a)

Q1 & F1

b)

Q1 & R1

c)

Q1 & Q2

d)

Q1 & S1

31.

Provides an official permanent record of a learner's academic performance for high school credit courses over four years.

a)

cumulative record

b)

grade point average

c)

syllabus

d)

transcript

32.

A type of letter written by someone who can vouch for an individual's work or academic performance.

a)

formal

b)

business

c)

recommendation

d)

signature

33.

Behavior that gets in the way of achieving a goal.

a)

self-discipline

b)

self-defeated

c)

self-advocacy

d)

self-regulated

34.

People with a _________ believe that effort and hard work is a way to improve and be good at something.

a)

Fixed Mindset

b)

Positive Mindset

c)

Fix & Growth Mindset

d)

Growth Mindset

35.

When do you start building your GPA?

a)

Your GPA begins the last day of your middle school year.

b)

Your GPA begins the first day of your senior year.

c)

Your GPA begins your (9th grade) freshman year of high school

d)

Your GPA begins your (10th grade) sophomore of high school