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BIM 1 - Final Exam Review

Total questions: 50

Worksheet time: 25mins

Name
Class
Date
1.

The ______ pane can be used to search for text within a document.

a)

Go To

b)

show/hide

c)

editing

d)

navigation

2.

Page setup and orientation options are found on the _____ tab on the ribbon.

a)

home

b)

insert

c)

layout

d)

references

3.

A standard document format for documents downloaded from the web is the _____ format.

a)

PDF

b)

plain text

c)

XPS document

d)

rich text format

4.

The em dash (—) is an example of a ________.

a)

character

b)

equation

c)

special character

d)

symbol

5.

The Clear All Formatting button looks like the letter A with an _______.

a)

font

b)

eraser

c)

character

d)

symbol

6.

To easily convert text to tables, text columns should have a common _________between them.

a)

tabs

b)

separator

c)

divider

d)

space

7.

Common separators or delimiters used when converting a table to text include________.

a)

text

b)

tabs

c)

convert

d)

spaces

8.

A numbered list is best suited for steps that need to be done in______.

a)

order

b)

line

c)

alphabetical

d)

list

9.

It is best to use ________ styles to get a table of contents to build easily.

a)

subtile

b)

strong

c)

heading

d)

normal

10.

Endnotes appear at the end of a _______ while footnote appear at the end of a page.

a)

paper

b)

file

c)

folder

d)

document

11.

Shapes are added through the ________ tab on the ribbon.

a)

insert

b)

layout

c)

view

d)

design

12.

To match the text formatting from one shape to another, use the _________ option.

a)

edit shape

b)

format painter

c)

edit shape

d)

text design

13.

Comments for review are shown in ________ on the right side of the screen.

a)

dialog box

b)

circle

c)

balloons

d)

left side

14.

When deleting comments, one can delete a _________ comment, or one can delete all comments at once.

a)

double

b)

single

c)

triple

d)

none at all

15.

The Format Paint _________ a format from one block to text to another.

a)

copies

b)

paste

c)

cut

d)

delete

16.

Which type of bank account is best for everyday transactions?

a)

Checking account

b)

savings account

c)

Money Market Account

d)

Certificate of Deposit

17.

What should you do before you withdraw money from the ATM?

a)

Ask someone nearby for help using the ATM.

b)

Find a hidden ATM so no will see you withdraw money.

c)

Inspect the ATM to make sure it wasn't tampered with.

d)

Share your pin number with trusted friends so you don't forget it.

18.

If there is an issue with your bank statement or account balance, who should you contact to resolve the issue?

a)

The local police station

b)

your bank

c)

The CFPB

d)

All of the above.

19.

A________ is a share of ownership in a company?

a)

Bond

b)

Stock

c)

Mutual Fund

d)

Money Market account

20.

What should you do before you approach an ATM?

a)

Make sure it is hidden so no one will see you withdraw money.

b)

Ask someone nearby for help using the ATM

c)

Share a picture of you debit card with your friends

d)

Check for any suspicious people lurking nearby.

21.

What is net pay?

a)

The amount you pay earned for the total numbers of hours worked.

b)

The amount of money you’re paid after all taxes and deductions are taken out of your paycheck.

c)

The amount of money you're paid before all taxes and deductions are taken out of your paycheck.

d)

Your gross pay plus and bonuses.

22.

What do taxes pay for?

a)

Schools, government departments, roads, and emergency services.

b)

Privately-owned businesses.

c)

Operation of finacial institutions

d)

None of the above

23.

Your employer sends you a _______ form that tells your how much you've made and how much you've paid in taxes in the last year.

a)

1040

b)

W-2

c)

W-4

d)

W-9

24.

What do you need in order to fill out your 1040?

a)

Your W-2

b)

Your routing and bank account number

c)

A record of any other supplemtal income

d)

All of above

25.

Why is using a budget beneficial?

a)

Helps to keep track of the money you receive

b)

Helps to prioritize you spending

c)

Helps reach short-and-long term financial goals

d)

All of above

26.

Which of the following is NOT a good way to track your spending?

a)

In your head

b)

Notebook and Pencil

c)

Envelope Method

d)

Online software or app

27.

When setting a budget, you should consider...

a)

Financial goals, current expenses, and income

b)

Mostly income

c)

Creative ways to spend your money

d)

Mostly your goals

28.

What should be considered when setting a budget?

a)

Needs and Wants

b)

Savings

c)

Time management goals

d)

Need, wants and savings.

29.

Which payment option is not accepted online?

a)

Cash

b)

Check

c)

Debit Card

d)

Credit Card

30.

Which payment option could have interest charged to you?

a)

Cash

b)

Check

c)

Debit Card

d)

Credit Card

31.

Which method of payment actually is a form of borrowing money that needs to be paid back later?

a)

Cash

b)

Credit Card

c)

Debit Card

d)

Check

32.

What is a benefit of have a good credit score?

a)

Loan sharks will be less likely to bother you.

b)

You'll get accepted to better education institutions

c)

You'll get more job offers

d)

When you need a loan, you will have more loan offers to pick from.

33.

Paying only the minimum balance on your credit card can lead to ….

a)

an increase in your credit score

b)

paying more interest

c)

late fees

d)

all of the above

34.

What are the benefits of attending a local community college?

a)

It is cheaper to earn and Associate's degree at a community college and then transfer to a four-year college finish.

b)

You can live at home and save dorm fees while earning as Associate's degree.

c)

Choosing a local community college within closer driver range saves on transportation cost.

d)

All of the above

35.

Which of the following is true about the Free Application for Federal Student Aid (FAFSA)?

a)

The earliest you can submit your FAFSA is October 1st of each year.

b)

The form is available online or on paper.

c)

States may have different deadlines for applying for state aid.

d)

All of the Above

36.

What type of federal funding is free money, but is based on financial need only?

a)

Federal Grants

b)

All federal scholarships

c)

The 529 Plan

d)

None of these are correct.

37.

Everyone interested in post-secondary education should complete the Free Application for Federal Student Aid (FAFSA) because….

a)

it gives you access to private student loans

b)

It gives you access to private student loans

c)

it allows you to be eligible for federal student aid and other scholorships and gants.

d)

It is a requirement for college admission.

38.

Buying a home security system Is an example of protecting your home against______.

a)

Deductibles

b)

Risk

c)

Warrenties

d)

Insurance

39.

When filing an insurance claim, the policyholder must pay a _______, which is the amount you owe before insurance will cover the rest of the bill.

a)

deductible

b)

premium

c)

contract fee

d)

commission

40.

A deductible is paid by ___

a)

the insurance company

b)

the policyholder

c)

the claims adjuster

d)

the goverment

41.

What is the consequence of not having health insurance?

a)

you must pay all costs for health care and medical emergencies

b)

Your're not allowed to go to the hospital

c)

You will get a lower standard of care from doctors.

d)

You can only see doctors in your home state.

42.

What should you NOT use a loan to purchase?

a)

House

b)

tuition for higher education

c)

airline tickets to your dream vacation.

d)

a car

43.

What can insurance protect you from?

a)

theft

b)

conctract fees

c)

financial loss

d)

A and C

44.

When is it NOT okay to have health insurance?

a)

If you are young and healthy

b)

You should always have health insurance

c)

If you do not have a full-time job.

d)

If you are a student under the age of 26

45.

What program did you use to test on for your Micrsoft Word Associate Certification.

a)

Word

b)

G-Metrix

c)

Compass

d)

None of the above

46.

Does everyone need to get a CCR point in order to graduate?

a)

Yes

b)

No

47.

A classic piece of career advice is to dress for___.

a)

the last position you held

b)

the next positions you are seeking

c)

formal setting and circumstances

d)

an easy transition to your private life.

48.

Generally, the more education you receive, the higher your lifetime earning will be.

a)

True

b)

False

49.

What should be considered when setting a budget?

a)

needs and wants

b)

savings

c)

time management goals

d)

Need, wants, and savings

50.

To maintain a good credit score you must _____.

a)

manage your debt wisely

b)

check your credit score every week

c)

have credit monitoring

d)

have many open credit cards