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WorksheetsSpring Semester Final 2023
Total questions: 20
Worksheet time: 10mins
Marshall's employer pays him for work that he performs on the job. This is an example of
Passive revenue
earned income
capital gains
transfer payments
The arrangement by which businesses or individuals can purchase now and pay later is known as
capacity
credit
interest
collateral
Which of the following is a strategy of help with tracking expenses
estimate fixed expenses
only use cash payments
spend as little as possible
keep receipts
To be able to pay for unexpected car repairs and/or to replace broken home appliances, it is important to
eliminate entertainment expenses
make long-term investments
save money for emergency situations
use tax returns to purchase treasury bonds
Which of the following is a reason to invest your money?
investing can help you reach your long-term financial goals
you will receive a lower rate of return than from saving
when you invest, you earn a lot of money in a very short period of time
There is no risk involved in investing in the stock market
Viola wants to go on a vacation sometime in the next year; how should she generate the money she needs for the trip?
invest her money in the stock market
put her money in a savings account
take some money from her emergency fund
put the expenses for the trip on a credit card
You have to have a college degree to be entrepreneur.
true
false
Melissa writes checks to pay for her rent, utilities, and groceries and she keeps a record of all these transactions in her check register. Keeping an accurate check register helps Melissa...
understand the checking account's restrictions and fees.
determine when she needs to add funds to her savings account
track the amount of money she has spent
decide when to order new checks
What is a tip to aid in paying bills on time?
Notify businesses to let them know what time extensions will be needed
Pay bills as soon as they arrive
require businesses to use direct deposit into your account
Set aside two times a month to pay bills.
Which of the following types of insurance do businesses frequently offer as part of their employee benefit plan.
health
automobile
property
liability
Which of the following is a work-life balance benefit a business may offer to attract and keep talented employees
Worker's compensation
competitive pay
flexible scheduling
health insurance
Following a business employee for a few days to obtain information about that particular career is an example of
personal interviewing
volunteering
serving an internship
job shadowing
Individuals who are interested in certain occupations should also find out if they have the necessary
patience
attitudes
aptitudes
behavior
Because Alexa enjoys working with children and has a knack for developing fun activities that help then understand puzzles and numerical formulas, she might consider a career as a
graphic designer
math teacher
computer programmer
financial planner
When health insurance is available through an employer, the cost to the employee is typically
higher than an individual policy
lower than an individual policy
paid for by the employer
paid for by the government
One reason why many workers begin their careers in entry level jobs is because these jobs
are limited to small businesses
offer very low compensation
provide no room for advancement
require little to no experience
Do you consider yourself a risk taker
Yes
No
Both A and B are correct
Are you motivated by the independence of being your own boss
Yes
No
Both A and B are correct
Are you aware that running your own business may require working 12-16 hours a day, six days a week, and maybe even Sundays and holidays?
Yes
No
Do you know what basic skills you will need to have a successful business?
Yes
No
