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Quiz #1- Quality of Life & Joining the Workforce

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

Quality of life is a measure of an individual’s overall well being.

a)

False

b)

True

2.

Shaun was able to take 2 paid sick days this month as part of the the amount of paid days he receives from his employer each year.

a)

Incentives

b)

Benefits

3.

Christian receives a bonus for having high sales this year.

a)
Benefits
b)
Incentives
4.

This is the amount of money received before taxes and deductions are taken out.

a)

Net pay

b)

Salary

c)

Gross pay

d)

Wage

5.

The formula we just learned to calculate personal net worth. Which of the following is correct?

a)

Debts - Assets = Personal Net Worth

b)

None of the Above

c)

Assets - Debts = Personal Net Worth

d)

Debts + Assets = Personal Net Worth

6.

The mount of money that is regularly paid to someone for the work that they complete, typically on an hourly or completion basis.

a)

Wage

b)

Salary

c)

Job

7.

Serenity gets $17 that she sees clients at the hair salon she works at. What type of earned income is this?

a)

Salary

b)

Wage

8.

De'Andria receives a pay check of $8,000 as a registered nurse at Duke University Hospital. What type of earned income is this?

a)

Salary

b)

Wage

9.

Jose wants to become a doctor. He has received some financial aid, but cost of the school is important to him as he knows he will be going to school for a long time, and does not want a lot of debt. However, he wants to live on campus and be near his peers while he studies. Which school is most likely the best choice for him?

a)

Private College or University

b)

Community College

c)

Public College or University

10.

Chelsey wants to obtain her Bachelor’s Degree in Social Work. She currently does not have the ability to pay for the tuition at a public university. However, she thinks she could begin doing some college work and earning college credits at a lower cost while saving to transfer to a public university later. Which school is most likely the best choice for her?

a)

Private College or University

b)

Start at Community College and Transfer to Public College or University

c)

Community College

11.

Free Application for Federal Student Aid which is used to determine a family’s eligibility for grants, work-study, and loans to pay for college. 

a)

FPFP

b)

FAFSA

c)

Grants

d)

Scholarship

12.

The set amount of money that is paid to someone each month or year from their employer. 

a)

Career

b)

Job

c)

Salary

d)

Wage

13.

A profession that someone feels passionate about that they participate in for a long time in their life span. Typically involves more education or training. 

a)

Part-time

b)

Job

c)

Career

d)

Education

14.

Used to motivate employees to meet goals for their business (i.e. rewards and privileges).

a)

Wage

b)

Employee Incentives

c)

Salary

d)

Employee Benefits

15.

The amount of people within a country who are able to do a job and are available for employment. 

a)

Job

b)

Workforce

c)

Quality of Life

d)

Education