WorksheetsBehavioral Finance, Career and College Unit Test Study Guide
Total questions: 20
Worksheet time: 10mins
Name
Class
Date
1.
Soft skills can be best described as...
a)
Skills that are easy to demonstrate and measure
b)
Skills that allow a person to work effectively with others
c)
Skills that apply only to a specific position
d)
Skills that are unimportant to employers
2.
If a college degree is expensive, why is it often considered a good financial decision to go to college?
a)
College graduates always hold higher-paying jobs than high school graduates
b)
College graduates have higher average lifetime earnings than high school graduates
c)
Most people don’t graduate with student debt
d)
After paying tuition, students will have a partial ownership stake in a valuable university
3.
Which statement is TRUE about the job posting shown here?
a)
The job is for an accounting specialist to work at Indeed
b)
Whoever is hired can expect to make $110,000 per year
c)
This scheduled hours are Monday-Friday with some weekends
d)
AutoNation will provide this employee with multiple types of insurance in their benefits package
4.
All of the following are hard skills EXCEPT...
a)
Coding
b)
Accounting
c)
Carpentry
d)
Adaptability
5.
The federal government makes interest payments on __________ while you’re enrolled in school at least half-time, for the first six months after you leave school, and during any period of deferment.
a)
Work-Study
b)
Subsidized federal loans
c)
Unsubsidized federal loans
d)
Grants
6.
Which of these options lists the types of financial aid from MOST attractive to LEAST attractive?
a)
Private loans, Federal loans, Work-study, Grants/Scholarships
b)
Grants/Scholarships, Work-study, Federal loans, Private loans
c)
Work-study, Grants/Scholarships, Federal loans, Private loans
d)
Federal loans, Grants/Scholarships, Work-study, Private loans
7.
Which of the formulas below correctly calculates net price?
a)
Sticker price - student loans = net price
b)
Grants and scholarships + student loans = net price
c)
Sticker price - grants and scholarships = net price
d)
Sticker price + grants and scholarships = net price
8.
Which of the following is considered a direct cost of attending a school?
a)
Travel Expense
b)
Cell Phone Bill
c)
Food and Entertainment
d)
Tuition
9.
Your school counselor is a great resource for all of the following EXCEPT…
a)
Providing information about scholarships and grants you wouldn’t be able to find elsewhere
b)
Negotiating lower interest rates with your lenders
c)
Suggesting specific scholarship and grant opportunities based on your personal strengths and accomplishments
d)
Comparing different colleges, their costs of attendance, and financial aid offers
10.
Which of the following is a TRUE statement regarding employee benefits?
a)
All employers offer the same employee benefits, so there is no need to review benefits when you are offered a job
b)
Employee benefits always cost you extra money, so it is important to choose only a select few when accepting a job position
c)
It is possible for a job with a lower salary to have a better total compensation package when employee benefits are included
d)
Jobs offering a higher salary always offer better employee benefits
11.
Neil decided not to go to college. After he graduated from high school, he started working as a real estate agent. This career decision has all of the following advantages, EXCEPT…
a)
He started earning money sooner
b)
He gained work experience and skills
c)
He expanded his range of possible job opportunities
d)
He learned about an industry
12.
What is the purpose of a 401(k) plan?
a)
To pay for medical expenses
b)
To develop new skills relevant to your job
c)
To improve your chances of getting an interview
d)
To save for retirement
13.
Which of the following statements about careers is generally TRUE?
a)
Your first job determines the rest of your career path
b)
Hard skills are more important than soft skills to employers
c)
The same skill set can be applied in different jobs
d)
College is the only way to learn hard skills
14.
Which of the following statements is TRUE about the value of a college degree?
a)
A high school graduate can expect to earn about the same as a college graduate
b)
Every college graduate can expect to have a starting salary over $60,000 right after college
c)
A college graduate can expect to earn, on average, more than a high school graduate over a career
d)
A college graduate typically earns less than someone with a high school diploma for the first 10 years
15.
In order to qualify for financial aid, which application must you submit?
a)
FAFSA
b)
PLUS
c)
SAVE
d)
SAI
16.
Typically, when should you first file the FAFSA?
a)
After you finish freshman year of high school
b)
December/January of your last year of high school
c)
After you receive your Student Aid Index
d)
Once you are ready to start repaying your student loans
17.
How should you handle your social media as it’s connected to your job search?
a)
Post about controversial topics to make yourself stand out
b)
Avoid posting on social media altogether
c)
Assume that your interviewers are monitoring your social media and post about relevant topics to your industry
d)
Post about anything you want, as long as it’s not offensive
18.
Soft skills are a valuable skill set to have. All of the following are soft skills EXCEPT...
a)
Speaking multiple languages
b)
Creativity
c)
Responsibility
d)
Critical thinking
19.
Which type of bias is the tendancy to overestimate one's abilities, such as with the ability to win when gambling.
a)
Loss Aversion
b)
Overconfidence
c)
Herd Mentality
d)
Confirmation Bias
20.
Which type of bias causes individuals to seek out information that confirms their existing beliefs while ignoring or dismissing contradictory evidence, such as when choosing investments
a)
Herd Mentality
b)
Confirmation Bias
c)
Loss Aversion
d)
Overconfidence
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