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Chapter 1 How Choices Affect Your Income

Total questions: 21

Worksheet time: 11mins

Name
Class
Date
1.

Soft skills can be learned through education and practice.

a)

True

b)

False

2.

Communication is one of the most important hard skills in today’s workplace.

a)

True

b)

False

3.

Honesty is an example of a value.

a)

True

b)

False

4.

Informal education includes things such as self-training and classes you would take at a college.

a)

True

b)

False

5.

In a market economy, the price for an item is set at a point that consumers are willing to pay and sellers are willing to accept.

a)

True

b)

False

6.

During economic periods of recovery, people slow their buying and are unable to pay high prices.

a)

True

b)

False

7.

Tuition is less at public schools than at private colleges because the quality of education is not as high.

a)

True

b)

False

8.

Most government loans are unsubsidized.

a)

True

b)

False

9.

Networking starts by developing a list of contacts.

a)

True

b)

False

10.

A job scout is a computer program that searches the Internet to find job listings based on rules or options you set.

a)

True

b)

False

11.

A resume should be two or more pages.

a)

True

b)

False

12.

A business plan is a document that describes the steps that will be taken to open and operate a business.

a)

True

b)

False

13.

Which of the following is an example of a soft skill?

a)

managing a team

b)

creating a spreadsheet

c)

operating a forklift

d)

installing an air conditioner

14.

Loyalty is an example of a(n)

a)

goal

b)

value

c)

objective

d)

hard skill

15.

Which of the following is not a type of informal education?

a)

on-the-job training

b)

self-training

c)

an Internet language course

d)

a college class

16.

Which stage of the business cycle occurs when the bottom is reached and the economy is at a standstill?

a)

peak

b)

growth

c)

decline

d)

trough

17.

Where can you get advanced training beyond a four-year degree?

a)

technical school

b)

graduate program

c)

community college

d)

self-training program

18.

Financial aid that starts charging interest from the time the loan is made is called a(n)

a)

scholarship

b)

subsidized student loan

c)

unsubsidized student loan

d)

grant

19.

Which of the following is not a social networking site?

a)

LinkedIn

b)

Monster.com

c)

Facebook

d)

Twitter

20.

Which of the following provides part-time and full-time jobs on a temporary basis?

a)

state employment office

b)

job scout

c)

private employment agency

d)

temp agency

21.

Which of the following should not appear on a resume?

a)

education

b)

work experience

c)

age

d)

references