Worksheets5 Week Test Review MP4
Total questions: 27
Worksheet time: 15mins
What is a fixed expense?
An expense that typically does not change from month to month.
An expense that typically varies greatly from month to month.
A expense that is the same for 3 months before changing.
An expense that is a tax deduction.
A budget should include both income and expenses.
TRUE
FALSE
Explain in detail, how understanding policies & procedures, training lessons, and the four hazards will benefit your personal life, school experience, and future career workplace.
___Willingly risking resources to start and run a business in pursuit of profit.
Start-up capital
Planning
Entrepreneurship
Skills gained through life experience or working on a job that help an individual perform in the workplace or gain success in a career.
debt financing
transferable skills
assets
A person who starts a new business or purchases an existing business is a(n) ____.
capitalist
manager
entrepreneur
boss
What is a minimum payment?
the minimum amount of money you can pay back - you will have to pay interest on the unpaid balance
the minimum amount of money you can pay back - you will NOT have to pay interest
the maximum amount of money that you can borrow with a card
the amount that will be shown on your bill
Paying only the minimum payment will cost you interest. You will end up paying a lot more for an item in the end!
True
False
Card A has an APR of 16.99% and Card B has an APR of 26.98%. Which card do you choose?
Card A
Card B
What factors can affect your credit score?
Favorite color, favorite food, favorite movie
Height, weight, age
Payment history, credit utilization, length of credit history, new credit, and types of credit used
Number of pets, number of siblings, number of friends
What is the difference between a debit card and a credit card?
A debit card allows you to borrow money from the bank, while a credit card allows you to spend your own money.
A debit card allows you to spend your own money, while a credit card allows you to borrow money from the bank.
There is no difference between a debit card and a credit card.
A debit card is used for online purchases, while a credit card is used for in-store purchases.
What is the impact of late payments on your credit score?
It has no impact on your credit score
It can significantly lower your credit score
It can significantly increase your credit score
It can temporarily freeze your credit score
The promotion of products or brands through one or more forms of electronic media correctly defines which of the following?
Infomercials
Digital marketing
Internet marketing
Telecommunication Marketing
Promoting and selling products or services
Marketing
Promotion
Advertising
Public Relations
All these are ways business use to promote their product/service, EXCEPT:
lowering prices
focus on customer needs
ignore the customer
provide discounts
What is the purpose of incorporating a story into your elevator pitch?
To demonstrate your knowledge about different industries
To showcase your storytelling skills
To confuse the audience with unnecessary details
To make the pitch more engaging and relatable
What should you not include in your elevator pitch?
Prior Experiences
Goals/ Where you want to be in the future
Your family background
What you have to offer
A short description of an idea, product, company or oneself that the listener can immediately understand is known as a(n)....
job interview
resume
logo
elevator pitch
Which of the following best describes the purpose of an elevator pitch during a job interview?
To provide a platform for lengthy discussions
To replace detailed resumes and cover letters
To quickly and effectively communicate a key message or value proposition about oneself
To entertain the interviewer with unrelated stories
Safety skills you learned in class _____ be transferred to other jobs.
can
might
should
must
What method of controlling hazards is MOST effective?
Personal Protective Equipment
Policies & Procedures
Removing the hazard
Ignoring the hazard
What method of controlling hazards is LEAST effective?
Personal Protective Equipment
Policies & Procedures
Removing the hazard
Ignoring the hazard
When you create a personal budget, it is important to consider things you _____ before things you want.
need
like
can afford
can't afford
A variable expense is a cost that _____ from month to month.
is taxed
is the same
is needed
is different
A fixed expense is a cost that _____ from month to month.
is taxed
is the same
is needed
is different
Money you earn, usually from working on a job is referred to as _____.
expenses
income
debt
taxes
The person/company who hires you is called your _____.
relative
friend
employee
employer
