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WorksheetsPBMF Spring Semester Exam Review
Total questions: 40
Worksheet time: 20mins
Which of the following is NOT an employability skill?
A. Ethical behavior
B. Teamwork
C. Technology
D. Sales
Which of the following describes mannerisms?
Style of speaking or behaving
Dressing appropriately
Values and standards
Working effectively with others
Which of the following is a leadership skill?
Breaking new ground
Anticipating problems
Treating everyone fairly
Prioritizing
Which of the following is a way to exhibit professionalism?
Certifications
Teamwork
Technology
Speech
Which of the following is considered the most important skill in the workplace?
Effective communication
Knowledge of technology
Certifications or licensures
Leadership strategies
Which of the following is considered a Knowledge of Technology skill?
Teamwork
Creating a final product
Active listening
Willingness to learn
Which of the following defines employability?
A. A specific style of behavior in the workplace
B. Positive work behaviors and personal qualities which make individuals more likely to gain employment and succeed in their chosen career
C. Arriving at work on-time and successfully completing the tasks assigned
D. Recognizing the questions which relate to goals, purpose and needs
Which of the following is NOT a problem-solving strategy?
Developing a process
Use of technology
Anticipating problems
Brainstorming
The phase "take-home pay" refers to which of the following?
Money employers pay on behalf of employees for taxes
Money paid to the employee after taxes
Money paid to the employee before taxes
Money paid by the employee to the IRS
If you have $350 income as your "take-home pay", you have fixed and variable expenses of $275, and you pay $25 into your savings account, how much will you have as discretionary income?
$100
$25
$0
$50
How often can you change your goals?
Never
As often as desired or as needed
Only once in a lifetime
Every six months
You receive your paycheck through direct deposit, what does this mean?
You took the check to the teller inside the bank
You mailed the check to the back, along with a completed deposit slip
Your employer deposited your check electronically into your account
Your money is used directly to pay bills
Which of the following services take money out of your account at the time a purchase is made?
Debit card
Credit card
Gift card
Rewards card
Which of the following is NOT one of the acceptable forms of initial deposit?
Cash
Cashier's check
Money order
Check card
Checks or debit purchases you have made, but do not show up on your bank statement, are referred to as which of the following?
Non-reconciled
Outstanding
Cleared
Completed
Which of the following should you do after you reconcile your statement?
Keep your receipts for five years
Shred all receipts
Throw away all receipts
Make copies of all receipts
Which of the following is the federal bureau which collects taxes and turns the money over to the Treasury department?
Congress
Department of Tax Collection
Internal Revenue Service
Executive Department
Which of the following is the most common tax on the federal level?
Sales tax
Income tax
Property tax
Excise tax
Which of the following entities writes states' tax laws?
The president
Congress
Each state
The IRS
Which of the following entities does NOT have the ability to collect taxes onthe local level?
County governments
City governments
School districts
Politicians
Andrea earsn $8 per hour and works 20 hours per week. She receives her paycheck for her hours worked during the week eevery Friday afternoon. What is her gross pay?
$80.00
$131.76
$144.00
$160.00
Andrea earsn $8 per hour and works 20 hours per week. She receives each week's paycheck every Friday afternoon. The percentage of Andrea's gross pay which goes toward Social Security and Medicare is 7.65 percent of her gross pay. How much is taken out for these taxes from her gross pay?
$12.24
$131.76
$13.76
$80.00
Short-term goals cover a time period of one to two years.
True
False
Budgeting finances requires calculating _________ and _____________.
Income; expenses
Investments; savings
utility; opportunity cost
inflation; taxes
Budgets assist in reorganizing finances to reduce _______ or increasse _______.
Problems; happiness
funds; expenses
debt; savings
consistency; originality
Common stock differs from preferreds tock in which of the following ways?
Voting rights
Exchange rates
Callable features
Liquidity
A _________ account has a higher rate of return, but a ____________ account has a lower required minimum balance.
Savings; money market
money market; savings
Which of the following accurately describes stocks?
Employee-sponsored retirement benefit plans
Savings accounts which include tax benefits
Investments providing ownership of public companies
Contributions for the government required of people
Which of the following defines credit?
Yearly membership or participation fees
Fees for getting cash advances
The ability to acquire money, goods or services from others without immediate payment
Loans which will be in repayment for less than an 18 month time period
What type of loan would one need to buy a housse?
Short-term
Intermediate
Long-term
None of the other choices
Which of the following defines APR?
Yearly membership or participation fees
A measure of the cost of credit, expressed as a yearly rate
Loans which will be in repayment for less than an 18 month time period
Fees for getting cash advances
What is the highest credit score number?
750
800
850
900
Which type of loan will be in repayment for more than 10 years?
Timely loans
Intermediate-term loans
Long-term loan
Large lump loans
Your credit rating is a number claculated by using information on a credit report which shows lenders the risk they take by loaning money to you.
True
False
Ethics are the _________ code by which individuals live and conduct business.
Computer
Technical
Moral
Cryptic
Which of the following ensures information is available only to those autorized to have access?
Insider trading
Confidentiality
Legality
Forgery
Which term describes the spending of company money to purchase goods for individual use?
Insider trading
Confidentiality
Money Laundering
Embezzlement
Mail and wire fraud are both felonies.
True
False
Which of the following occurs when an accountant signs a client's name?
Embezzlement
Insurance fraud
Forgery
Insider trading
Which of the following is NOT a result of unethical business finance practices?
Damage to the company's reputation
Loss of trust
Increase in employee morale
Company becomes negatively viewed by customers
