Question 1

What is the purpose of a cover letter?

Accepted Answer

A)  Obtain career planning information 
B)  Request a reference for a job 
C)  Develop resume information 
D)  Research a career area 
E)  Express interest in a job 
A)  Obtain career planning information 
B)  Request a reference for a job 
C)  Develop resume information 
D)  Research a career area 
E)  Express interest in a job

Question 2

It is legal for an interviewer to ask you about your marital status.

Accepted Answer

A) True 
 B)False

Question 3

Corporate culture refers to the methods used by an organization to determine the value of employee benefits.

Accepted Answer

A) True 
 B)False

Question 4

Billy Freniere has gone to the career placement center at his university. He has taken both an interests test and a personality test and has found careers where his interests and personality are well suited. Which step in the career planning process has Billy completed?

Accepted Answer

A)  Assess and research personal goals and abilities. 
B)  Evaluate the employment market to identify specific employment opportunities. 
C)  Develop a resume and cover letter to apply for specific positions. 
D)  Interview for specific positions and assess the interview performance. 
E)  Evaluate financial and other factors of positions offered. 
A)  Assess and research personal goals and abilities. 
B)  Evaluate the employment market to identify specific employment opportunities. 
C)  Develop a resume and cover letter to apply for specific positions. 
D)  Interview for specific positions and assess the interview performance. 
E)  Evaluate financial and other factors of positions offered.

Question 5

The main sources of networking include the following:

Accepted Answer

A)  community organizations 
B)  professional associates 
C)  business contacts 
D)  all of these 
E)  none of these 
A)  community organizations 
B)  professional associates 
C)  business contacts 
D)  all of these 
E)  none of these

Question 6

With completion of a bachelor's degree one can expect to earn _____ in income over a 40-year period.

Accepted Answer

A)  $2.8 million 
B)  $1.8 million 
C)  $3.8 million 
D)  $2.5 million 
E)  $4.3 million 
A)  $2.8 million 
B)  $1.8 million 
C)  $3.8 million 
D)  $2.5 million 
E)  $4.3 million

Question 7

Which of the following is an example of an industrial trend that could affect the job market?

Accepted Answer

A)  Increased use of computers in manufacturing 
B)  Fewer children being born 
C)  Higher interest rates 
D)  Lower inflation rates affecting spending 
E)  More families with both parents working 
A)  Increased use of computers in manufacturing 
B)  Fewer children being born 
C)  Higher interest rates 
D)  Lower inflation rates affecting spending 
E)  More families with both parents working

Question 8

Certain careers increase and decrease in demand based on changes in interest rates.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following trends is most likely to increase domestic career opportunities in manufacturing organizations?

Accepted Answer

A)  Higher interest rates 
B)  Reduced consumer spending 
C)  Higher consumer prices 
D)  Increased imports 
E)  Increased exports 
A)  Higher interest rates 
B)  Reduced consumer spending 
C)  Higher consumer prices 
D)  Increased imports 
E)  Increased exports

Question 10

Which of the following is sent to a company to indicate your interest in a position and to obtain an interview? (Hint: It is generally accompanied by your resume.)

Accepted Answer

A)  List of references 
B)  College transcript 
C)  Diploma 
D)  Cover letter 
E)  Recommendation letter 
A)  List of references 
B)  College transcript 
C)  Diploma 
D)  Cover letter 
E)  Recommendation letter

Question 11

Louise Ellis recently has been offered employment in another city. She has been employed in her current position for four years. What factors should Louise consider when evaluating this new position?

Accepted Answer

The answer of Louise Ellis recently has been offered employment...

Question 12

A job tends to have less of a long-term commitment to a field than a career.

Accepted Answer

A) True 
 B)False

Question 13

In the career planning process, after identifying specific job opportunities, a person should:

Accepted Answer

A)  assess interests, abilities, and goals. 
B)  develop a resume and cover letter. 
C)  evaluate job offers. 
D)  plan for career growth. 
E)  evaluate the job market. 
A)  assess interests, abilities, and goals. 
B)  develop a resume and cover letter. 
C)  evaluate job offers. 
D)  plan for career growth. 
E)  evaluate the job market.

Question 14

Caroline lives in City A and earns $50,000 per year. The cost of living index in City A is .8. She is considering a move to City B which has a cost of living index of .9. How large a salary will she require in City B to maintain her current standard of living?

Accepted Answer

A)  $44,444 
B)  $40,000 
C)  $56,250 
D)  $45,000 
E)  $50,000 
A)  $44,444 
B)  $40,000 
C)  $56,250 
D)  $45,000 
E)  $50,000

Question 15

Lisa Trotter wants to gain some needed experience so when she is ready to start a career she has something to offer a company. She has decided to help with the homecoming parade for the University of Central Oklahoma where she goes to school full-time. Which of the following employment strategies is she pursuing?

Accepted Answer

A)  Part-time employment 
B)  Volunteer work 
C)  Internship 
D)  Campus project 
E)  Cooperative education program 
A)  Part-time employment 
B)  Volunteer work 
C)  Internship 
D)  Campus project 
E)  Cooperative education program

Question 16

In recent years, approximately what percent of new jobs in the U.S. economy occurred in companies with fewer than 100 employees?

Accepted Answer

A)  10 
B)  25 
C)  50 
D)  80 
E)  90 
A)  10 
B)  25 
C)  50 
D)  80 
E)  90

Question 17

_________ is a benefit on which you pay no taxes.

Accepted Answer

A)  Networking 
B)  Vesting 
C)  A tax-deferred benefit 
D)  A tax-exempt benefit 
E)  An opportunity cost 
A)  Networking 
B)  Vesting 
C)  A tax-deferred benefit 
D)  A tax-exempt benefit 
E)  An opportunity cost

Question 18

A(n) ____________ is an employment position that is obtained mainly to earn money.

Accepted Answer

A)  career 
B)  job 
C)  internship 
D)  apprenticeship 
E)  cooperative 
A)  career 
B)  job 
C)  internship 
D)  apprenticeship 
E)  cooperative

Question 19

Barb Hotchkins is in the 28 percent tax bracket. A tax-exempt employee benefit with a value of $500 would have a tax-equivalent value of:

Accepted Answer

A)  $694. 
B)  $528. 
C)  $500. 
D)  $360. 
E)  $140. 
A)  $694. 
B)  $528. 
C)  $500. 
D)  $360. 
E)  $140.

Question 20

A lack of willingness to accept a variety of employment positions is a common career planning mistake associated with a lack of:

Accepted Answer

A)  common sense. 
B)  communication skills. 
C)  training. 
D)  flexibility. 
E)  perseverance. 
A)  common sense. 
B)  communication skills. 
C)  training. 
D)  flexibility. 
E)  perseverance.

What is the purpose of a cover letter?

It is legal for an interviewer to ask you about your marital status.

Corporate culture refers to the methods used by an organization to determine the value of employee benefits.

Billy Freniere has gone to the career placement center at his university. He has taken both an interests test and a personality test and has found careers where his interests and personality are well suited. Which step in the career planning process has Billy completed?

The main sources of networking include the following:

With completion of a bachelor's degree one can expect to earn _____ in income over a 40-year period.

Which of the following is an example of an industrial trend that could affect the job market?

Certain careers increase and decrease in demand based on changes in interest rates.

Which of the following trends is most likely to increase domestic career opportunities in manufacturing organizations?

Which of the following is sent to a company to indicate your interest in a position and to obtain an interview? (Hint: It is generally accompanied by your resume.)

Louise Ellis recently has been offered employment in another city. She has been employed in her current position for four years. What factors should Louise consider when evaluating this new position?

A job tends to have less of a long-term commitment to a field than a career.

In the career planning process, after identifying specific job opportunities, a person should:

Caroline lives in City A and earns $50,000 per year. The cost of living index in City A is .8. She is considering a move to City B which has a cost of living index of .9. How large a salary will she require in City B to maintain her current standard of living?

In recent years, approximately what percent of new jobs in the U.S. economy occurred in companies with fewer than 100 employees?

_________ is a benefit on which you pay no taxes.

A(n) ____________ is an employment position that is obtained mainly to earn money.

Barb Hotchkins is in the 28 percent tax bracket. A tax-exempt employee benefit with a value of $500 would have a tax-equivalent value of:

A lack of willingness to accept a variety of employment positions is a common career planning mistake associated with a lack of:

Personal Finance Basics and the Time Value of Money

Money Management Strategy: Financial Statements and Budgeting

Planning Your Tax Strategy

Financial Services: Savings Plans and Payment Accounts

Introduction to Consumer Credit

Choosing a Source of Credit: The Costs of Credit Alternatives

Consumer Purchasing Strategies and Legal Protection

The Housing Decision: Factors and Finances

Property and Motor Vehicle Insurance

Health, Disability, and Long-Term Care Insurance

Life Insurance

Investing Fundamentals

Investing in Stocks

Investing in Bonds

Investing in Mutual Funds

Investing in Real Estate and Other Investment Alternatives

Starting Early: Retirement Planning

Estate Planning

Filters

Exam 2: Financial Aspects of Career Planning

What is the purpose of a cover letter?

It is legal for an interviewer to ask you about your marital status.

Corporate culture refers to the methods used by an organization to determine the value of employee benefits.

Billy Freniere has gone to the career placement center at his university. He has taken both an interests test and a personality test and has found careers where his interests and personality are well suited. Which step in the career planning process has Billy completed?

The main sources of networking include the following:

With completion of a bachelor's degree one can expect to earn _____ in income over a 40-year period.

Which of the following is an example of an industrial trend that could affect the job market?

Certain careers increase and decrease in demand based on changes in interest rates.

Which of the following trends is most likely to increase domestic career opportunities in manufacturing organizations?

Which of the following is sent to a company to indicate your interest in a position and to obtain an interview? (Hint: It is generally accompanied by your resume.)

Louise Ellis recently has been offered employment in another city. She has been employed in her current position for four years. What factors should Louise consider when evaluating this new position?

A job tends to have less of a long-term commitment to a field than a career.

In the career planning process, after identifying specific job opportunities, a person should:

Caroline lives in City A and earns $50,000 per year. The cost of living index in City A is .8. She is considering a move to City B which has a cost of living index of .9. How large a salary will she require in City B to maintain her current standard of living?

In recent years, approximately what percent of new jobs in the U.S. economy occurred in companies with fewer than 100 employees?

_________ is a benefit on which you pay no taxes.

A(n) ____________ is an employment position that is obtained mainly to earn money.

Barb Hotchkins is in the 28 percent tax bracket. A tax-exempt employee benefit with a value of $500 would have a tax-equivalent value of:

A lack of willingness to accept a variety of employment positions is a common career planning mistake associated with a lack of:

Personal Finance Basics and the Time Value of Money

Money Management Strategy: Financial Statements and Budgeting

Planning Your Tax Strategy

Financial Services: Savings Plans and Payment Accounts

Introduction to Consumer Credit

Choosing a Source of Credit: The Costs of Credit Alternatives

Consumer Purchasing Strategies and Legal Protection

The Housing Decision: Factors and Finances

Property and Motor Vehicle Insurance

Health, Disability, and Long-Term Care Insurance

Life Insurance

Investing Fundamentals

Investing in Stocks

Investing in Bonds

Investing in Mutual Funds

Investing in Real Estate and Other Investment Alternatives

Starting Early: Retirement Planning

Estate Planning

Filters