Question 1

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 D

Question 2

The term networking refers to:

Accepted Answer

A) using the internet to locate job listings. 
B) making and using contacts to obtain and update career information. 
C) accessing career databases online. 
D) building a list of references to provide to prospective employers. 
E) designing an electronic system for storing resumes and job related information. 
A) using the internet to locate job listings. 
B) making and using contacts to obtain and update career information. 
C) accessing career databases online. 
D) building a list of references to provide to prospective employers. 
E) designing an electronic system for storing resumes and job related information. B

Question 3

The purpose of a selection interview is to:

Accepted Answer

A) select the best applicants for further interviewing. 
B) obtain training information on a career area. 
C) question candidates for a job in detail. 
D) explore possible job opportunities in a career area. 
E) locate potential candidates for a position. 
A) select the best applicants for further interviewing. 
B) obtain training information on a career area. 
C) question candidates for a job in detail. 
D) explore possible job opportunities in a career area. 
E) locate potential candidates for a position. C

Question 4

A functional résumé is best for a person who:

Accepted Answer

A) has diverse skills. 
B) is interested in a specific joB. 
C) has a continuous school and work record. 
D) plans to advance in the same career area. 
E) has just completed school. 
A) has diverse skills. 
B) is interested in a specific joB. 
C) has a continuous school and work record. 
D) plans to advance in the same career area. 
E) has just completed school.

Question 5

Government supported employment services can assist individuals with finding a job.

Accepted Answer

A) True 
 B)False

Question 6

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 7

Lori Burroughs wants to gain some needed experience so when she is ready to start a career she has something to offer a company.She has talked to the career placement center at her university.They tell her she can get a job with a local company for the summer and earn college credit while working.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 8

Which of the following is the process of making and using contacts in the business world for obtaining and updating career information and job possibilities?

Accepted Answer

A) networking 
B) an internship 
C) a career fair 
D) a cover letter 
E) financial planning 
A) networking 
B) an internship 
C) a career fair 
D) a cover letter 
E) financial planning

Question 9

Jason Liang has gotten three job offers.He is now looking at the benefits packages of all three to see what he likes and doesn't like.Which step in the career planning process is Jason completing?

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 10

Which of the following is an opportunity to contact several firms in a short time span? It is often held at local universities or convention centers.

Accepted Answer

A) networking 
B) an internship 
C) a career fair 
D) a cover letter 
E) an informational interview 
A) networking 
B) an internship 
C) a career fair 
D) a cover letter 
E) an informational interview

Question 11

Efficient work habits are an example of:

Accepted Answer

A) on-the-job training. 
B) continuing education. 
C) an employee's initiative. 
D) cooperative education. 
E) seniority. 
A) on-the-job training. 
B) continuing education. 
C) an employee's initiative. 
D) cooperative education. 
E) seniority.

Question 12

Which of the following would be a competency commonly associated with successful people?

Accepted Answer

A) an ability to work well with others in a variety of settings 
B) a desire to do tasks better than they have to be done 
C) an ability to solve problems creatively in team settings 
D) well developed written and oral communication skills 
E) all of the above are competencies commonly associated with successful peoplE. 
A) an ability to work well with others in a variety of settings 
B) a desire to do tasks better than they have to be done 
C) an ability to solve problems creatively in team settings 
D) well developed written and oral communication skills 
E) all of the above are competencies commonly associated with successful peoplE.

Question 13

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 14

Creative résumés or those with a gimmick are most appropriate for careers in:

Accepted Answer

A) accounting. 
B) finance. 
C) advertising. 
D) information technology. 
E) human resources. 
A) accounting. 
B) finance. 
C) advertising. 
D) information technology. 
E) human resources.

Question 15

Joseph is eligible for a nontaxable life insurance benefit with an annual premium of $400 paid entirely by his employer.Assuming Joseph is in a 25% bracket,how much would he have to earn to pay for this benefit with after-tax dollars?

Accepted Answer

A) $425.00 
B) $533.33 
C) $433.33 
D) $500.00 
E) $400.00 
A) $425.00 
B) $533.33 
C) $433.33 
D) $500.00 
E) $400.00

Question 16

A ____________ résumé presents a person's education,work experience,and other information in a reverse time-sequence.

Accepted Answer

A) goal-oriented 
B) functional 
C) chronological 
D) targeted 
E) data base 
A) goal-oriented 
B) functional 
C) chronological 
D) targeted 
E) data base

Question 17

You are given the choice of $4,000 in extra taxable income per year or a tax-exempt medical policy.The medical policy costs $300 per month.Your tax rate is 25%.Considering financial factors only,should you take the cash or the medical policy? Explain your decision.

Accepted Answer

The answer of You are given the choice of $4,000...

Question 18

For an entry-level position,a person's résumé is likely to be:

Accepted Answer

A) one page. 
B) two pages. 
C) three pages. 
D) four pages. 
E) five or more pages depending on experiences. 
A) one page. 
B) two pages. 
C) three pages. 
D) four pages. 
E) five or more pages depending on experiences.

Question 19

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

Accepted Answer

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

Question 20

An interview designed to reduce the number of candidates for a position to a workable size is a(n)____________ interview.

Accepted Answer

A) screening 
B) informational 
C) selection 
D) contact 
E) follow-up 
A) screening 
B) informational 
C) selection 
D) contact 
E) follow-up

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

The term networking refers to:

The purpose of a selection interview is to:

A functional résumé is best for a person who:

Government supported employment services can assist individuals with finding a job.

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

Which of the following is the process of making and using contacts in the business world for obtaining and updating career information and job possibilities?

Jason Liang has gotten three job offers.He is now looking at the benefits packages of all three to see what he likes and doesn't like.Which step in the career planning process is Jason completing?

Which of the following is an opportunity to contact several firms in a short time span? It is often held at local universities or convention centers.

Efficient work habits are an example of:

Which of the following would be a competency commonly associated with successful people?

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

Creative résumés or those with a gimmick are most appropriate for careers in:

Joseph is eligible for a nontaxable life insurance benefit with an annual premium of $400 paid entirely by his employer.Assuming Joseph is in a 25% bracket,how much would he have to earn to pay for this benefit with after-tax dollars?

A ____________ résumé presents a person's education,work experience,and other information in a reverse time-sequence.

You are given the choice of $4,000 in extra taxable income per year or a tax-exempt medical policy.The medical policy costs $300 per month.Your tax rate is 25%.Considering financial factors only,should you take the cash or the medical policy? Explain your decision.

For an entry-level position,a person's résumé is likely to be:

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

An interview designed to reduce the number of candidates for a position to a workable size is a(n)____________ interview.

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

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

The term networking refers to:

The purpose of a selection interview is to:

A functional résumé is best for a person who:

Government supported employment services can assist individuals with finding a job.

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

Which of the following is the process of making and using contacts in the business world for obtaining and updating career information and job possibilities?

Jason Liang has gotten three job offers.He is now looking at the benefits packages of all three to see what he likes and doesn't like.Which step in the career planning process is Jason completing?

Which of the following is an opportunity to contact several firms in a short time span? It is often held at local universities or convention centers.

Efficient work habits are an example of:

Which of the following would be a competency commonly associated with successful people?

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

Creative résumés or those with a gimmick are most appropriate for careers in:

Joseph is eligible for a nontaxable life insurance benefit with an annual premium of $400 paid entirely by his employer.Assuming Joseph is in a 25% bracket,how much would he have to earn to pay for this benefit with after-tax dollars?

A ____________ résumé presents a person's education,work experience,and other information in a reverse time-sequence.

You are given the choice of $4,000 in extra taxable income per year or a tax-exempt medical policy.The medical policy costs $300 per month.Your tax rate is 25%.Considering financial factors only,should you take the cash or the medical policy? Explain your decision.

For an entry-level position,a person's résumé is likely to be:

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

An interview designed to reduce the number of candidates for a position to a workable size is a(n)____________ interview.

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