test #1-20
1. _____ is the study of the decisions that go into making, distributing, and using goods and service.
A)values
B)wealth-watch
C)economics
D)personal financial planning
2. Getting a college education, buying a car, and starting a business are examples of _____.
A)opportunity costs
B)plans
C)benefits
D)goals
3. The first step of developing a personal financial plan is _____.
A)putting away money
B)determining your current financial situation
C)finding sources of financial information
D)understanding risks
4. Your financial goals should be all of the following EXCEPT _____.
A)unclear
B)specific
C)set within a defined time frame
D)realistic
5. Saving money to buy a house in ten years and putting money away for retirement are examples of _____.
A)trade-offs
B)long-term goals
C)intermediate goals
D)opportunity plans
6. _____ are purchases that you make often and use up quickly.
A)durable goods
B)services
C)intangible items
D)consumable goods
7. All of the following are important factors that influence your day-to-day decisions about finances EXCEPT _____.
A)life situations
B)personal values
C)location
D)economic factors
8. The amount that your original deposit will be worth in the future, based on earning a specific interest rate over a specific period of time, is its _____.
A)future value
B)cost behavior
C)consumer credit
D)direct labor
9. In order to calculate the time value of your savings, you need to know the annual interest rate, the length of time your money will be in an account, and the _____.
A)credit amount
B)principal
C)actual cash value
D)bank reconciliation
10. A _____ is a person who purchases and uses goods or services.
A)creditor
B)company
C)consumer
D)credit union
11. Work that you mainly do to earn money is called a(n) _____.
A)career
B)job
C)internship
D)cooperative education
12. Most successful people _____.
A)work well with others
B)complain about their jobs
C)only do the bare minimum of work
D)are poor communicators
13. One of the external factors you should consider before you begin your job search is _____.
A)aptitudes
B)preferences
C)likes and dislikes
D)social influences
14. _____ are tendencies of people moving from one area of the country to another as financial centers shift location.
A)geographic trends
B)demographic trends
C)economic trends
D)employment trends
15. All of the following are service industries EXCEPT _____.
A)construction
B)computer technology
C)management
D)education
16. A(n) _____ is a position in which a person receives training by working with people who are experienced in a particular field.
A)job
B)career
C)internship
D)mentorship
17. A(n) _____ is a meeting with someone who works in your area of interest who can provide you with practical information about the career or company you are considering.
A)volunteer position
B)mentorship
C)aptitude test
D)informational interview
18. All of the following are good ways to find a job EXCEPT _____.
A)visit a company
B)follow an employee to his or her home
C)network
D)call a company
19. A résumé gives a potential employer _____.
A)the reason you want a particular job
B)a list of your personal interests
C)a summary of your education, training, experience and qualifications
D)your most recent test scores
20. A(n) _____ is an experienced employee who serves as a teacher and counselor for a less-experienced person.
A)boss
B)instructor
C)manager
D)mentor
A)values
B)wealth-watch
C)economics
D)personal financial planning
2. Getting a college education, buying a car, and starting a business are examples of _____.
A)opportunity costs
B)plans
C)benefits
D)goals
3. The first step of developing a personal financial plan is _____.
A)putting away money
B)determining your current financial situation
C)finding sources of financial information
D)understanding risks
4. Your financial goals should be all of the following EXCEPT _____.
A)unclear
B)specific
C)set within a defined time frame
D)realistic
5. Saving money to buy a house in ten years and putting money away for retirement are examples of _____.
A)trade-offs
B)long-term goals
C)intermediate goals
D)opportunity plans
6. _____ are purchases that you make often and use up quickly.
A)durable goods
B)services
C)intangible items
D)consumable goods
7. All of the following are important factors that influence your day-to-day decisions about finances EXCEPT _____.
A)life situations
B)personal values
C)location
D)economic factors
8. The amount that your original deposit will be worth in the future, based on earning a specific interest rate over a specific period of time, is its _____.
A)future value
B)cost behavior
C)consumer credit
D)direct labor
9. In order to calculate the time value of your savings, you need to know the annual interest rate, the length of time your money will be in an account, and the _____.
A)credit amount
B)principal
C)actual cash value
D)bank reconciliation
10. A _____ is a person who purchases and uses goods or services.
A)creditor
B)company
C)consumer
D)credit union
11. Work that you mainly do to earn money is called a(n) _____.
A)career
B)job
C)internship
D)cooperative education
12. Most successful people _____.
A)work well with others
B)complain about their jobs
C)only do the bare minimum of work
D)are poor communicators
13. One of the external factors you should consider before you begin your job search is _____.
A)aptitudes
B)preferences
C)likes and dislikes
D)social influences
14. _____ are tendencies of people moving from one area of the country to another as financial centers shift location.
A)geographic trends
B)demographic trends
C)economic trends
D)employment trends
15. All of the following are service industries EXCEPT _____.
A)construction
B)computer technology
C)management
D)education
16. A(n) _____ is a position in which a person receives training by working with people who are experienced in a particular field.
A)job
B)career
C)internship
D)mentorship
17. A(n) _____ is a meeting with someone who works in your area of interest who can provide you with practical information about the career or company you are considering.
A)volunteer position
B)mentorship
C)aptitude test
D)informational interview
18. All of the following are good ways to find a job EXCEPT _____.
A)visit a company
B)follow an employee to his or her home
C)network
D)call a company
19. A résumé gives a potential employer _____.
A)the reason you want a particular job
B)a list of your personal interests
C)a summary of your education, training, experience and qualifications
D)your most recent test scores
20. A(n) _____ is an experienced employee who serves as a teacher and counselor for a less-experienced person.
A)boss
B)instructor
C)manager
D)mentor
answers
1. c
2. d 3. b 4. a 5. b 6. d 7. c 8. a 9. b 10. c |
11. b
12. a 13. d 14. a 15. a 16. c 17. d 18. b 19. c 20. d |