Personal Finance 3.02 Question Preview (ID: 8905)


Personal Finance 3.02. TEACHERS: click here for quick copy question ID numbers.

Students should become familiar with as many careers as possible in order to:
a) be able to finish high school.
b) feel competent taking tests
c) give advice to friends
d) learn which careers match personal interests.

Choosing a work community that has good health care services, schools, and child care are all examples of:
a) additional perks and vacation leave.
b) base salary and fringe benefits
c) employer-provided services and child care.
d) location and environment

Stock options, company car, relocation expenses, and tuition reimbursement are all examples of:
a) additional perks of the job.
b) base salary.
c) employer-provided services.
d) insurance benefits.

Which characteristic of a job offer illustrates opportunity for job or career advancement?
a) Good schools in the neighborhood
b) Guaranteed pay raises with years of service
c) On-site elder care for employees' families
d) Opportunity to buy shares of stock in the company

A community with a cost of living index of 110.0 has a(n):
a) above average cost of living.
b) average cost of living.
c) below average cost of living.
d) constant cost of living

Tom was offered $50,000 for his first job as an accountant after graduating from college. This salary represents the:
a) average spread of annual earnings per year.
b) base salary for this career position.
c) highest salary for a specific career per year.
d) lowest salary for a specific career per year.

The salary range for a specific career is $25,000-$45,000 per year. A salary of $35,000 salary represents the:
a) average spread of annual earnings per year.
b) highest salary for a specific career per year.
c) lowest salary for a specific career per year.
d) the midpoint, or middle salary, in the median range of salaries.

Individuals who have gained more educational training are MORE LIKELY to have:
a) greater amount of leisure time.
b) higher estimated lifetime earnings.
c) lower personal satisfaction.
d) more spacious offices.

Careers in biotechnology are expected to increase over the next decade. This is an example of:
a) educational requirements.
b) nature of work.
c) occupational outlook.
d) working conditions.

A career as a professional athlete involves travel during most of each playing season. This is an example of:
a) educational requirements.
b) expected earnings.
c) occupational outlook.
d) working conditions.

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