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Personal Finance
Test Description: This goes along with SS8E3
Instructions: Answer all questions to get your test result.
1) What term refers to the money one regularly earns through employment.
A
Tips
B
None are correct
C
Outcome
D
Income
2) True or False: One of the negatives to earning commission is there is no guarantee you will get paid.
A
True
B
False
3) True or False: Many salaried employees are allowed to receive overtime pay.
A
False
B
True
4) True or False: Low skill jobs are jobs that do not require an extensive educational background but may not have high wages.
A
False
B
True
5) True or False: Minimum wage is the lowest wage permitted by law; in the U.S. it is currently $15.00 an hour.
A
True
B
False
6) What term describes a plan for what to spend and what to save?
A
none of these are correct
B
spend/save plan
C
budget
D
retirement
7) What does buying things when you cannot afford them lead to?
A
debt
B
long-term sorrow
C
happiness
D
temporary fun
8) What term means a loan of money toward the purchase of something one cannot afford out-of-pocket?
A
Stupidity
B
Credit
C
The American Way
D
Financial irresponsibilty
9) True or False: Sixty-eight percent of 2015 bachelor's degree recipients graduated with student loan debt.
A
False
B
True
10) True or False: Digital learning is fun!
A
True
B
False
*select an answer for all questions
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