Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Financial literacy > chapter 1 & 2 quiz > Flashcards

chapter 1 & 2 quiz Flashcards

1
Q

A monthly publication of the US Department of Labor that contains current articles about occupation clusters, and many statistics, tables, and graphs are..

A

monthly labor reviews

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

A listing of the positive and negative attributes of a career choice is called..

A

job analysis

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

The amount of your monthly or annual pay is called

A

salary

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Sick pay, vacation time, and profit-sharing are examples of ________ which you receive in addition to income.

A

benefits

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

The ability to advance two positions or greater responsibility refers to ________ opportunities.

A

promotion

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Uniforms and their cleaning are examples of ______ that are not paid for by employers.

A

employee expenses

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Job duties and activities, called _____, are important because you do these things every day on the job.

A

work characteristics

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

A listing of strengths, weaknesses, and plans of action designs to improve a person’s employability is called..

A

self-assessment

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

The learning of new and different skills so that an employee can retain employability is called…

A

retraining

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Intensive, specialized programs (taken after obtaining the first college degree) that prepares participants for higher-level work responsibilities is called..

A

advanced degree

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

For students seeking job or career help, a(n) ____ offers advice and counseling for students in making career choices.

A

placement center

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

The attainment of higher skill levels to extend or enhance employability is called..

A

upgrading

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

_____ are nations that currently have a little industry and a low standard of living and represent opportunities for businesses to invest.

A

Developing

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

A person is a _______ when he or she actively seeks new knowledge, skills, and experiences.

A

life long learner

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

To cope with _______, there are three things you can do; accept it, reject it, or ignore it: progress cannot be stopped.

A

change

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

One who organizes, manages, and assumes the ownership risk of a business or enterprise is called an..

A

entrepreneur

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

Informal communication structures that are established for people to talk to each other and share information is called a..

A

network

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

T/F

Chances are you will be able to stay in the same job, without any changes, for 25 years or more.

A

False

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

T/F

Less education is necessary to prepare for a career than was the case 10 or 20 years ago.

A

False

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

T/F

New technology will require many workers to upgrade and retrain or be unemployable.

A

True

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

T/F

Employee expenses are costs paid by employees but not reimbursed by employers.

A

True

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

T/F

A person going into business has many sources of information or assistance to help him or her.

A

True

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
23
Q

T/S

Having another person objectively assess your strengths and weaknesses is one way to help clarify your self assessment.

A

True

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
24
Q

T/F
Businesses it should stick with what is working today rather than reinventing themselves for what might happen in the future.

A

False

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
25
Q

T/F

Networking begins with having a complete system of contacts -personal, business, and professional- already in place.

A

False

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
26
Q

T/F
Most economists agree that America should have moved forward and maintain leadership in the information age, rather than try to recapture leadership in manufacturing.

A

True

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
27
Q

T/F

While long-term planning is necessary for businesses, it is not an essential part of an individual’s career planning.

A

False

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
28
Q

Which of the following is not an example of a developing country that has risen economically in the past few years?
A) Sweden B) Brazil C) South Korea D) Mexico

A

Sweden

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
29
Q

One of the highest paying career groups is A) agricultural

B) professional C) informational D) industrial

A

professional

30
Q

A US Department of Labor Publication that gives in depth job descriptions of information in 11 career categories are..

A

Occupational Outlook Handbook (OOH)

31
Q

Which of these is not a publication of the US Department of labor?
A) Occupational Outlook Handbook B) Dictionary of Occupational Titles
C) Business Periodicals Index D) Monthly Labor Review

A

Business Periodicals Index

32
Q

Which of these is an online source of career advice? A) Monthly Labor Review B) Monster C) Occupational Outlook Handbook D) O*Net

A

Occupational Outlook Handbook

33
Q

In a job analysis, which of these is considered a positive feature of a career? A) employee expenses B) benefits C) downsizing D) all of these

A

benefits

34
Q

Informal groups of people with common interests are called A) networks B) upgrading C) retraining D) entrepreneurs

A

networks

35
Q

Who you are and how you fit in is your ______, wants, and goals.

A

needs

36
Q

Chances are your beginning career will change in _____ years.

A

5

37
Q

The things in your life that you consider to be important to you are called ______.

A

values

38
Q

The way you choose to live your life, which is based on the values you have chosen, called ______.

A

lifestyle

39
Q

A natural physical or mental ability is an _____.

A

aptitude

40
Q

Individual qualities and traits that make you a unique person make up your _____.

A

personality

41
Q

A desired end toward which efforts are directed is a ______.

A

goal

42
Q

A goal that is planned for the next few months or years is called an ________ goal.

A

intermediate

43
Q

A person you know who has inside information about job openings is called a __________.

A

contact

44
Q

Spending a morning or afternoon with a worker in a job that interests you is known as ______.

A

job shadowing

45
Q

A record of the jobs you have had and how long you worked each is your ______.

A

work history

46
Q

A type of employment agency that seeks out highly qualified people to fill positions is a _____.

A

headhunter

47
Q

A good _______ includes using effective job search techniques, developing appropriate skills, seeking part time work, and keeping yourself from being locked into a career.

A

claim of action

48
Q

Public and private _____ help job seekers find a job for which they are qualified.

A

employment agency

49
Q

When you work and learn to do something well, you are said to have gained _____ in that area, making you more valuable as an employee.

A

experience

50
Q

Many schools have ______ students attend classes part of the day and then go to a job that provides supervised field experience.

A

cooperative education

51
Q

A ______goal is one you expect to reach in a few days or weeks.

A

short term

52
Q

To seek information online and in book, pamphlets, articles, and all resources available is to _______ a topic or subject.

A

research

53
Q

T/F

When you are attending school full time, your central life is that of being a student.

A

True

54
Q

T/F
When a job fails to meet a persons needs, wants, and goals, that person is likely to be frustrated and unhappy in his/her work.

A

True

55
Q

T/F

During our high school years, you will form many values of your own, while rejecting all your parents’ values.

A

False

56
Q

T/F

Many job openings are never advertised; they are filled by people who have contacts within the company.

A

True

57
Q

T/F

The first thing you should do in good career planning is to devise a mom planning action.

A

False

58
Q

T/F

A long term goal takes place in 5 - 10 years or longer; it might include getting a college degree.

A

True

59
Q

T/F

When you work at a job and gain experience and expertise, you become more valuable as an employee.

A

True

60
Q

T/F

A temp agency provides full time permanent job placement, usually without a fee.

A

False

61
Q

T/F

The state employment office does not charge you a few to help you find a job.

A

True

62
Q

The average career span is _____ years during a life time.

A) 15 B) 25 C) 25-40 D) 40+

A

40+

63
Q

When you are no longer a student and have begun your career, your central life activity is likely to be your
A) marriage B) job C) hobby D) friends

A

job

64
Q

A career is considered to be an important value in most peoples lives, because it influences
A) job satisfaction B) goals C) friendships D) all of these

A

All of these

65
Q

Your appearance, enthusiasm, and attitude are all examples of qualities that make up your
A) job profile B) lifestyle C) values D) personality

A

personality

66
Q

Intermediate goals, such as graduation and travel plans, can take _______ to complete.
A) days B) weeks C) a few months D) 10 years

A

a few months

67
Q

Career planning does not include

A) credit counseling B) research C) re evaluation D) self analysis

A

credit counseling

68
Q

Job search techniques do not include

A) getting organized B) making a plan C) going with friends to interviews D) following up

A

going with friends to interviews

69
Q

A circle of friends, acquaintances, and relatives provide each of us with a certain number of
A) references B) contacts C) suppliers D) skills

A

contacts

70
Q

Which of these records would not be found in a placement folder?
A) attendance B) academic C) discipline D) credit

A

credit

71
Q

An alphabetical subject listing of business services is know as
A) classified ads B) want ads C) Yellow Pages D) personal contacts

A

Yellow Pages

Financial literacy (9 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions