Final Finance Exam Flashcards
___Saving to replace your printer will mean considering the time and money required to reach your goal.
True
Being late for a job interview is one of the worst mistakes an applicant can make.
True
When you’re new on the job, you should pay special attention to your appearance to make a good impression.
True
Every business is required by law to make formal, written rules and regulations available to all employees called a handbook.
True
Once you’ve received your first promotion in your chosen career, you will not need to pursue further education.
False
You can use a spending log to figure out how much you spend in various categories
True
The first step in meeting your financial goals is to identify them.
True
One of the benefits of volunteering is that you can put the experience on your resume.
True
Linking goals to values helps motivate people to achieve their goals.
True
Include expected or estimated income and known or estimated expenses when creating an ongoing goal chart.
False
Tangible items that can be touched, used, and purchased are:
Goods
Which of the following is an example of human resource?
Knowledge
Trying to save money to buy a house while you are working only 10 hours a week would not be practical.
True
When you are setting up your budget, you should include the money you earned selling your dog’s litter of puppies.
False
One primary difference between commercial banks and credit unions is that commercial banks operate to make a profit.
True
Using a credit card is just like writing a check in that it withdraws money from your checking account.
False
Ethical behavior calls for honesty. Which of the following actions could be considered ethical?
Studying for a test with a friend.
Having a bank account is more cost effective than using a check cashing company.
False
One way teens can begin taking responsibility for their finances is to open a low-activity checking account with a parent or guardian.
True
If you have $1,000 you should deposit it in a checking account because it pays more interest than a savings account.
False
A dividend is an investment in the ownership of a corporation.
False
______ gives you access to a vast diversity of goods and services through worldwide markets.
Globalization
Always discard old bank statements that you no longer need.
True
________ is used to determine eligibility for federal financial aid.
The Free Application for Federal Student Aid (FASFA)
An example of an aptitude is:
Drawing
Which of the following best represents a measurable goal?
I want to have a masters degree.
__________ is the elimination of jobs generally because the economy is suffering.
Downsizing
Which of the following is a graduate degree?
Masters degree
Which of the following is a postgraduate degree?
Doctorate
A check is a written order for the bank to pay a specific amount to the person or business to whom it is written.
True
Which of the following will most likely require continuing education classes?
Teaching license
Which employment form is used to verify an employee’s identity and that he or she is authorized to work in the United States?
Form I-9
Which of the following is considered a Variable Expense?
Groceries
What is the act of giving away money, good, services, or time to support a cause?
Philanthropy
Which section of a resume is typically the main focus of an employer’s attention?
Work experience
Interest paid to you on an investment that is based solely on your initial deposit?
Simple Interest
Which employment form is used when filing income tax returns?
Form W-2
Which of the following best describes a Budget?
A spending and savings plan based on a person’s income and expenses.
