LE300 & Cultural Studies Midterm Study Guide Flashcards
A personal financial plan can make the difference between being able to do the things you want to do and feeling that you’ll never reach your _______ in life.
Goals
__________ is/are an example of a need.
Transportation Expenses
What would be considered an asset?
Gold ring
What would be an intangible asset?
Your life
Which of the following is considered an investment?
Shares
If you enter military service, you can retire after _____ years of service.
20
What question should you ask yourself when establishing your financial goals?
How important is money to you?
When setting an intermediate financial plan, it should cover the following timeframe:
1-5 years
When setting a long-term financial plan, it should cover the following timeframe:
5+ years
The US government insures the money in most banks and credit unions up to _________.
$250,000
What is a step for developing a financial plan?
Select the best plan to achieve your goals
Your financial plan should have a(n) __________ level of risk.
Acceptable
What income should be considered as part of your budget?
All of the above
What expenses should be considered as part of your budget?
Entertainment purchases
The US government protects up to ____________ of customers money with of licensed banks.
$250,000
What is an advantage of owning a bank account?
You can get your money if you need it
With a bank account, you will be able to show that you are ______________ with your money.
Responsible
What is an account for depositing money you want to access money with a debit card?
Checking
You can access your account from nearly anywhere in the world through ________.
ATMs
Some banks will allow you to rent a(n) _______________ where you can store valuable documents or other items.
Safe Deposit Box
Your employer may use _______________ to deposit your paycheck directly in your account.
Direct deposit
What is a requirement for a loan?
Good credit history
Deposits at a bank are insured by the ___________________.
Federal Deposit Insurance Corporation (FDIC)
What is an advantage of electronic banking?
Time saved by not having to visit a bank
If you use an ATM facility not affiliated with your bank, you can incur ______.
Fees
What is a tip for internet shopping?
Fully understand the return policy
What is a tip to becoming a smart grocery shopper?
Watch for sales
When shopping for clothes, which of the following tips should you follow?
Shop at discount stores
When renting an apartment, who is responsible for repairs when something goes wrong?
Landlord
What tip should you follow when shopping for an apartment?
Know whether utilities are included
What is an advantage of leasing a vehicle?
You don’t need a down payment
According to Consumer Reports, for many reasons, it usually ______________ to lease than to buy a car.
costs more
Whatis an advantage of buying a vehicle?
You will have equity in the car.
What is considered a positive aspect of credit?
Good credit can help you reach your goals.
What is a disadvantage of using credit?
You will be tempted to make impulse purchases.
Many people have __________ because they make only the minimum payments on their credit cards each month.
Big debts
What source of credit would be used to pay for goods or services at any business establishment?
Credit Card
What is a tip for managing your credit?
Limit yourself to no more than 2 credit cards
In order to apply for a credit card, you must show which of the following?
You are 18 years old
What personal information may be asked on a credit card application?
All of the above
What is used by credit card companies to evaluate your credit application?
Character
A good practice to establish credit is to:
Make regular payments
What steps should you do if you think you’re getting into trouble?
Stop borrowing
What principle does insurance work on?
Shared risk
What is a reason that insurance is a good investment?
Provides financial security
What would be required with a deductible of $500?
You pay the first $500 of damages
What is true if you choose a high deductible?
Lower premiums
Uninsured Motorist Protection would cover financial losses due to:
Injuries caused by a driver without insurance
What would be considered the most low-risk driver?
Twenty-five-year-old female
What can you do to prevent identity theft?
Destroy all financial statements
Which organization reported that the growth in high-paying jobs will be in technical and medical fields?
Bureau of Statistics
What statement is true regarding jobs?
Jobs involve specific duties within designated hours
According to the U.S. Department of Labor’s Bureau of Statistics, which occupation has the largest numerical declines through 2020?
Farmers
According to the U.S. Department of Labor’s Bureau of Statistics, which occupation has the largest numerical increases through 2020?
Registered nurses
A high school diploma can increase your earning potential by _____ as opposed to no high school diploma.
82%
What would be the minimum needed for a career as a high school teacher?
Bachelor’s degree
In the field of __________, you would care for ill, injured, convalescent, or disabled patients.
Registered Nurses
What is the name of the employment agency for the Federal Government?
Office of Personnel Management (OPM)
What career factor is described by your combined knowledge, skills, and self-confidence gained through events and activities?
Experience
What is a task in good career planning?
Evaluate your attitudes, abilities, and preferences
Which online source can be used to find titles for thousands of jobs?
Dictionary of Occupational Titles
What subjects would a person with Musical/Rhythmic Intelligence enjoy?
Dance
What intelligence is effective when studying in a quiet area?
Intrapersonal
What primary intelligences would an engineer likely to possess?
Visual/spatial
What career would a person with a primary intelligence of bodily/kinesthetic most likely choose?
Mechanic
If you prefer to read a text than listen to a lecture, then you prefer which learning style?
Visual
What type of learner prefers oral instruction to learning?
Auditory
Which of the following is a true statement?
Once you choose a career, you can still explore other options
A standard work year is __________ hours.
2080
A technical training program could prepare for a career as a __________.
Carpenter
What describes the process of following a person around during the workday in a field that interests you?
Job shadowing
What is an advantage of pursuing a post-secondary degree?
Earning potential is substantially more
What term describes a person who works manual labor?
Blue Collar Job
What careers would be available by earning a certificate or two-year degree?
Plumber
To become an engineer, what minimum degree must you have?
Bachelor’s degree
Some of all beliefs, values, behaviors, & symbols that have meaning for a society.
Culture
How does culture impact you?
Defines how you interact with others
What does a belief system do?
Sets standards & defines acceptable behavior
How does your worldview impact you?
How we see the world & understand our place in it.
What must you do when studying other cultures?
Keep your judgment in check, and try to appreciate other cultures.
Foster’s unity explores new ways of doing things and prepares you to be a global citizen.
Benefits of studying cultures
What percentage of the world’s population uses the Internet?
Over 53%
How much of communication is nonverbal?
70-80%
How do countries limit the use of smartphones?
Limited access, cost, censorship
How has social media impacted connections between cultures?
Allows cultures to interact, and breaks down divisions & distance.
What can technology do to a culture’s development?
Permanently change it
The Middle East is also called the ________
Cradle of Civilization
The Dead Sea and the Caspian Sea are actually _______.
Lakes
The Dead Sea is also the ________________.
Lowest body of water in the world
The Caspian Sea is the _________________.
Largest lake in the world
The Arabian desert is the _____ largest desert.
2nd
Arabian desert consists of ____________.
Rolling sand dunes
Why is the Middle East the cradle of civilization?
First place where complex cities grew
What religions originated in the ME?
Judaism, Christianity, Islam
The _________ Empire ruled the ME from 1299-1918
Ottoman
What started the War on Terror?
Attacks on World Trade Center
What countries are oil-producing in the ME?
Saudi Arabia, Iran, Kuwait, Iraq & UAE
_____ of the world’s oil comes from the ME.
1/3
Iranian core culture is the principle of _____
Taarof
What are the major sects of Islam?
Sunni, Shia
Muslims are to pray _____ times a day
Five
Muslims fast during ______________.
Ramadan
Muslims make a ________ to Mecca.
Hajj
Men: no shorts, sleeveless or tight shirts
Women: scarves over head/neck, loose fitting pants (legs covered), baggy top to mid thighs
Dress code for Muslims
Most Israelis consider themselves _______.
European
The Jewish holy book is the ______.
Torah
Jews worship in a ____________.
Synagogue
Technology has ___________ and ____ percent of exports are advanced technology, military, or security systems
transformed, 50
Military service is mandated for _____ _____.
Men and women
Saudi Arabia is governed by __________.
Sharia law
Saudi Arabia is the world’s leading exporter of ____.
Oil
Government mandate for digital transformation, shift economic growth away from oil revenue, support innovation & entrepreneurship
Saudi Vision 2030 Vision
Immigrants/guest workers provide ____ of unskilled labor.
76%
What percentage of the workforce are women?
22%
What does business have to be worked around?
Call to prayer
Why is nepotism viewed as a good thing?
Shows that someone is known & loved.
Much of the country is ___________ for living and most Canadians live where?
Not suitable
What does Universal healthcare not cover and why do Canadians have health insurance?
Prescriptions/dental/eye care; coverage varies in provinces
How formal are Canadian business meetings?
More formal
Canada has the ____ largest oil reserves in the world.
3rd
What is the citizen’s attitude toward government and why?
Suspicious because it is corrupt.
How do they work around the problems in government?
Bribes, personal networks key
How many people in Mexico live in poverty?
50%
What class are most people in Mexico?
Lower class
How does skin color impact class?
Lighter=higher, darker=lower
What does Cinco de Mayo celebrate?
Battle of Peubla
Someone who seems too relaxed & always delays doing things
Manana attitude
What is the largest industry in Mexico?
Services
Workers not regulated/protected by the state
Informal workers
How many Mexicans are informal workers?
60%
