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Finance Flashcards

Personal Finance: Chapter 2: Career Planning

Which of the following is likely to be the largest cost of withdrawing the funds from an employer-based retirement plan when you change jobs prior to retirement?A. the ten percent penalty for early withdrawal B. the taxes you must pay on the withdrawalC. the lost future growth if the funds had been left on deposit D. the penalty assessed by the employer C. the lost future growth if the funds had been left on deposit
Which of the following persons can assist your career advancement for a fee?A. sponsorB. mentor C. reference D. career coach D. career coach
_____ are topics and activities that engage your attention.A. professional interests B. career plans C. career goals D. professional abilities A. professional interests
In preparation for a job interview, you should?A. B. C. anticipate interview questions and prepare response D. C. anticipate interview questions and prepare response
When comparing the buying power of a salary offer of $52,000 in Boston with a $49,000 offer in Los Angeles, the Boston salary offer would buy ______ of goods and services in Los Angeles, assuming the index was 130.6 for Boston and 114.9 for Los Angeles.A. $55,695B. $45,748C. $43,109D. $59,105 B. $45,748
A ________ is the most important part of your employment search. A. cover letter B. job application C. job interview D. reference letter C. job interview
After hiring an employee, the law requires to do all of the following except?A. B.C.D. pay all of the employee’s health care expenses D. pay all of the employee’s health care expenses
Your ______ determines the unique approach you take to working with and regarding to your job requirements, surroundings, and associates.A. values B. work-style personality C. aptitudes D. interest inventory B. work-style personality
To assign monetary value to employee benefits, you can place a market value on the benefit or calculate the _____ value of the benefit.A. present B. future C. index D. physical B. future
A _______ is powerfully positioned champion who advocates on a job protege’s behalf and guides the protege toward key players and assignments.A. mentor B. sponsor C. interneeD. career coach B. sponsor
Which of the following resources would be least helpful in your job search?A. classified advertisements B. career fairs C. information from professional friends and acquaintances D. employment agencies A. classified advertisements
When changing employers, wisest options for the money you have in your current employee-sponsered retirement plan typically involves all but which of the following?A. moving the balance to an IRA rollover account B. transferring the money to your employer’s 401(k) plan C. leaving the money in your old employer’s planD. withdrawing and spending the money D. withdrawing and spending the money
Popular formats for resumes include all of the following except?A. skills formatB. chronological format C. salary formatD. functional format C. salary format
When comparing the buying power of a salary offer of $50,000 in Boston with a $53,000 offer in Los Angeles, the Los Angeles salary offer could buy _____ of goods and services in Boston assuming the index of 130.6 for Boston and 114.9 for Los Angeles?A. $56,832B. $46,628 C. $60,241D. $43,989 C. $60,241
Which of the following describes the progression from entry level of position to higher levels of pay, skill, responsibility, or authority?A. career plan B. career ladder C. employment patternD. interest inventory B. career ladder
The act of recommending someone to another for possible employment is called a?A. internship B. mentor C. referral D. cover letter C. referral
A _____ is one where a worker is expected to represent their employer on call day and night?A. career B. STEM career C. no-limits job D. internship C. no-limits job
The ______ is a highly regarded interest inventory. A. stanford-binest assessment B. likert inventory C. simpson test of preferences D. strong interest inventory D. strong interest inventory
A _________ is an experienced person, such as a coworker, who offers friendly career-related advice, guidance, and coaching to a less experiences worker. A. mentor B. sponsor C. internee D. career coach A. mentor
College majors in science, technology, engineering and mathematics are?A. declining in importance among employersB. are among only a few that pay good salaries upon graduation dayC. referred to STEM majors D. less attractive to employers that vague majors that imply a broad range of skills C. referred to STEM majors
All are examples of non salary benefits except?A. paid sick leaveB. bonusC. child careD. tuition reimbursement B. bonus
Websites developed to helping employers find suitable new employees by providing job listings, job sites, job search tips, job search engines and the possible posting of resumes are called?A. job boardsB. career blogs C. career fairs D. job posts a. job boards
All of the following would be considered wise moves in career planning except?A. learning as much as possible about a company before your interview B. assuming that your need for higher education is finished once you obtain a job in your chosen fieldC. transferring your 401(k) to your new employers plan when you change jobs D. continued participation in your previous employers health care plan until you are covered by a new employers plan B. assuming that your need for higher education is finished once you obtain a job in your chosen field
To advance you career, you should?A. stay alert to what is happening in your career fieldB. both volunteer for new assignments and stay alert to what is happening in your career field C. volunteer for new assignments D. avoid outside activities such as coaching your child’s soccer team B. both volunteer for new assignments and stay alert to what is happening in your career field
It is especially important to use key phrases when preparing your resume because?A. computer software is typically used to scan resumes and select better qualified candidates B. it saves time when writing your resume C. you want to show that you are well educated D. many employers will be impressed with your vocabulary A. computer software is typically used to scan resumes and select better qualified candidates
According to the U.S. Census Bureau a person with a bachelors degree earns about how much more per year than someone with a high school diploma?A. $56,000B. $16,000C. $34,000D. $26,000 B. $16,000
According to the U.S. Census Bureau a person with an advanced degree earns about how much more than someone with a bachelors degree? A. $34,000B. $16,000C. $23,000D. $56,000 A. $34,000

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