2. 3.02 Review Personal Finance

3. How are educational requirements and career options related? Educational requirements: A. and career options are not related. B. are the same for anyone who pursues a career. B. are the same for anyone who pursues a career. C. only help students prepare for careers in business. C. only help students prepare for careers in business. D. provide criteria that guide career pathways.

4. Stock options, company car, relocation expenses, and tuition reimbursement are all examples of: A. additional perks of the job. B. base salary. C. employer-provided services. D. insurance benefits.

5. Which characteristic of a job offer illustrates opportunity for job or career advancement? A. Good schools in the neighborhood B. Guaranteed pay raises with years of service C. On-site elder care for employees' families D. Opportunity to buy shares of stock in the company D. Opportunity to buy shares of stock in the company

6. Students should become familiar with as many careers as possible in order to: A. be able to finish high school. B. feel competent taking tests. C. give advice to friends. D. learn which careers match personal interests. D. learn which careers match personal interests.

7. Choosing a work community that has good health care services, schools, and child care are all examples of: A. additional perks and vacation leave. B. base salary and fringe benefits. C. employer-provided services and child care. D. location and environment.

8. How are abilities and career preparation related? Abilities: A. and career preparation are not related. B. only help students select the kind of classes to take. B. only help students select the kind of classes to take. C. provide guidance to the best career options available. C. provide guidance to the best career options available. D. provide little valuable direction in career preparation. D. provide little valuable direction in career preparation.

9. Individuals who have gained more educational training are MORE LIKELY to have: A. greater amount of leisure time. B. higher estimated lifetime earnings. C. lower personal satisfaction. D. more spacious offices.

10. A career as a professional athlete involves travel during most of each playing season. This is an example of: A. educational requirements. B. expected earnings. C. occupational outlook. D. working conditions.

11. The salary range for a specific career is $20,000- $70,000 per year. The $20,000 salary represents the: A. average spread of annual earnings per year. B. guaranteed entry-level salary for this specific career. B. guaranteed entry-level salary for this specific career. C. highest salary for a specific career per year. D. lowest salary for a specific career per year.

12. The average cost of homes in Asheville is $189,564. The average cost of homes in Lexington is $193,286. This information indicates that the cost of living A. in Lexington is probably higher than in Asheville. A. in Lexington is probably higher than in Asheville. B. in Asheville is probably higher than in Lexington. B. in Asheville is probably higher than in Lexington. C. in Asheville is the same as in Lexington. D. in Asheville is growing more quickly than in Lexington D. in Asheville is growing more quickly than in Lexington

13. A career as a secretary is expected to decline with less jobs being available. This is an example of: A. educational requirements. B. nature of work. C. occupational outlook. D. working conditions.

14. Tom was offered $50,000 for his first job as an accountant after graduating from college. This salary represents the: A. average spread of annual earnings per year. B. base salary for this career position. C. highest salary for a specific career per year. D. lowest salary for a specific career per year.

15. Careers in biotechnology are expected to increase over the next decade. This is an example of: A. educational requirements. B. nature of work. C. occupational outlook. D. working conditions.

16. Which type of information found in The Occupational Outlook Handbook can be accessed through the internet? A. Description of classes offered in college B. Education needed in high school C. Potential earnings for a career D. Statistics on graduation rates

17. The salary range for a specific career is $25,000- $45,000 per year. A salary of $35,000 salary represents the: A. average spread of annual earnings per year. B. highest salary for a specific career per year. C. lowest salary for a specific career per year. D. the midpoint, or middle salary, in the median range of salaries. D. the midpoint, or middle salary, in the median range of salaries.

18. A community with a cost of living index of 110.0 has a(n): A. above average cost of living. B. average cost of living. C. below average cost of living. D. constant cost of living.