Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Part 2
Final Review
| Question | Answer |
|---|---|
| 49. All of the following factors are within your control except | A. demand for workers in your chosen field. |
| 50. The amount of monthly or annual pay that you earn for working is called | D. Salary |
| 51. Jenny has just received a promotion at work. She will now probably | B. be doing more challenging work |
| 52. Learning new and different skills so you can retain the same level of employability is called | A. retraining |
| 53. A major economic trend affecting all Americans is | B. a growing world market for U.S. goods. |
| 54. Informal groups of people with common interests who interact for mutual assistance are called | D. networks |
| 55. Your values are shaped by | D. all of the above. |
| 56. The way people choose to live their lives, based on the values they have chosen, is called | A. lifestyle |
| 57. The first step in career planning is | B. self-analysis |
| 58. About how often should you reevaluate your career goals? | C. about every five years |
| 59. Spending a morning or afternoon with a worker in the type of job that interests you is called | D. job shadowing |
| 60. A type of employment agency that seeks out highly qualified people to fill important positions for an employer is a(n) | C. headhunter |
| 61. The letter address in a business letter | D. contains the name of the person to whom you are writing |
| 62. The simplified letter format differs from a typical business letter in that | A. it does not include a salutation |
| 63. Which of the following people should probably have a one-page resume? | B. Mandy, a recent college graduate who is looking for her first full-time job. |
| 64. Which of the following might not be included on a recent graduate’s resume? | A. career objective |
| 65. Which of the following would not make a good reference? | C. your brother |
| 66. When completing an employment application, | C. avoid the use of abbreviations. |
| 67. Which of the following is an example of an open-ended question? | A. Why are you interested in our company? |
| 68. This form—which you fill out when you start working for an employer—asks for your name, address, Social Security number, marital status, and the number of exemptions you claim for income tax purposes. | B. Form W-4 |
| 69. The more allowances you claim, | C. the less tax you will have withheld from your paycheck. |
| 70. Your permanent work identification number is called your | C. Social Security number. |
| 71. An employer must provide employees copies of Form W-2 for the previous tax year no later than _____ of the current year. | B. January 31 |
| 72. Which federal law requires hourly workers to be paid overtime wages for hours worked beyond 40 per week? | D. the Fair Labor Standards Act |
| 73. An insurance program that pays benefits to workers and/or their families for injury, illness, or death that results on the job is called | A. workers' compensation |
| 74. If your work on the job is of such quality that the employer can sell it or use it to favorably represent the company, it is said to be | C. marketable. |
| 75. This character trait means that you can be counted on to do what you say you will do. | D. dependability |
| 76. All employees should be provided with | D. all of the above |
| 77. A standard workweek is | C. 40 hours. |
| 78. Rate x Hours Worked = | B. Gross Pay |
| 79. If you are a salaried worker, | D. your gross pay is the same as your salary. |
| 80. For employees, the Social Security deduction is withheld at the rate of | C. 6.2 percent of the first $102,000 earned. |
| 81. Self-employed people must make estimated tax payments | C. quarterly |
| 82. Which of the following benefits are employers required by law to provide? | B. workers' compensation |
| 83. A type of incentive pay based on quality of work done or years of service on the job is called a | A. bonus |
| 84. In a flexible scheduling arrangement, the core time period is | D. a crucial time of day when all employees must be working. |
| 85. A work schedule that fits the normal 40-hour workweek into less than five days is called | D. a compressed workweek |
| 86. Members of this type of union are skilled, semiskilled, or unskilled employees in a particular place, industry, or group of industries. | B. industrial union |
| 87. When preparing a budget, you need to focus mostly on your | B. disposable income |
| 88. In a balanced budget, | D. expenses + savings = earnings + borrowing. |
| 89. Most experts recommend saving ___ percent of your disposable income each pay period. | A. 10 |
| 90. Which of the following is a variable expense? | C. grocery bill |
| 91. Which of the following would be considered an asset? | B. a checking account |
| 92. The IRS has the legal right to audit your tax returns and supporting records for ___ years from the date of filing. | B. 3 |
| 93. When one person makes an offer and another person changes it, the second person is | D. making a counteroffer |
| 94. Which of the following contracts must be signed to be legally binding? | A. a contract involving the sale of a farmhouse |
| 95. A person who creates and signs the promissory note and agrees to pay it on a certain date is called the | B. maker |
| 96. The person who cashes a check is called the | A. payee |
| 97. When a check is returned to the payee’s bank due to insufficient funds, the check is said to have | C. bounced |
| 98. When you open a checking account, most banks will require you to have an initial deposit of at least | D. $50 |
| 99. Which part of a check provides a place for you to write the purpose of the check? | B. the memo line |
| 100. Darren writes a check to the phone company for $45.60. He should record this amount in his checkbook register in the | C. Payment/Debit column |
| 101. A check is written to Taylor Thomas. On the back of the check, Taylor writes “Pay to the order of Rose Dryer,” then signs her name. What kind of endorsement is this? | A. special endorsement |
| 102. An interest-bearing checking account that pays a higher rate of interest than a usual account, but typically has more restrictions, is called a | D. money market account. |
| 103. A check written by a bank on its own funds is called a | B. cashier's check |
| 104. A request that a bank not honor a specific check is called a(n) | B. stop-payment order |
| 105. A person or institution that manages property for the benefit of someone else under a special agreement is | A. trustee |
Created by:
stevenmziray832