Learning new and different skills so you can retain the same level of employability is called
retraining
Which of the following would probably be the best resource for someone who wanted to learn about how to start and run a small business?
Junior Achievement
The first step in career planning is
self-analysis
Your values are shaped by
all of the above.
In the closing paragraph of an application letter, you should
ask for an interview
When completing an employment application,
avoid the use of abbreviations.
All of the following are hygiene factors except
having adequate supplies on hand.
The ability to differentiate facts from opinion is called
critical listening.
An employer must provide employees copies of Form W-2 for the previous tax year no later than _____ of the current year.
January 31
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.
Form W-4
For employees, the Social Security deduction is withheld at the rate of
6.2 percent of the first $102,000 earned.
Which of the following benefits are employers required by law to provide?
workers' compensation
You must file your tax return by this date every year.
April 15
Your filing status on your tax return is based on
your marital status
Most experts recommend saving ___ percent of your disposable income each pay period.
10
When preparing a budget, you need to focus mostly on your
disposable income.
A request that a bank not honor a specific check is called a(n)
stop-payment order.
When a check is returned to the payee's bank due to insufficient funds, the check is said to have
bounced.
Government student loans
usually do not require payments until after graduation.
Interest paid on the original principal plus accumulated interest is called
compound interest.
According to the Rule of 72, if an investment of $5,000 is yielding an average of 6 percent, it will take ___ years for that investment to be worth $10,000.
12
The price of a share of stock divided by the corporation's earnings over the past 12 months is the
P/E ratio.
One main distinction between stocks and bonds is that
a bond's interest does not go up and down, like stock dividends.
Which of the following is a sales charge paid when you sell an investment?
a back-end load
Which of the following is the most risky investment?
growth fund
One difference between a charge card and a credit card is that
. the full balance on a charge card must be paid each month.
On a FICO score, new credit is rated based on
the number of recently opened accounts and the number of recent credit inquiries.
Which of the following is the first step most people take to establish a good credit record?
open a savings account
The unpaid portion of a loan is called
principal.
You will receive a payback in the form of points that can be redeemed for merchandise if your credit account has a(n)
rewards program.
This occurs when creditors file a petition with a court asking the court to declare you bankrupt.
involuntary bankruptcy
With this type of debt adjustment, a finance company lends you money to pay off your debts, and you make a monthly payment to the finance company until the debt is repaid.
debt consolidation loan
Suppose Susan purchased a used car three years ago for $2,500. Today, the car's engine stopped working and cannot be fixed. In this case, the $2,500 represents a(n)
sunk cost.
Which of the following would probably be classified as a life-enhancing want?
wristwatch
Most financial experts advise allotting _____ percent of your total budget for housing.
25 to 35
The monthly charge you pay to live in an apartment is called
rent
For purposes of computing property taxes owed against your home, the city or county in which you live sets a(n) _____ value on the property.
assessed
Janice and Steve bought a home five years ago for $130,000. Today, the home is worth $150,000. Which of the following statements is correct?
Janice and Steve's property has appreciated by $20,000.
Monthly car payments should be no more than _____ percent of the money you have left after paying all of your other expenses.
20
Which of the following vehicles would most likely have the highest insurance rate?
a brand-new sports car
Which government agency provides long-term disability coverage to some workers?
the Social Security Administration
Which of the following wedding expenses would most likely be paid by the best man?
the bachelor dinner
Hassan has liability insurance coverage at 100/300/50. How much will Hassan's insurer pay for property damage per accident?
up to $50,000
Which of the following items would NOT be covered by most homeowner's insurance policies?
a car stereo
The maximum duration of benefits under most disability policies is until
age 65.
This law allows people who leave employment to continue their health insurance under the company plan for a limited period of time.
COBRA
The FDA does all of the following EXCEPT
provides food assistance programs such as food stamps and school lunch programs.
Which of the following required product labels to contain accurate names, quantities, and weights?
the Fair Packaging and Labeling Act of 1966
The person against whom a lawsuit is filed is called the
defendant.
Which government agency would a consumer contact for assistance with a complaint involving warranties?
Federal Trade Commission