Question 1

Federal tax-deferred employee benefits are:

Accepted Answer

A)  not subject to federal income tax.
B)  not subject to state income tax.
C)  taxed at some future time.
D)  are taxed at a special rate.
E)  only available to union employees.F) None of the above
G) C) and E)

Question 2

What activities are commonly suggested when preparing for a job interview?

Accepted Answer

In preparation for a successful intervie...

Question 3

The main sources of networking include the following:

Accepted Answer

A)  Community organizations
B)  Professional associations
C)  Business contacts
D)  All of these
E)  None of theseF) A) and E)
G) C) and E)

Question 4

What factors influence career opportunities?

Accepted Answer

The job market is influenced by economic...

Question 5

The first step in the career planning and advancement process is:

Accepted Answer

A)  Develop a resume and cover letter.
B)  Research the employment market.
C)  Interview for available positions.
D)  Assess and research personal goals, abilities, and career fields.
E)  None of theseF) B) and D)
G) D) and E)

Question 6

A list of grades received in school is commonly included on a resume.

Accepted Answer

A) True 
 B)False

Question 7

In addition to inflation and consumer demand,what is another economic factor that can affect career opportunities?

Accepted Answer

A)  Demographic trends
B)  Interest rates
C)  Foreign competition
D)  Changing uses of technology
E)  Geographic trendsF) B) and E)
G) A) and E)

Question 8

Which of the following is sent to a company to indicate your interest in a position and to obtain an interview? (Hint: It is generally accompanied by your resume.)

Accepted Answer

A)  List of references
B)  College transcript
C)  Diploma
D)  Cover letter
E)  Recommendation letterF) A) and D)
G) None of the above

Question 9

The following people are acceptable references as long as they can verify your abilities:

Accepted Answer

A)  teachers
B)  previous employers
C)  supervisors
D)  business colleagues
E)  All of theseF) A) and D)
G) B) and E)

Question 10

The purpose of a behavioral interview is to:

Accepted Answer

A)  select the best applicants for further interviewing.
B)  obtain training information on a career area.
C)  better evaluate candidates for on-the-job potential.
D)  explore possible job opportunities in a career area.
E)  locate potential candidates for a position.F) B) and C)
G) A) and E)

Question 11

An interest inventory measures the natural abilities that people possess.

Accepted Answer

A) True 
 B)False

Question 12

The finalists for a job position are invited for a(n) ____________ interview.

Accepted Answer

A)  informational
B)  confirmation
C)  selection
D)  screening
E)  personal contactF) A) and E)
G) All of the above

Question 13

Blake Edwards has done some research and has discovered that economists believe interest rates will rise significantly over the next two years.Blake believes that this will lead to fewer homes being sold and fewer jobs in the banking and mortgage industries.This is an example of __________________ influencing jobs in the future.

Accepted Answer

A)  demographic trends
B)  economic conditions
C)  industry trends
D)  geographic trends
E)  educational trendsF) None of the above
G) B) and D)

Question 14

A person's birth date,sex,height,and weight should only be included on a resume‚ if that information relates specifically to qualifications for an employment position.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following economic conditions can affect career opportunities?

Accepted Answer

A)  High interest rates
B)  Decreased global demand for goods and services
C)  Price increases
D)  All of these
E)  None of theseF) D) and E)
G) B) and E)

Question 16

A tax-exempt employee benefit is usually more advantageous than a tax-deferred benefit.

Accepted Answer

A) True 
 B)False

Question 17

Natural abilities that people possess are called:

Accepted Answer

A)  interests.
B)  aptitudes.
C)  attitudes.
D)  personality traits.
E)  occupational techniques.F) A) and B)
G) C) and E)

Question 18

Joseph is eligible for a nontaxable life insurance benefit with an annual premium of $400 paid entirely by his employer.Assuming Joseph is in a 25% bracket,how much would he have to earn to pay for this benefit with after-tax dollars?

Accepted Answer

A)  $425.00
B)  $533.33
C)  $433.33
D)  $500.00
E)  $400.00F) A) and E)
G) A) and D)

Question 19

You are given the choice of $4,000 in extra taxable income per year or a tax-exempt medical policy.The medical policy costs $300 per month.Your tax rate is 25%.Considering financial factors only,should you take the cash or the medical policy? Explain your decision.

Accepted Answer

Take the company medical cover...

Question 20

When considering career training and skill development,what factors influence future income:

Accepted Answer

A)  education level.
B)  field of study.
C)  experiences.
D)  job market.
E)  All of theseF) A) and D)
G) C) and E)

Exam 2: Financial Aspects of Career Planning

Correct Answer
verified

A list of grades received in school is commonly included on a resume.

Correct Answer
verified

Joseph is eligible for a nontaxable life insurance benefit with an annual premium of $400 paid entirely by his employer.Assuming Joseph is in a 25% bracket,how much would he have to earn to pay for this benefit with after-tax dollars?

Correct Answer
verified

The purpose of a behavioral interview is to:

Correct Answer
verified

The main sources of networking include the following:

Correct Answer
verified

You are given the choice of $4,000 in extra taxable income per year or a tax-exempt medical policy.The medical policy costs $300 per month.Your tax rate is 25%.Considering financial factors only,should you take the cash or the medical policy? Explain your decision.

Correct Answer
verified
Take the company medical cover...
View Answer

Federal tax-deferred employee benefits are:

Correct Answer
verified

What factors influence career opportunities?

Correct Answer
verified
The job market is influenced by economic...
View Answer

In addition to inflation and consumer demand,what is another economic factor that can affect career opportunities?

Correct Answer
verified

An interest inventory measures the natural abilities that people possess.

Correct Answer
verified

A tax-exempt employee benefit is usually more advantageous than a tax-deferred benefit.

Correct Answer
verified

A person's birth date,sex,height,and weight should only be included on a resume‚ if that information relates specifically to qualifications for an employment position.

Correct Answer
verified

When considering career training and skill development,what factors influence future income:

Correct Answer
verified

The following people are acceptable references as long as they can verify your abilities:

Correct Answer
verified

The finalists for a job position are invited for a(n) ____________ interview.

Correct Answer
verified

The first step in the career planning and advancement process is:

Correct Answer
verified

What activities are commonly suggested when preparing for a job interview?

Correct Answer
verified
In preparation for a successful intervie...
View Answer

Which of the following economic conditions can affect career opportunities?

Correct Answer
verified

Which of the following is sent to a company to indicate your interest in a position and to obtain an interview? (Hint: It is generally accompanied by your resume.)

Correct Answer
verified

Natural abilities that people possess are called:

Correct Answer
verified

Exam 2: Financial Aspects of Career Planning

Correct AnswerverifiedShow Answer

A list of grades received in school is commonly included on a resume.

Correct AnswerverifiedShow Answer

Joseph is eligible for a nontaxable life insurance benefit with an annual premium of $400 paid entirely by his employer.Assuming Joseph is in a 25% bracket,how much would he have to earn to pay for this benefit with after-tax dollars?

Correct AnswerverifiedShow Answer

The purpose of a behavioral interview is to:

Correct AnswerverifiedShow Answer

The main sources of networking include the following:

Correct AnswerverifiedShow Answer

You are given the choice of $4,000 in extra taxable income per year or a tax-exempt medical policy.The medical policy costs $300 per month.Your tax rate is 25%.Considering financial factors only,should you take the cash or the medical policy? Explain your decision.

Correct AnswerverifiedTake the company medical cover...View AnswerShow Answer

Federal tax-deferred employee benefits are:

Correct AnswerverifiedShow Answer

What factors influence career opportunities?

Correct AnswerverifiedThe job market is influenced by economic...View AnswerShow Answer

In addition to inflation and consumer demand,what is another economic factor that can affect career opportunities?

Correct AnswerverifiedShow Answer

An interest inventory measures the natural abilities that people possess.

Correct AnswerverifiedShow Answer

A tax-exempt employee benefit is usually more advantageous than a tax-deferred benefit.

Correct AnswerverifiedShow Answer

A person's birth date,sex,height,and weight should only be included on a resume‚ if that information relates specifically to qualifications for an employment position.

Correct AnswerverifiedShow Answer

When considering career training and skill development,what factors influence future income:

Correct AnswerverifiedShow Answer

The following people are acceptable references as long as they can verify your abilities:

Correct AnswerverifiedShow Answer

The finalists for a job position are invited for a(n) ____________ interview.

Correct AnswerverifiedShow Answer

The first step in the career planning and advancement process is:

Correct AnswerverifiedShow Answer

What activities are commonly suggested when preparing for a job interview?

Correct AnswerverifiedIn preparation for a successful intervie...View AnswerShow Answer

Which of the following economic conditions can affect career opportunities?

Correct AnswerverifiedShow Answer

Which of the following is sent to a company to indicate your interest in a position and to obtain an interview? (Hint: It is generally accompanied by your resume.)

Correct AnswerverifiedShow Answer

Natural abilities that people possess are called:

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Take the company medical cover...
View Answer

Correct Answer
verified

Correct Answer
verified
The job market is influenced by economic...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
In preparation for a successful intervie...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified