Question 1

Which one of the following would likely lead to the most added income over an individual's working career?

Accepted Answer

A)  two year vocational degree
B)  bachelor's degree
C)  master's degree
D)  professional or doctorate degree
E)  associate's degreeF) A) and B)
G) B) and E)

Question 2

A cafeteria-style employee benefits program allows workers to select the benefits they prefer based on their personal situations.

Accepted Answer

A) True 
 B)False

Question 3

Ned Turner has done some research and has found that the population in the U.S.is aging which means there will be an increased need for health care professionals in the future.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 C)

Question 4

Natural abilities that people possess are called:

Accepted Answer

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

Question 5

A screening interview is reserved for only the finalists in a job search.

Accepted Answer

A) True 
 B)False

Question 6

What is the purpose of a cover letter?

Accepted Answer

A)  obtain career planning information
B)  request a reference for a job
C)  develop résumé information
D)  research a career area
E)  express interest in a jobF) A) and D)
G) A) and C)

Question 7

A lack of willingness to accept a variety of employment positions is a common career planning mistake associated with a lack of:

Accepted Answer

A)  common sense.
B)  communication skills.
C)  training.
D)  flexibility.
E)  perseverancE.F) C) and E)
G) None of the above

Question 8

Which of the following is the point at which retirement contributions made on your behalf by the company belong to you even if you no longer work for the company?

Accepted Answer

A)  networking
B)  vesting
C)  a tax deferred benefit
D)  a tax exempt benefit
E)  break evenF) A) and D)
G) A) and E)

Question 9

A ____________ résumé is designed to obtain a specific job.

Accepted Answer

A)  functional
B)  chronological
C)  goal-oriented
D)  targeted
E)  dataF) B) and E)
G) A) and E)

Question 10

A common criticism of including a career objective on a résumé is that it:

Accepted Answer

A)  may be too vague.
B)  takes too much room on the résumé.
C)  is frequently the same as that of other candidates.
D)  is not of interest to most employers.
E)  usually does not relate to the job sought.F) B) and C)
G) All of the above

Question 11

The Occupational Outlook Handbook would be most useful for determining:

Accepted Answer

A)  jobs available in your community.
B)  current economic conditions.
C)  expected employment in various career clusters.
D)  interview questions for various careers.
E)  suggested résumé formats for various career fields.F) A) and B)
G) B) and D)

Question 12

Certain careers increase and decrease in demand based on changes in interest rates.

Accepted Answer

A) True 
 B)False

Question 13

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) C) and D)
G) C) and E)

Question 14

The education section of a résumé should include:

Accepted Answer

A)  names of instructors.
B)  course numbers.
C)  individual course grades.
D)  schools attendeD.
E)  class activities.F) A) and E)
G) A) and B)

Question 15

Corporate culture refers to the methods used by an organization to determine the value of employee benefits.

Accepted Answer

A) True 
 B)False

Question 16

Increased technology can result in a reduction of employment in one industry while creating new jobs in other industries.

Accepted Answer

A) True 
 B)False

Question 17

To assess the current value of a lump-sum retirement benefit that will be received in 10 years,use the ____________ calculation.

Accepted Answer

A)  present value of annuity
B)  present value of a single amount
C)  future value of an annuity
D)  future value of a single amount
E)  retained earningsF) A) and C)
G) B) and E)

Question 18

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

Accepted Answer

A)  list of references
B)  college transcript
C)  diploma
D)  cover letter
E)  recommendation letterF) A) and E)
G) A) and D)

Question 19

Suzanne is beginning to think she needs to find a new job.She is happy with her present salary and job duties,and has a large corner office with a wonderful view of the city.In spite of this,she dreads going to work each day.Discuss four reasons that may be to blame for her dissatisfaction at work.

Accepted Answer

1) Poor work environment: Despite having...

Question 20

Jeremy Irons has done some research and has discovered that the states with the largest population growth are Colorado and Arizona.Based on his findings,Jeremy believes these states will experience greater job growth as a result.This is an example of _____ influencing jobs in the future.

Accepted Answer

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

Exam 2: Financial Aspects of Career Planning

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

Correct AnswerverifiedShow Answer

A ____________ résumé is designed to obtain a specific job.

Correct AnswerverifiedShow Answer

A cafeteria-style employee benefits program allows workers to select the benefits they prefer based on their personal situations.

Correct AnswerverifiedShow Answer

A lack of willingness to accept a variety of employment positions is a common career planning mistake associated with a lack of:

Correct AnswerverifiedShow Answer

What is the purpose of a cover letter?

Correct AnswerverifiedShow Answer

Which one of the following would likely lead to the most added income over an individual's working career?

Correct AnswerverifiedShow Answer

Ned Turner has done some research and has found that the population in the U.S.is aging which means there will be an increased need for health care professionals in the future.This is an example of __________________ influencing jobs in the future.

Correct AnswerverifiedShow Answer

Jeremy Irons has done some research and has discovered that the states with the largest population growth are Colorado and Arizona.Based on his findings,Jeremy believes these states will experience greater job growth as a result.This is an example of _____ influencing jobs in the future.

Correct AnswerverifiedShow Answer

A screening interview is reserved for only the finalists in a job search.

Correct AnswerverifiedShow Answer

Corporate culture refers to the methods used by an organization to determine the value of employee benefits.

Correct AnswerverifiedShow Answer

Natural abilities that people possess are called:

Correct AnswerverifiedShow Answer

The education section of a résumé should include:

Correct AnswerverifiedShow Answer

Which of the following is the point at which retirement contributions made on your behalf by the company belong to you even if you no longer work for the company?

Correct AnswerverifiedShow Answer

The Occupational Outlook Handbook would be most useful for determining:

Correct AnswerverifiedShow Answer

Suzanne is beginning to think she needs to find a new job.She is happy with her present salary and job duties,and has a large corner office with a wonderful view of the city.In spite of this,she dreads going to work each day.Discuss four reasons that may be to blame for her dissatisfaction at work.

Correct AnswerAnswered by ExamLex AI1) Poor work environment: Despite having...View AnswerShow Answer

A common criticism of including a career objective on a résumé is that it:

Correct AnswerverifiedShow Answer

Federal tax-deferred employee benefits are:

Correct AnswerverifiedShow Answer

To assess the current value of a lump-sum retirement benefit that will be received in 10 years,use the ____________ calculation.

Correct AnswerverifiedShow Answer

Increased technology can result in a reduction of employment in one industry while creating new jobs in other industries.

Correct AnswerverifiedShow Answer

Certain careers increase and decrease in demand based on changes in interest rates.

Correct AnswerverifiedShow Answer

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Answered by ExamLex AI
1) Poor work environment: Despite having...
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