Finance Chapter 2

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.)

Cover letter

A type of employee benefits program that allows workers to base their job benefits on a credit system and personal needs is called:

cafeteria-style.

Compared to a job, a career:

demands regular updating of knowledge.

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.

demographic trends

Changes in the demand for goods and services are an example of a(n) ____________ influence on the job market.

economic

A person who has worked in many fields and has a variety of skills in categories such as communications, research, and personnel administration would probably be best served with the use of a ____________ resume.

functional

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.

geographic trends

For an entry-level position, a person's resume is likely to be:

one page.

The final step of the career planning process is to:

plan for career development.

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

present value of a single amount

What is the purpose of a cover letter?

Express interest in a job

The education section of a resume should include:

schools attended.

An interest inventory measures a person's aptitudes.

False

The purpose of a cover letter is to determine if a company has jobs available.

False

Which one of the following is not an element of corporate culture?

Government regulations

Lori Burroughs wants to gain some needed experience so when she is ready to start a career she has something to offer a company. She has talked to the career placement center at her university. They tell her she can get a job with a local company for the summer and earn college credit while working. Which of the following employment strategies is she pursuing?

Internship

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

Professional or doctorate degree

A mentor is an experienced employee who serves as a teacher and counselor for a less experienced person in a career field.

True

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.

True

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

True

An elevator speech is a short, persuasive, focused summary of your unique experiences and skills used when networking.

True

Continuing career education can be in a formal or an informal setting

True

Current business and economic news can be an indication of future job demand.

True

Functional resumes emphasize a person's skills and abilities in categories such as communications, research, and human relations.

True

Libraries usually have a variety of information sources for career planning and job exploration.

True

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?

Vesting

A chronological resume sequences personal data based on:

time.

Caroline lives in City A and earns $50,000 per year. The cost of living index in City A is .8. She is considering a move to City B which has a cost of living index of .9. How large a salary will she require in City B to maintain her current standard of living?

$56,250

Creative resumes or those with a gimmick are most appropriate for careers in:

advertising

The purpose of the development section of a cover letter is to:

highlight background that qualifies the applicant for a specific job.