busniess study guid

Opportunities to reduce or wipe away part of a loan amount based on your public service or by being a teacher in a low income public school are called_____.

forgiveness programs

The biggest difference between scholarships and loans is that scholarships are considered _____ but loans must be paid back.

free money

Which of the following is not an example of how you can reduce the full cost ofhigher education?

Buy all books at the bookstore as early as possible

Background check, is the practice of researching a job applicant's profiles and activities on social networking platforms such as Twitter, Facebook, Instagram, WhatsApp, and elsewhere. The intent is to learn more about the applicant's background and determine whether there is anything the company should be aware of before offering a job.

False

Which tab, in Microsoft Word, will you select to save a new document?

File

Which type of loan has a higher borrowing limit, a subsidized or unsubsidized loan?

Unsubsidized loans

A portfolio _____ your skills and abilities

illustrates

When creating a budget to repay your student loans, you should plan to pay back _____

interest and principa

A positive return on investment for higher education _____.

is when your earnings potential is higher than the cost of your education

Higher education typically has a positive return on investment because _____.

jobs and careers that require a degree or certificate generally earn higher salaries

A _____ can help you estimate how much money you might get in scholarships and grants at a given institution of higher education

net price calculator

Which of these is NOT an online portfolio.

physical binder

Private student loans are from _____

financial institutions like banks and credit unions

The _____ shows how long the average student takes to earn a degree and this can be helpful in determining the return on investment at different institutions.

graduation rate

___________ are professionals who specialize in finding the best hires for a particular job. Contacting one these professionals is one way to find and apply for a job.

headhunters

Which institution will most likely have the lowest sticker price?

A certificate program

What are the additional costs you pay each year in order to borrow money inloans? This includes both interest and fees.

Annual percentage rate (APR)

How often do you need to apply for a federal student loan?

Every year

What is considered by the federal government to be what your family will be able to pay per year toward your school expenses?

Expected Family Contribution (EFC)

Which tab, in Microsoft Word, will you select to add an image or picture to a document

Insert

You have chosen to do a written event competition in International Business through DECA. This means you will research and write a paper, include illustrations such as tables and charts, and discuss your paper in front of a judge. Which Microsoft Office application is best for your chosen task?

Microsoft Word

In the video How the US workforce is changing, which generation did they use as a case study or point of discussion?

Millennials

Microsoft _________ is a slide presentation program.

PowerPoint

A ______________ is a document sent with your resume to provide additional information on your skills and experience.

cover letter

Taking care of your _____ first is a good budgeting strategy that includes covering your loan payments.

needs

Scholarships, grants and work-study money all reduce the _____ of highereducation.

net cost

Financial aid letters show your aid and costs of attendance for _____.

one year

A collection of work samples that you can bring to an interview, send to a prospective employer, or even post online

portfolio

To access need-based federal aid, including federal loans you will need to submit ___

the FAFSA

Federal loans are from _____________.

the government

Which of the following is the correct step to save a Word document for the first time.

Click on the File tab, then choose Save As

What are you calculating if you add together an estimate of tuition, fees, room and board, books, supplies and other higher education expenses?

Cost of Attendance (COA)

What do you need to consider to decide if you can afford to go to an institute of higher education?

Cost of Attendance (COA) and financial aid

Who is most likely to have general information about financial aid at many different institutes of higher education?

High school counselor

Which method of funding higher education accrues interest until it is paid back?

Loans

Jeremiah works at a pet store. He went to a community college but didn't finish. He has some student loans now. What kind of return on investment (ROI) doesJeremiah demonstrate?

Negative ROI

Which is an example of an income-driven repayment plan for student loans?

Payment amounts are based on a percentage of what you earn

Which is an example of a graduated repayment plan for student loans?

Payments start lower and increase every 2 years.

Luis repairs air conditioners. He earned a certificate in 6 months and paid for it with one loan. He earns a good salary now and will pay off his loan in two years.What kind of return on investment (ROI) does Luis demonstrate?

Positive ROI

Which of the following are considered "free money" when it comes to financing higher education?

Scholarships and grants

Which type of loan is based on financial need?

Subsidized loans

What are two ways that can help you keep a budget while trying to reduce debt load from loans?

Tracking expenses and evaluating spending

A portfolio provide evidence of work that you've done

True

One consequence for defaulting on a student loan is loan acceleration. What does this mean?

You owe the amount of your loan and interest immediately.

Which of the following is not true if you default on a student loan?

You will have your degree taken away.

Companies are going away from using resume-filtering software to screen applicants as it cost money to pay for them.

false

A(an) __________ is a person (not related to you by blood or marriage) who is willing to talk to potential employers about your job skills, abilities, background, and general character—hopefully in a positive light.

reference

A list of three references provided with a job application

references page

The purpose of a ______ is to provide a summary of your skills, abilities and accomplishments.

resume

Researching the average earnings by major and by career can help youdetermine the _____ of an institute of higher education.

return on investment

A portfolio ____ the quality of your work

shows

The full cost of attendance to an institute of higher education, including tuition, room and board, books and other costs is known as ____________

sticker price

A paper portfolio should have a table of contents to find items quickly.

true

Credit checks is a necessary step in the hiring process. It is a big picture snapshot of how a potential candidate handles their responsibilities.

true

The sticker price of an institute of higher education includes _____.

tuition, housing, food, books and other costs