Finance Test 1

____________________ is an opportunity to contact several firms in a short time span. It is often held at local universities or convention centers.

A career fair

is a benefit on which you pay taxes at some future date

A tax deferred benefit

is a benefit on which you pay no taxes.

A tax exempt benefit

An example of a professional association that can assist in career planning for a specific career area is the:

American Marketing Association.

Billy Freniere has gone to the career placement center at his university. He has taken both an interests test and a personality test and has found careers where his interests and personality are well suited. Which step in the career planning process is Billy completing?

Assess and research personal goals and abilities

Lisa Trotter wants to gain some needed experience so when she is ready to start a career she has some things to offer a company. She has decided to help with the homecoming parade for the University of Central Oklahoma where she goes to school full time. Which of the following employment strategies is she pursuing?

Campus Project

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.

Economic conditions

Jason Liang has gotten three job offers. He is now looking at the benefits packages of all three to see what he likes and doesn't like about all three. Which step in the career planning process is Jason completing?

Evaluate financial and other factors of positions offered

Brock Trotter has gone to monster.com as well as his local newspaper and has found five job possibilities that he feels fit his abilities and interests. Which step in the career planning process is Brock completing?

Evaluate the employment market to identify specific employment opportunities

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

False

Very little evidence exists that a person's choice of employment influences his or her lifestyle.

False

Lori Burroughs wants to gain some needed experience so when she is ready to start a career she has some things 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 us she pursuing?

Internship

Kyle Burroughs has purchased a suit and has interviewed with three companies through the career placement center at his university. He was surprised by some of the questions asked and does not feel he answered them well. He has developed some answers that he feels are better answers and better reflect his abilities and aptitudes. Which step in the career planning process is Kyle completing

Interview for specific positions and assess the interview performance

____________________ is the process of making and using contacts in the business world for obtaining and updating career information and job possibilities.

Networking

Jennifer Rodr wants to gain some employment experience so when she is ready to start a career she has some things to offer a company. She has decided to work 20 hours a week for a local accounting firm answering the phone and assisting the partners in completing tax returns. Which of the following employment experience strategies is she pursuing?

Part-Time Employment

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

Professional or doctorate degree

A job tends to have less of a long-term commitment to a field than a career.

True

A possible opportunity cost associated with career advancement is a need to relocate your household.

True

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

True

Education, training, and the demands for a person's skills are major influences on salary.

True

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

True

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

True

References are commonly not included on a résumé.

True

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

advertising

Efficient work habits are an example of

an employee's initiative

The purpose of a cover letter is to

apply for a job

Natural abilities that people possess are

aptitudes

The abilities to work well with numbers, possess problem-solving skills, and have physical dexterity are examples of:

aptitudes

The first step of the career planning process is to

assess your interests, abilities, and goals

In the career planning process, after identifying specific job opportunities, a person should:

develop a résumé and cover letter.

Changes in the demand for goods and services is 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 ____________ résumé

functional

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

highlight background that qualifies the applicant for a specific job.

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

may be too vague.

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

Kenton Greer wants to locate employment positions presently available in his career area. This information would be best obtained from

professional contacts.

Special class projects can be presented on a résumé as ____________ experience.

research

The education section of a résumé should include

schools attended.

A chronological résumé presents personal data based on

time.