Personal 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

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

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. Which step in the career planning process is Jason completing?

evaluate financial and other factors of positions offered

The Occupational Outlook Handbook would be most useful for determining:

expected employment in various career clusters

What is the purpose of a cover letter?

express interest in a job

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

false

The purpose of an informational interview is to obtain employment from a branch office of a major corporation.

false

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

flexibility

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

government regulations

A functional resume is best for a person who:

has diverse skills

Which one of the following is a professional association that can assist in career planning for a specific career area?

American Marketing Association

It is legal for an interviewer to ask you about your marital status.

False

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 pursing?

Internship

Which of the following is a benefit on which you pay taxes at some future date?

Tax-deferred benefit

A(n) __________ is an employment position that is obtained mainly to earn money.

job

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

may to be vague

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

professional contacts

The purpose of a screening interview is to:

reduce the number of applicants for a job

An interview designed to reduce the number of candidates for a position to a workable size is a(n) __________ interview.

screening

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

selection

A __________ resume is designed to obtain a specific job.

targeted

Federal tax-deferred employee benefits are:

taxed at some future time

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

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

true

Government supported employment services can assist individuals with finding a job.

true

References are generally omitted from a resume.

true

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

ture

In recent years, approximately what percent of new jobs in the U.S. economy occurred in companies with fewer than 100 employees?

80

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