Personal Finance Ch 2 Financial Aspects of Career Planning

An interest inventory measures a person's aptitudes

false

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

false

which one of the following is not an element of CORPORATE CULTURE

government regulations

a chronological resume sequences personal data based on

time

which one of the following is defined as a commitment to a profession that requires continued training and offers a clear path for occupational growth

cooperative employment experience

compared to a job, a career

demands regular updating of knowledge

Austin Guess has written his resume and had it checked by his career placement center for errors. He plans on sending it to three companies he has identifies as having job openings. Which step in the career planning process is Austin completing

develop a resume and cover letter to apply for specific positions

changes in the demand for goods and services are an example of a(n) _____ influence on the job market

economic

Jason 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

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

false

a screen interview is reserved for only the finalists in a job search

false

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

false

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

a functional resume is BEST for a person who

has diverse skills

Which of the following is an example of the type of information that you would not include on a resume unless it applies to specific job qqualifications

height and weight

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

highlight background that qualifies the applicant for a specific job

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

Barb Hotchkins is in the 28% tax bracket. A tax exempt employee benefit with a value of $500 would have a tax equivalent value of

$694

In addition to inflation and consumer demand what is another factor that can affect career opportunities

interest rates

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

the purpose of a screening interview is to

Reduce the number of applicants for a job

____ is a benefit on which you pay no taxes

Tax exempt benefit

Which of the following is an opportunity to contact several firms in a short time span? (Hint: it is often held at local universities or convention centers)

a career fair

a lack of willingness to accept a variety of employment position is a common career planning mistake associated with a lack of

perseverance

The final step of the career planning process is to:

plan for career development

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 selection interview is to

question candidates for a job in detail

The education section of a resume should include

schools attended

a ___ resume is designed to obtain a specific job

targeted

Bill Evans is concerned about the effect of current economic conditions on various career fields. Which one of the following would be most useful to Bill as he addresses his concerns?

the wall street journal

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

true

a medical spending account (MSA) allows people to pay health care costs with pre tax dollars

true

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

true

a tax exempt employee benefit is usually more advantageous than a tax deferred benefit

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

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

Tara wants to gain some needed experience so when she is ready to start a career she has something to offer a company. She has decided to help the Edmond Historical Society present programs to local school children. Which of the following employment experience strategies is she pursuing?

volunteer work

mathematical abilities, problem solving skills, and physical dexterity are examples of

aptitudes

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 has Billy completed?

assess and research personal goals and abilities

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

advertising

the main sources of networking include the following

all of these

which of the following would be a competency commonly associated with successful people

all of these are competencies commonly associated with successful people

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

american marketing association

Efficient work habits are an example of

an employee's initiative

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