Cumulative Exam — Cumulative exam Answers

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21
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The chart shows pricing and payment options for two big-ticket items.

Question illustration
A
rent-to-own; installment
B
installment; rent-to-own
C
rent-to-own; rent-to-own
D
save up and pay cash
22
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The difference between a claim and a reason in an argument is

A
the claim is a statement and the reason is a counterclaim.
B
the claim is a statement and the reason is the evidence.
C
the claim is a reason supported with evidence for the claim.
D
the claim is a statement supported with reasons and evidence.
23

One common advantage of a long-term investment is

A
higher return.
B
no risk.
C
higher liquidity.
D
no liquidity.
24

If expansionary taxation policies are left unchecked, which is the most likely result?

A
reduced profits
B
high inflation
C
reduced production
D
reduced disposable income
25

A commodity in which someone invests might include a

A
mutual fund.
B
natural resource.
C
thriving company.
D
certificate of deposit.
26

An employer can refuse to hire you if you refuse a drug screening test or background check.

A
T
B
F
27

It is always the interviewee’s fault if an interview is bad.

A
T
B
F
28

Which fixed expense would be most difficult to change if money is needed for car payments?

A
rent
B
electricity
C
cable
D
Internet
29

A group of French tourists were touring the Smithsonian museums in Washington, DC. Which workers in the Smithsonian would the French tourists most likely need?

A
an interpreter and a tour guide
B
a chef and a travel agent
C
a hotel manager and a ticket taker
D
an event planner and an airport worker
30

Marlene has decided to save $3,500 so that she can attend the nearby community college. Which step in the decision process should Marlene take?

A
Take action.
B
Gather information.
C
Evaluate results.
D
Evaluate alternatives.
31

Amanda wants to buy a new car. What questions of financial responsibility should she ask herself before she makes the purchase? Select three options.

A
Do I need this car or should I walk, bike, and take the bus to save money?
B
Is this a reliable vehicle or will I have to make costly repairs?
C
What will my friends think when I buy this car?
D
Will I be able to afford the insurance, gas, maintenance of battery, oil, tires, and also repairs?
E
Will this new car be fast and my favorite color?
32

Read the excerpt from Last Lecture.There are 50 students drawn from all the different departments of the university. There are randomly chosen teams, four people per team, and they change every project. A project only lasts two weeks, so you do something, you make something, you show something, then I shuffle the teams, you get three new playmates and you do it again. . . .The first assignment, I gave it to them, they came back in two weeks and they just blew me away. I mean the work was so beyond, literally, my imagination, because I had copied the process from Imagineering’s VR lab, but I had no idea what they could or couldn’t do with it as undergraduates, and their tools were weaker, and they came back on the first assignment, and they did something that was so spectacular that I literally didn’t, ten years as a professor and I had no idea what to do next. So I called up my mentor, and I called up Andy Van Dam.

A
chronological ordering
B
compare and contrast
C
cause and effect
D
problem and resolution
33

Read the sentences from Last Lecture by Randy Pausch.And I assure you I am not in denial. It’s not like I’m not aware of what’s going on.

A
He wants to convince them that they should stop focusing on his illness.
B
He wants them to remember that he is in a difficult situation.
C
He wants them to feel comfortable and accept his positive attitude.
D
He wants to encourage them to have sympathy for him.
34

Read the excerpt from Levitt and Dubner’s Freakonomics.In the beginning, Feldman left behind an open basket for the cash, but too often the money vanished. Then he tried a coffee can with a money slot in its plastic lid, which also proved too tempting. In the end, he resorted to making small plywood boxes with a slot cut into the top. The wooden box has worked well. Each year he drops off about seven thousand boxes and loses, on average, just one to theft. This is an intriguing statistic: the same people who routinely steal more than 10 percent of his bagels almost never stoop to stealing his money box—a tribute to the nuanced social calculus of theft. From Feldman’s perspective, an office worker who eats a bagel without paying is committing a crime; the office worker probably doesn’t think so. This distinction probably has less to do with the admittedly small amount of money involved (Feldman’s bagels cost one dollar each, cream cheese included) than with the context of the “crime.” The same office worker who fails to pay for his bagel might also help himself to a long slurp of soda while filling a glass in a self-serve restaurant, but he is very unlikely to leave the restaurant without paying.Which of the following best summarizes the main idea of this paragraph?

A
Most people steal money if it is left in an open basket.
B
Few people steal money from plywood boxes with slots in the top.
C
Most people are honest enough not to commit major theft.
D
Few people are aware when they commit crimes.
35

How is a savings account most useful?

A
for saving for a long time without withdrawing
B
for depositing and withdrawing money frequently
C
for using money for CDs and other investments
D
for using money in the near future but not right away
36

According to the MLA format, which best demonstrates the similarities and differences between the citations of a magazine and a book?

A
Both require the title and author, while magazines require the editor of the magazine.
B
Both require a date of publication, while magazines require the page number of the article.
C
Both require the format of the book, while books require the page number of the information.
D
Both require a location of publication, while books require the edition of the book if there is more than one.
37

Read the scenario.Brad has a steady job, earns a solid income, and plans to live in a nearby city for the long term. He is looking to purchase both a car and a place to live, and he is very interested in building up equity and credit.

A
buying both a car and a home
B
leasing both a car and home
C
buying a car and leasing a home
D
leasing a car and buying a home
38

To which career pathway in the Health Services cluster would the statement apply? "There are careers in this pathway that require anything from a high school diploma to a master’s degree."

A
Biotechnology Research
B
Therapeutic Services
C
Diagnostic Services
D
Psychiatric Services
39

Which skills are important for a career as a customer service representative ? Select four options

A
operation monitoring
B
electrician skill set
C
service orientation
D
reading comprehension
E
critical thinking
F
learning strategies
G
speaking
40

Doreen spends most of her day researching human disease and health. She is most likely a

A
Medical Scientist.
B
Biochemist.
C
Wildlife Biologist.
D
Anthropologist.

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