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Employment and Education Answers

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21
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Which statement describes an hourly wage job?

A
Each paycheck is the exact same regardless of number of hours worked.
B
Each paycheck is less, even if an employer wants you to work more hours in a week.
C
If an employer wants the employee to work more hours in a week, the result is a larger paycheck.
D
If the business is closed for a holiday, the employee still gets paid regardless of available vacation hours.
22
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How does an employer's presentation of retirement savings options affect employees' decisions to save?

A
by automatically enrolling employees to tap into their default bias
B
by assigning employees to different saving courses in the retirement plan
C
by offering various saving courses in the retirement plan
D
by making the plan more complex to get employees more involved
23

How is a federal loan different from a private loan for an education?

A
A federal loan is available for any student who meets the government’s lending standards. A private loan is only available for students who show a need.
B
A federal loan is only available for students who show a need. A private loan is available for any student who meets the bank’s lending standards.
C
A federal loan can only be used to pay for a student’s tuition. A private loan can be used to pay for a student’s tuition and any other expenses.
D
A federal loan can be used to pay for a student’s tuition and any other expenses. A private loan can only be used to pay for a student’s tuition.
24

How can an employer's retirement matching program encourage an employee to save for their retirement?

A
It increases an employee’s regular paycheck.
B
It ensures financial stability in the short term.
C
It boosts savings by adding extra funds to the employee's contribution.
D
It enhances employee knowledge through mandatory financial seminars.
25

This graph compares the cost of an education at different institutions in Texas.

Question illustration
A
private universities can cost three times as much to attend as public universities.
B
public universities can cost three times as much to attend as private universities.
C
community colleges can cost five times as much to attend as technical schools.
D
technical schools can cost five times as much to attend as community colleges.
26

This graph compares the cost of room and board at educational institutions in Texas.

Question illustration
A
public community colleges are considered to be affordable alternatives to private community colleges.
B
students in Texas have become increasingly drawn to technical schools over community colleges.
C
many students might choose an alternative living situation over paying room and board at a four year institution.
D
some Texas students have opted to delay attaining a degree in higher education for several years.
27

Which interest could best help someone become an athletic trainer?

A
enjoying working with aircraft
B
understanding sports injuries
C
wanting to manage workers
D
enjoying working with food
28

Student-specific scholarships are awarded to students who

A
have impressive athletic accomplishments.
B
have impressive academic achievements.
C
demonstrates a specific skill
D
are members of a certain group.
29

This graph compares consumer expenditures in three American cities from 2007 to 2010.

Question illustration
A
workers in Houston are more likely to have jobs with high growth rates.
B
workers in New York may face a cost of living that will exceed their salaries.
C
jobs in San Francisco may have higher salaries to offset the cost of living.
D
jobs in Cleveland tend to pay based on an hourly wage instead of a salary.
30

One reason a student may seek a federal student loan instead of a private student loan is that

A
private loans carry a higher interest rate than federal loans.
B
federal loans are obtained by banks, while private loans are backed by the government.
C
federal loans must be paid back more quickly than private loans.
D
private loans are only available to parents, while federal loans may be issued to the student.
31

How is a student loan different from a scholarship?

A
A student loan must be paid back, but a scholarship is not paid back.
B
A scholarship must be paid back, but a student loan is not paid back.
C
A student loan is a form of financial aid, but a scholarship is not.
D
A scholarship is a form of financial aid, but a student loan is not.
32

These lists provide information about two jobs.

Question illustration
A
Job A has a lower salary than job B, but the benefits make job A a more attractive pay package.
B
Job B has a lower salary than job A, but the benefits make job B a more attractive pay package.
C
Job A has a higher salary than job B plus benefits that make job A a more attractive pay package.
D
Job B has a higher salary than job A plus benefits that make job B a more attractive pay package.
33

Which statement describes an hourly wage job?

A
Each paycheck is the exact same regardless of number of hours worked.
B
Each paycheck is less, even if an employer wants you to work more hours in a week.
C
If an employer wants the employee to work more hours in a week, the result is a larger paycheck.
D
If the business is closed for a holiday, the employee still gets paid regardless of available vacation hours.
34

How is a student loan different from a scholarship?

A
A student loan must be paid back, but a scholarship is not paid back.
B
A scholarship must be paid back, but a student loan is not paid back.
C
A student loan is a form of financial aid, but a scholarship is not.
D
A scholarship is a form of financial aid, but a student loan is not.
35

These lists provide information about two jobs.

Question illustration
A
Job A has a lower salary than job B, but the benefits make job A a more attractive pay package.
B
Job B has a lower salary than job A, but the benefits make job B a more attractive pay package.
C
Job A has a higher salary than job B plus benefits that make job A a more attractive pay package.
D
Job B has a higher salary than job A plus benefits that make job B a more attractive pay package.
36

This graph compares the total cost of attending educational institutions in Texas.

Question illustration
A
technical schools greatly varies.
B
vocational schools greatly varies.
C
four-year universities greatly varies.
D
community colleges greatly varies.
37

Which statement best defines tuition?

A
Tuition is federal money awarded to a student.
B
Tuition is aid given to a student by an institution.
C
Tuition is money borrowed to pay for an education.
D
Tuition is the price of attending classes at a school.
38

One reason a student may seek a federal student loan instead of a private student loan is that

A
private loans carry a higher interest rate than federal loans.
B
federal loans are obtained by banks, while private loans are backed by the government.
C
federal loans must be paid back more quickly than private loans.
D
private loans are only available to parents, while federal loans may be issued to the student.
39

Which interest could best help someone become an athletic trainer?

A
enjoying working with aircraft
B
understanding sports injuries
C
wanting to manage workers
D
enjoying working with food
40

How can an employer's retirement matching program encourage an employee to save for their retirement?

A
It increases an employee’s regular paycheck.
B
It ensures financial stability in the short term.
C
It boosts savings by adding extra funds to the employee's contribution.
D
It enhances employee knowledge through mandatory financial seminars.

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