AnswersEconomicsMaking Employment Decisions

Making Employment Decisions — Quiz Answers

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Which statement best explains federal grants that cover the costs of an education?

A
They need to be repaid with interest.
B
They are based mostly on financial need.
C
They require the use of savings.
D
They require borrowing money from a bank.
3

When a student enters college, tuition is the

A
immediate benefit.
B
immediate cost.
C
future benefit.
D
future cost.
4

When someone is considering a career as a lawyer, future earnings are the

A
future cost.
B
net benefit.
C
net cost.
D
future benefit.
5

Which statement best describes an education at a vocational school?

A
An employer typically pays for it in order to educate an employee.
B
It often lasts only months or weeks and is specific to only one job.
C
It lasts for several years, and it often takes four years to earn a degree.
D
It usually takes two years to complete and tends to focus on technical training.
6

How can a student pay for an education as part of a work-study program?

A
by working at a job that is close to the college or university
B
by agreeing to work in the government for a scholarship
C
by taking a school job as part of a financial aid plan
D
by agreeing to serve in the military after getting a degree
7

Which statement best explains scholarships that cover the costs of an education?

A
They require the use of savings.
B
They are often based on achievement.
C
They need to be paid back later.
D
They require borrowing money from a bank.
8

Which statement best explains student loans that cover the costs of an education?

A
They require repayment with interest.
B
They depend on getting good grades.
C
They do not have to be paid back later.
D
They require the use of savings.
9

Which are ways to pay for a college education? Choose three correct answers.

A
student loan interest
B
student loans
C
books and fees
D
academic scholarships
E
tuition
F
federal grants
10

Which are costs of a college education? Choose four correct answers.

A
room and board
B
federal grants
C
student loan interest
D
books and fees
E
academic scholarships
F
tuition

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