AnswersPersonal Finance - SC 26-27 For CreditPrinciples of Financial Planning

Making Employment Decisions Answers

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21
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Which question best addresses the issue of risk with a new job?

A
What are the qualifications and requirements?
B
Is there a chance this job might not work out?
C
What are the wages and benefits for this job?
D
Is the job in an area with a high cost of living?
22
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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 usually takes two years to complete and tends to focus on technical training.
D
It lasts for several years, and it often takes four years to earn a degree.
23

When a student enters college, tuition is the

A
future cost.
B
future benefit.
C
immediate cost.
D
immediate benefit.
24

The graph compares the cost of living in three different cities.

Question illustration
A
San Francisco has the highest cost of living of the three cities.
B
Houston has the lowest cost of living of the three cities.
C
Workers in San Francisco can get by on a lower salary.
D
Workers in Cleveland face a greater struggle with a low salary.
25

The graph compares the cost of living in three different cities.

Question illustration
A
San Francisco has the highest cost of living of the three cities.
B
Houston has the lowest cost of living of the three cities.
C
Workers in San Francisco can get by on a lower salary.
D
Workers in Cleveland face a greater struggle with a low salary.
26

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 usually takes two years to complete and tends to focus on technical training.
D
It lasts for several years, and it often takes four years to earn a degree.
27

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

A
They require the use of savings.
B
They need to be repaid with interest.
C
They are based mostly on financial need.
D
They require borrowing money from a bank.
28

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

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

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