Topic Test Answers

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Individual Retirement Accounts (IRAs) are very popular because ______.

A
They include a large variety of stock options
B
They are not taxed until retirement
C
They have very high rates of return
D
They have unlimited contribution potential
23

When your taxes have increased, you may be able to legally save money by _________.

A
Hiding your income in offshore accounts
B
Failing to file your tax returns on time
C
Giving large money gifts to your spouse
D
Making itemized deductions on your return
24

If you are leaving a company in which certain people have supported your career and your efforts, it is reasonable and polite to ________.

A
Cut them out of your life
B
Tell your boss they are great
C
Give them an expensive gift
D
Write them a thank you note
26

If you decide to hunt for your next job while you are still employed, you should be careful to _______.

A
Only search for jobs in other industries
B
Tell your boss you are looking right away
C
Tell your coworkers where you are looking
D
Keep the information to yourself
27

In which environment would you would be more likely to have easy access to museums and fine arts?

A
Urban
B
Suburban
C
Rural
D
None of these is more likely to have museums and fine arts
28

Someone who is extremely dissatisfied with the direction of their current employer and has their own great ideas, an independent streak, and a great work ethic might decide to _______.

A
Tough it out and try to adjust to their workplace
B
Quit their jobs and start their own business
C
sabotage their bosses in order to get new leadership
D
Climb the corporate ladder in order to implement their ideas
29

It is worthwhile to build your network of contacts because ________.

A
Networking provides the most successful job leads
B
People with many contacts are always respected
C
Contacts are always available to help you
D
Networks sustain themselves without any work
30

If you decide to hunt for your next job while you are still employed, you should be careful to _______.

A
Only search for jobs in other industries
B
Tell your boss you are looking right away
C
Tell your coworkers where you are looking
D
Keep the information to yourself
31

As a restriction to most flextime programs, most employers require flextime employees to _________.

A
Take only two 10 minute breaks per day
B
Work more than 45 hours a week
C
Be at work during peak hours
D
None of the above is typical
34

Most modern workers _________.

A
Will change their careers, but not their jobs
B
Will change their jobs, but not their careers.
C
Will change both their jobs and careers
D
Will change neither their jobs nor their careers
35

Most job leads are discovered through _______.

A
Networking
B
Classified ads
C
Internet listing
D
Cold calling
36

Although a money market account generally earns more interest than a savings account, it has the disadvantage of ____________.

A
Requiring an investing partner
B
Not allowing withdrawals until age 30
C
Not allowing withdrawals until age 60
D
Requiring a minimum balance
37

Although a money market account generally earns more interest than a savings account, it has the disadvantage of ____________.

A
Requiring an investing partner
B
Not allowing withdrawals until age 30
C
Not allowing withdrawals until age 60
D
Requiring a minimum balance
39

When there is no room for growth within a company, an employee cannot __________.

A
Be promoted to new positions horizontally
B
Find other jobs from a new employer
C
Be considered for salary increases
D
Be promoted vertically to new positions
40

Which career choice could negatively impact your future health and wellness?

A
Choosing a manual labor job which strains your body
B
Choosing a white collar job with high pay and tons of stress
C
Choosing a sales job with the possibility of no retirement benefits
D
All of the above

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