AnswersCareer Explorations - EL3401Unit Test

Unit Test — Unit test Answers

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1
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Dane wants to work as a controller for a local company. He has his high school diploma. Which path should he take to complete his schooling?

A
an associate’s degree, then a bachelor’s degree
B
a master’s degree, then vocational school
C
vocational school, then an associate’s degree
D
a bachelor’s degree, then a master’s degree
2
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Which Finance Career Pathways involve money, assets, or liabilities? Select four options.Banking and Related ServicesInsurance ServicesRetail Related ServicesFinancial and Investment PlanningBusiness Financial Management

A
Banking and Related Services
B
Insurance Services
C
Retail Related Services
D
Financial and Investment Planning
E
Business Financial Management
3

Janeal spends her day looking at the stock and bond markets and evaluating how the portfolios of the businesses she serves will do. What is Janeal’s career?

A
Insurance Underwriter
B
Insurance Sales Agent
C
Financial Advisor
D
Financial Analyst
4

Which job in the Finance career would typically have one of the highest levels of schooling?

A
Credit Checkers
B
Insurance Claims Clerk
C
Brokerage Clerk
D
Business Financial Manager
5

Lito is a Brokerage Clerk. Which sentence best describes Lito’s job?

A
He researches, analyzes, and summarizes information about fraud.
B
He assesses financial situations using mathematical models.
C
He analyzes tax information using mathematical formulas.
D
He manages the paperwork for buying and selling securities.
6

Eva is a personal financial advisor. Her new clients are getting frustrated because Eva is using many financial terms. Which qualification should Eva use to help her clients?

A
her stress-management skills for handling urgent tasks
B
her ability to take complicated information and communicate it in an easier, more understandable way
C
her organizational skills for analyzing information, making predictions, and recommending solutions
D
her patience with repetitive tasks
7

Which table correctly lists the assets and liabilities?

A
A 2-column table with 4 rows. Column 1 is labeled Assets with entries leased car, mortgaged home, credit card debt, tax bill. Column 2 is labeled Liabilities with entries car, home, savings bond, stocks.
Option A
B
A 2-column table with 4 rows. Column 1 is labeled Assets with entries car, home, credit card debt, tax bill. Column 2 is labeled Liabilities with entries leased car, mortgaged home, savings bond, stocks.
Option B
C
A 2-column table with 4 rows. Column 1 is labeled Assets with entries leased car, mortgaged home, savings bond, stocks. Column 2 is labeled Liabilities with entries car, home, credit card debt, tax bill.
Option C
D
A 2-column table with 4 rows. Column 1 is labeled Assets with entries car, home, savings bond, stocks. Column 2 is labeled Liabilities with entries leased car, mortgaged home, credit card debt, tax bill.
Option D
8

Meira is interested in getting money to buy a house. Which workplace would give her the best chance of obtaining that money?

A
a bank
B
an insurance company
C
the stock market
D
a tax preparation office
9

June is trying to determine which financial career she would be best for. She is very skilled at organizing financial information into graphs and reports. She understands the laws and regulations of finance and can determine fraudulent cases. She is very creative in helping clients understand their financial capabilities. Which career would June best be suited for?

A
mortgage brokering
B
insurance sales
C
tax preparation
D
financial management
10

Braedon’s employer is requiring his employees to work ten-hour days for the next week, starting on April 10th. In which workplace is Braedon most likely working?

A
a mortgage company
B
a credit union
C
a tax preparation office
D
an insurance company
11

Dane wants to work as a controller for a local company. He has his high school diploma. Which path should he take to complete his schooling?

A
an associate’s degree, then a bachelor’s degree
B
a master’s degree, then vocational school
C
vocational school, then an associate’s degree
D
a bachelor’s degree, then a master’s degree
12

June is trying to determine which financial career she would be best for. She is very skilled at organizing financial information into graphs and reports. She understands the laws and regulations of finance and can determine fraudulent cases. She is very creative in helping clients understand their financial capabilities. Which career would June best be suited for?

A
mortgage brokering
B
insurance sales
C
tax preparation
D
financial management
13

Which job in the Finance career would typically have one of the highest levels of schooling?

A
Credit Checkers
B
Insurance Claims Clerk
C
Brokerage Clerk
D
Business Financial Manager
14

Braedon’s employer is requiring his employees to work ten-hour days for the next week, starting on April 10th. In which workplace is Braedon most likely working?

A
a mortgage company
B
a credit union
C
a tax preparation office
D
an insurance company
15

Eva is a personal financial advisor. Her new clients are getting frustrated because Eva is using many financial terms. Which qualification should Eva use to help her clients?

A
her stress-management skills for handling urgent tasks
B
her ability to take complicated information and communicate it in an easier, more understandable way
C
her organizational skills for analyzing information, making predictions, and recommending solutions
D
her patience with repetitive tasks
16

Janeal spends her day looking at the stock and bond markets and evaluating how the portfolios of the businesses she serves will do. What is Janeal’s career?

A
Insurance Underwriter
B
Insurance Sales Agent
C
Financial Advisor
D
Financial Analyst
17

Which table correctly lists the assets and liabilities?

A
A 2-column table with 4 rows. Column 1 is labeled Assets with entries leased car, mortgaged home, credit card debt, tax bill. Column 2 is labeled Liabilities with entries car, home, savings bond, stocks.
Option A
B
A 2-column table with 4 rows. Column 1 is labeled Assets with entries car, home, credit card debt, tax bill. Column 2 is labeled Liabilities with entries leased car, mortgaged home, savings bond, stocks.
Option B
C
A 2-column table with 4 rows. Column 1 is labeled Assets with entries leased car, mortgaged home, savings bond, stocks. Column 2 is labeled Liabilities with entries car, home, credit card debt, tax bill.
Option C
D
A 2-column table with 4 rows. Column 1 is labeled Assets with entries car, home, savings bond, stocks. Column 2 is labeled Liabilities with entries leased car, mortgaged home, credit card debt, tax bill.
Option D
18

Lito is a Brokerage Clerk. Which sentence best describes Lito’s job?

A
He researches, analyzes, and summarizes information about fraud.
B
He assesses financial situations using mathematical models.
C
He analyzes tax information using mathematical formulas.
D
He manages the paperwork for buying and selling securities.
19

Meira is interested in getting money to buy a house. Which workplace would give her the best chance of obtaining that money?

A
a bank
B
an insurance company
C
the stock market
D
a tax preparation office
20

Which Finance Career Pathways involve money, assets, or liabilities? Select four options.

A
Banking and Related Services
B
Insurance Services
C
Retail Related Services
D
Financial and Investment Planning
E
Business Financial Management

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