Unit Test — Unit test Answers

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Theresa works as a Risk Management Specialist for an investment corporation. Which best describes her educational pathway?

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
3

Bailey is an Investment Planner. Which skills does she most likely have?

A
knowledge of insurance systems
B
skills in research and critical thinking
C
integrity for selling products
D
patience with repetitive tasks
4

Which job in the Finance career pathway typically has one of the lowest levels of schooling?

A
Credit Checker
B
Treasurer
C
Investment Planning Sales Clerk
D
Business Financial Manager
5

Isaiah is a Financial Quantitative Analyst for a major stock investment company. What does Isaiah do on a daily basis as a part of his 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.
7

Insurance sales, tax preparation, personal financial advising, and investment fund management are careers in which workers can be self-employed. Which careers have the highest and lowest self-employment rates?

A
Insurance sales has the highest rates, and tax preparation has the lowest rates.
B
Personal financial advising has the highest rates, and investment fund management has the lowest rates.
C
Investment fund management has the highest rates, and insurance sales has the lowest rates.
D
Tax preparation has the highest rates, and personal financial advising has the lowest rates.
8

Which best compares and contrasts Banking and Investment Planning?

A
Both require workers to have math skills for calculating risk, while Banking also requires workers to understand advanced mathematic calculations.
B
Both require workers to have organizational skills, while Banking requires patience for repetitive tasks.
C
Both require workers to understand laws related to their trades, while Investment Planning also sells products to new customers.
D
Both require workers to be independent and work alone, while Investment Planning also requires workers to track customer finances and investments.
9

Which careers are a part of the Finance career cluster?

A
Retail Agent, Pet Store Owner, Retail Buyer
B
Lawyer, Paralegal, and Judge
C
Architect, General Contractor, and Site Foreman
D
Fraud Investigator, Financial Analyst, and Treasurer
10

Megan, Uma, and Ricardo all work for the same car insurance company. Megan is a Sales Agent, Uma is an Underwriter, and Ricardo is an Accident Investigator. Which tasks do all three employees perform?

A
selling insurance policies to customers and using math and statistics to judge the level of risk a customer represents
B
using math and statistics to judge the level of risk a customer represents and using computers and other office technology
C
maintaining and organizing customer information and using computers and other office technology
D
gathering, analyzing, and documenting information about incidents and maintaining and organizing customer information
11

Ruben, Gerald, and Norma all work for the same company. Gerald and Norma both evaluate the company’s financial picture, but Gerald looks at liabilities and Norma looks at expenditures. Both Gerald and Norma make reports for Ruben, who makes the decisions for the company. Which best describes the jobs of the three employees?

A
Ruben is the Risk Management Specialist, Gerald is the Budget Analyst, and Norma is the Treasurer.
B
Ruben is the Treasurer, Gerald is the Risk Management Specialist, and Norma is the Budget Analyst.
C
Ruben is the Treasurer and Gerald and Norma are the Risk Management Specialists.
D
Ruben is the Treasurer and Gerald and Norma are the Budget Analysts.
13

Shirine has been debating between two career pathways in finance. She creates a Venn diagram to compare the two careers. In a Venn diagram, the separate circles contain characteristics unique to each item being compared and the intersection contains characteristics that are common to both items being compared. This is the Venn diagram that Shirine creates:Which accurately labels the titles in Shirine’s diagram?

Question illustration
A
Title 1 should be Investment Career Pathway, and Title 2 should be Banking Career Pathway
B
Title 1 should be Banking Career Pathway, and Title 2 should be Investment Career Pathway
C
Title 1 should be Banking Career Pathway, and Title 2 should be Financial Management Career Pathway
D
Title 1 should be Financial Management Career Pathway, and Title 2 should be Investment Career Pathway
14

What to do most careers in Finance deal with?

A
real estate and education
B
assets and liabilities
C
assets and retail
D
real estate and retail
16

Which task do all finance careers have in common, and which task is designed mainly for insurance careers?

A
All finance careers review budgets, and insurance careers help customers complete transactions.
B
All finance careers calculate taxes owed, and insurance careers handle money and analyze credit reports.
C
All finance careers advise customers on finances, and insurance careers handle risk management.
D
All finance careers develop investment strategies, and insurance careers sell financial products.
17

Which Finance career involves the stock market?

A
Financial and Investment Planning
B
Insurance Services
C
Business Financial Management
D
Banking and Related Services
18

Which job in the Finance career pathway is best for someone with knowledge of risk factors for insurance claims?

A
Accounts Clerk
B
Insurance Underwriter
C
Claims Clerk
D
Business Financial Manager
20

Which employers include not only private companies and nonprofit organizations, but also hospitals, department stores, and car manufacturers?

A
banking services
B
insurance services
C
financial and investment planning
D
business financial management

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Unit Test — Unit test Answers — Career…