Unit Test — Unit test Answers

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21
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Which pathway includes the most self-employed workers?

A
Banking Services
B
Insurance Services
C
Financial and Investment Planning
D
Business Financial Management
22
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Both Aaria and Justin work with businesses. Aaria tries to sell them packages that will cover their employees in case of injury or illness. Justin helps the businesses to grow their money and assets. Which statement describes their careers?

A
Aaria is in Business Financial Management Services and Justin is in Financial and Investment Planning.
B
Aaria is in Financial and Investment Planning Services and Justin is in Business Financial Management.
C
Aaria is in Business Financial Management and Justin is in Insurance Services.
D
Aaria is in Insurance Services and Justin is in Business Financial Management.
24

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.
26

Which job in the Finance career cluster is ideal for a person with a master’s degree?

A
Bank Teller
B
Controller
C
New Accounts Clerk
D
Loan Officer
27

Which best compares and contrasts Business Financial Management and Insurance Services?

A
Both jobs require workers to have math skills for calculating risk, while Business Financial Management also requires workers to understand advanced mathematic calculations.
B
Both jobs require workers to have organizational skills, while Business Financial Management also requires workers to have patience with repetitive tasks.
C
Both jobs require workers to understand laws related to their trades, while Insurance Services also sell products fairly to customers.
D
Both jobs require workers to be independent and work alone, while Insurance Services also requires workers to track customer finances and investments.
28

Which job in the Finance career is ideal for a person just out of high school and seeking on-the-job training?

A
Bank Teller
B
Actuary
C
Personal Finance Advisor
D
Business Finance Advisor
29

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
30

Financeis best defined as

A
the tracking and documenting of money or things that are worth money.
B
the management of money and things that are worth money.
C
an item, such as a car or a house, that is worth money.
D
an amount of money a person or organization owes to another person or organization.
31

Jean-Ann works in the finance business. She analyzes insurance applications in order to determine the level of risk involved in insuring the applicant, then decides whether or not to insure them. Jean-Ann works as

A
an Insurance Underwriter.
B
an Insurance Sales Agent.
C
a Financial Advisor.
D
a Financial Analyst.
32

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
33

Which job in the Finance career would be best for someone who had knowledge of banking and credit systems and the ability to repetitively process transactions?

A
Accounts Clerk
B
Insurance Underwriters
C
Claims Clerk
D
Business Financial Manager
34

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.
35

Which Finance career pathway includes helping people create and manage budgets and calculate taxes?

A
Business Financial Management
B
Banking Services
C
Financial and Investment Planning
D
Insurance Services
36

Emilio works in Finance. He collaborates with Real Estate Agents and title companies to help people qualify for home loans. In which career does Emilio work?

A
Mortgage Brokering
B
Insurance Sales
C
Tax Preparation
D
Financial Management
37

Which of these career positions typically advise customers of the amount of money they need to support their families in case of death or to protect themselves in case of an emergency with their homes or cars?

A
bank teller
B
insurance agent
C
financial manager
D
mortgage broker
38

The four career pathways in Finance are

A
Banking and Related Services, Insurance Services, Retail Sales, and Business Financial Management.
B
Securities Law, Insurance Services, Financial and Investment Planning, and Business Financial Management.
C
Banking and Related Services, Retail Sales, Securities Law, and Business Financial Management.
D
Banking and Related Services, Insurance Services, Financial and Investment Planning, and Business Financial Management.
39

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
40

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

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