Unit Test — Unit test Answers

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41
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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.
42
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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
43

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
44

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.
45

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
46

In which career is an employee least likely to work for a private company?

A
Insurance Sales
B
Personal Financial Advising
C
Investment Fund Management
D
Tax Preparation
47

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.
48

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
49

Which Finance jobs can someone pursue with only a high school diploma? Check all that apply.

A
Tax Preparer
B
Treasurer
C
Actuary
D
Teller
E
Loan Officer
F
Quantitative Analyst
52

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.
53

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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