AnswersCR19262 Managing Personal FinanceUnit Test

Workplace Trends Answers

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Which aspect could have a positive impact on future salary in a job position?

A
The opportunity for advancement or promotion could result in higher pay.
B
The starting salary is very high, but the job outlook is poor.
C
The position offers more employee benefits than others like it.
D
The career choice requires less post-secondary education so less student loans are needed.
22
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When someone is considering a career as a lawyer, future earnings minus the cost of law school is the

A
net cost.
B
net benefit.
C
future cost.
D
future benefit.
23

Which statement best describes an education at a vocational school?

A
An employer typically pays for it in order to educate an employee.
B
It often lasts only months or weeks and is specific to only one job.
C
It usually takes two years to complete and tends to focus on technical training.
D
It lasts for several years, and it often takes four years to earn a degree.
24

Cameron is choosing a career out of high school with no further training. The median salary for this career is $30,000. His friend Mateo is choosing a career that requires a college degree but has a median salary of $55,000. Over 20 years, what will be the difference between their incomes?

A
$25,000
B
$85,000
C
$500,000
D
$1,700,000
25

Tayesha wants to find more information about a career in architecture. Which resource is most likely to give balanced, accurate information?

A
She should use Facebook advice from friends since they know her best.
B
She should use a personal blog of an architect since it is a person in the industry.
C
She should use the US Bureau of Labor Statistics website since it will cover a wide range of information about the careers around the United States.
D
She should use a fashion magazine article on famous architects since it will have lots of pictures.

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