Personal Financial Literacy, 2e (Madura/Casey/Roberts)

Chapter 5 Careers and Education

5.1 Determining a Career Path

1)Which of the following is the best way to start the process of identifying a career path that you will find satisfying?

A)asking your guidance counselor what type of personality you have

B)listing your interests and activities you enjoy

C)deciding what level of education you want to pursue

D)choosing a career in a growing field

2)Which of the following is the LEAST important factor to consider as you examine possible career choices?

A)required components of the application process

B)the level of skill or education required

C)the level of compensation

D)projected job availability

3)In which of the following career fields are jobs expected to be created at the fastest rate from 2010 to 2020?

A)translators

B)personal care and home health aides

C)marriage and family therapists

D)veterinarians

4)The highest median weekly income is earned by people who have completed which of the following levels of education?

A)associate's degree

B)high school diploma

C)professional degree

D)bachelor's degree

5)In 2011, individuals with which of the following levels of education experienced the highest unemployment rate?

A)associate's degree

B)less than a high school diploma

C)doctoral degree

D)bachelor's degree

6)Restaurant and food services, lodging, travel, recreation, and amusement careers are all part of the ______career cluster.

A)human services

B)public safety

C)hospitality and tourism

D)arts and communication

7)The amount of money a job pays is referred to as ______.

A)compensation

B)opportunity cost

C)cash inflow

D)net pay

8)Growth in the number of jobs between 2010 and 2020 is predicted to be the greatest in which of the following major occupational groups?

A)business and financial operations

B)office and administrative support

C)healthcare support

D)architecture and engineering

5.2Sources of Career Information

9)In general, which of the following is the best source of up-to-date career information?

A)your parents and other adult relatives

B)the Internet

C)books on careers

D)field trips

10)Field trips, speakers, internships, and contacts are all potential ______.

A)personal references

B)job experience opportunities

C)sources for career information

D)training programs

11)Which of the following would most likely be an unpaid position?

A)apprenticeship

B)internship

C)assistant

D)attendant

12)By considering your own ______, you may identify some broad aspects of what you do and do not enjoy in a job, such as whether you prefer to work with the public or in a more private setting.

A)networks

B)job experiences

C)social contacts

D)career counselor

13)Which of the following would generally be the LEAST helpful source of career information?

A)television series

B)internships

C)your work experience

D)contacts made through your social network

5.3Getting the Skills You Need

14)Of the following, which job had the highest median annual wages in 2006?

A)architecture and engineering

B)production occupations

C)community and social services

D)health care practitioners

15)______are common for workers wanting to enter skilled trades such as plumbing and electrical contracting.

A)Internships

B)Apprenticeships

C)Master's programs

D)Accreditations

16)A(n) ______is an official document or record stating that you have met some standard for training or knowledge.

A)internship

B)apprenticeship

C)certification

D)accreditation

17)You should be cautious about using any job training Web site that offers you ______.
A) accreditation for a price
B) certification for a price
C) compensation
D) free job availability information

18)A(n) ______is an official recognition that a school or program meets a certain standard.

A)internship

B)apprenticeship

C)certification

D)accreditation

19)Before you commit to attending a college or training program, you should make sure that the college or program has the ______that match up with those required by the career field you are interested in pursuing.

A)accreditations

B)resumes

C)contacts

D)networks

20)A program's accreditation would be most important if you were interested in studying which of the following fields?

A)anthropology

B)nursing

C)communications

D)liberal arts

21)Master's degrees, law degrees, and doctoral degrees are all examples of ______.

A)undergraduate degrees

B)graduate degrees

C)certifications

D)accreditations

22)The cost of what you give up when you choose one action over another is called ______cost.

A)opportunity

B)decision

C)variable

D)optional

23)If you plan to teach at the college level, you will most likely need to complete a(n) ______.

A)accreditation

B)certification

C)doctoral degree

D)apprenticeship

5.4Job Application Process

24)A potential employer may ask you to fill out a(n) ______with information about your work history or to write and submit a ______that provides a snapshot of your qualifications.

A)job application; certification

B)job application; résumé

C)résumé; reference

D)accreditation; certification

25)Which of the following pieces of information would a job application be LEAST likely to ask for?

A)your social security number

B)your citizenship status

C)your education plans

D)your work history

26)Which of the following would you be LEAST likely to include on a résumé?

A)your level of education

B)your work history

C)your social networks

D)your relevant skills

27)Which of the following would you be most likely to put at the top of your résumé?

A)your name and contact information

B)your personal references

C)your education

D)your work experience

28)A résumé style that emphasizes ______rather than work experience may be a good choice for a person with a limited work history.

A)values

B)contacts

C)style

D)skills

29)In general, the ______education and training that is required for a job, the ______information you will be expected to provide during the application process.

A)more; more

B)less; more

C)more; less

D)less; more personal

30)Which of the following would be the most appropriate way to begin a cover letter addressed to Mr. Swift, the hiring manager for a job you are applying for?

A)To Mr. Swift and anybody else who might be deciding who to hire:

B)Hello!

C)Hey Mr. Swift,

D)Dear Mr. Swift,

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