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Vocabulary. Study Guide # 1. Study Guide # 2. Study Guide # 3. True / False. 100. 100. 100. 100. 100. 200. 200. 200. 200. 200. 300. 300. 300. 300. 300. 400. 400. 400. 400. 400. 500. 500. 500. 500. 500. - PowerPoint PPT PresentationTRANSCRIPT
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Review for Chapter 15 Test
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Fringe Benefits include medical and dental care, sick leave, and paid vacations.
True or False
Section 1 Notes
![Page 3: 200](https://reader035.vdocuments.us/reader035/viewer/2022081520/56816608550346895dd93dd9/html5/thumbnails/3.jpg)
True
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Saving money and paying down debt in the present will give you more options and choices in the future.
True or False
Section 1 Notes
![Page 5: 200](https://reader035.vdocuments.us/reader035/viewer/2022081520/56816608550346895dd93dd9/html5/thumbnails/5.jpg)
True
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On-the-job experience can be a good way to find out whether or not a career is for you.
True or False
Section 1 Notes
![Page 7: 200](https://reader035.vdocuments.us/reader035/viewer/2022081520/56816608550346895dd93dd9/html5/thumbnails/7.jpg)
True
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In borrowing money for purchases, it is not important to pay attention to the real cost of the item – the purchase price plus interest.
True or False
Section 1 Notes
![Page 9: 200](https://reader035.vdocuments.us/reader035/viewer/2022081520/56816608550346895dd93dd9/html5/thumbnails/9.jpg)
False
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People whose main goal is to make as much income as possible are less likely to invest their savings than to put them in a bank.
True or False
Section 1 Notes
![Page 11: 200](https://reader035.vdocuments.us/reader035/viewer/2022081520/56816608550346895dd93dd9/html5/thumbnails/11.jpg)
False
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What is called the amount of money left over after taxes have been paid?
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Disposable income
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What is a good way to decide how much you want to spend and save?
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Making a budget.
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What is a common goal that people have when making financial choices?
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Consumer spending, staying out of debt, or Supporting a cause or
organization.
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What factors should you consider when deciding to buy an item?
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Price, Quality, and warranty and service.
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What factors do you need to think about when deciding which method of saving money would be the best for you?
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Liquidity, income, and safety.
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What is one way to make sure that you will be satisfied in your career?.
![Page 23: 200](https://reader035.vdocuments.us/reader035/viewer/2022081520/56816608550346895dd93dd9/html5/thumbnails/23.jpg)
By choosing a career that matches your
interests and goals.
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Where is a good place to find out about hundreds of jobs, their requirements, and their future prospects?
![Page 25: 200](https://reader035.vdocuments.us/reader035/viewer/2022081520/56816608550346895dd93dd9/html5/thumbnails/25.jpg)
The Occupational Career Handbook
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What do many new jobs demand?
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A much higher level of education than
farm or factory jobs.
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What are the four types of earned income?
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Salary, wage, commission, and
Bonus.
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Which is a form of income other than earned income?
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Interest
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What is called a savings plan with a set length of time that you must keep your money in the account?
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Time deposit
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What has a strong influence on a person’s about what to buy?
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Values
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What are two important qualities for making a successful career?
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Persistence and Effort
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Today more than 70% of the people in our work force performs what kind of jobs?
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Service jobs
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On what simple plan is insurance based?
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If many people pay some money into an insurance plan, all the money, taken
together, will be enough to pay the large costs of the
few people who will need it.