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Review for Chapter 15 Test

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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 Presentation

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Page 1: 200

Review for Chapter 15 Test

Page 2: 200

Fringe Benefits include medical and dental care, sick leave, and paid vacations.

True or False

Section 1 Notes

Page 3: 200

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

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

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

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

False

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What is called the amount of money left over after taxes have been paid?

Page 13: 200

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?.

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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?

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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.