AnswersPersonal Finance - EL3403Principles of Financial Planning

Making Employment Decisions Answers

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1
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How can a student pay for an education as part of a work-study program?

A
by taking a school job as part of a financial aid plan
B
by agreeing to work in the government for a scholarship
C
by agreeing to serve in the military after getting a degree
D
by working at a job that is close to the college or university
2
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What is one benefit of a dual-income household?

A
It provides more money because there are two salaries.
B
It allows more time to take care of household needs and responsibilities.
C
It eliminates the need for day care or other arrangements.
D
It clears schedules, allowing more opportunities to participate in leisure activities.
3

The chart shows facts related to professional interpreters.

Question illustration
A
will likely to continue to grow.
B
will likely to continue to shrink.
C
has changed very little over time.
D
tends to be unclear or hard to predict.
4

These lists outline the details of two jobs.

Question illustration
A
Job A has employee benefits and a higher salary.
B
Job A offers a higher salary and more days off.
C
Job B provides a higher salary but fewer days off.
D
Job B offers more days off and employee benefits.
5

When a student enters college, tuition is the

A
future cost.
B
future benefit.
C
immediate cost.
D
immediate benefit.
6

Which statement best explains scholarships that cover the costs of an education?

A
They require the use of savings.
B
They need to be paid back later.
C
They are often based on achievement.
D
They require borrowing money from a bank.
7

Which are ways to pay for a college education? Check all that apply.tuitionstudent loansfederal grantsbooks and feesstudent loan interestacademic scholarships

A
tuition
B
student loans
C
federal grants
D
books and fees
E
student loan interest
F
academic scholarships
8

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.
9

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.
10

The chart shows facts related to professional interpreters.

Question illustration
A
will likely to continue to grow.
B
will likely to continue to shrink.
C
has changed very little over time.
D
tends to be unclear or hard to predict.
11

When someone is considering a career as a lawyer, future earnings are the

A
net cost.
B
net benefit.
C
future cost.
D
future benefit.
12

Which statement best explains student loans that cover the costs of an education?

A
They require the use of savings.
B
They require repayment with interest.
C
They depend on getting good grades.
D
They do not have to be paid back later.
13

Which statement best explains federal grants that cover the costs of an education?

A
They require the use of savings.
B
They need to be repaid with interest.
C
They are based mostly on financial need.
D
They require borrowing money from a bank.
14

How can a student pay for an education as part of a work-study program?

A
by taking a school job as part of a financial aid plan
B
by agreeing to work in the government for a scholarship
C
by agreeing to serve in the military after getting a degree
D
by working at a job that is close to the college or university
15

When someone is considering a career as a lawyer, future earnings are the

A
net cost.
B
net benefit.
C
future cost.
D
future benefit.
16

These lists outline the details of two jobs.

Question illustration
A
Job A has employee benefits and a higher salary.
B
Job A offers a higher salary and more days off.
C
Job B provides a higher salary but fewer days off.
D
Job B offers more days off and employee benefits.
17

Which are costs of a college education? Check all that apply.tuitionfederal grantsbooks and feesroom and boardstudent loan interestacademic scholarships

A
tuition
B
federal grants
C
books and fees
D
room and board
E
student loan interest
F
academic scholarships
18

The benefits a worker receives from an employer typically include

A
federal grants.
B
the hourly pay rate.
C
interest on student loans.
D
medical and dental coverage.
19

What is one benefit of a dual-income household?

A
It provides more money because there are two salaries.
B
It allows more time to take care of household needs and responsibilities.
C
It eliminates the need for day care or other arrangements.
D
It clears schedules, allowing more opportunities to participate in leisure activities.
20

Which are ways to pay for a college education? Check all that apply.tuitionstudent loansfederal grantsbooks and feesstudent loan interestacademic scholarships

A
tuition
B
student loans
C
federal grants
D
books and fees
E
student loan interest
F
academic scholarships

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