FP Unit 1 1.05

Why do many people pursue finance careers?

• Finance careers generally have small salaries.

• Careers in finance are typically easier than other careers

• There is a positive outlook for finance careers.

• Finance careers do not require much education or training.

Which of the following statements is true of finance careers:

• Soft skills are extremely important.

• People skills are not necessary.

• Only mathematical skills are necessary.

• Communication skills are not important.

Which of the following is an essential qualification for a career in finance:

• The ability to speak a foreign language

• Good communication skills

• A Masters of Business Administration (MBA)

• The desire to live in a large city

. Sharon is in charge of examining and preparing financial records at her company. What category of finance careers does she likely work in?

• Accounting

• Insurance

• Securities and investments

• Banking services

Which of the following statements best describes careers in accounting:

• Accounting careers include investment bankers and securities sales agents

• Accounting careers include loan officers and mortgage brokers.

• Accounting job duties include transferring risk.

• Accountants can work for the government, corporations, and more.

Which of the following is a typical job duty for someone working in accounting

• Accepting deposits

• Bookkeeping

• Lending funds

• Extending credit

Patrick is considering whether to become an auditor, cost analyst, or bookkeeper. What finance career field does Patrick want to work in?

• Banking services

• Insurance

• Securities and investments

• Accounting

Which of the following statements describes banking careers:

• They can involve accepting deposits and lending funds.

• They primarily consist of bank tellers.

• They are only found at commercial banks.

• They are not found at credit unions or insurance companies.

Which of the following are the largest institutions to deliver banking services

• Brokerage houses

• Commercial banks

• Savings and loan associations

• Insurance companies

Sabirah’s job duties include cash management, short-term investments, mortgages and other loans, credit cards, and bill payments. What category of financial careers does Sabirah work in?

• Accounting

• Insurance

• Banking services

• Corporate finance