Behavioral Finance, Career and College Unit Test Study Guide

Soft skills can be best described as...

• Skills that are easy to demonstrate and measure
• Skills that allow a person to work effectively with others
• Skills that apply only to a specific position
• Skills that are unimportant to employers

If a college degree is expensive, why is it often considered a good financial decision to go to college?

• College graduates always hold higher-paying jobs than high school graduates
• College graduates have higher average lifetime earnings than high school graduates
• Most people don’t graduate with student debt
• After paying tuition, students will have a partial ownership stake in a valuable university

Which statement is TRUE about the job posting shown here?

• The job is for an accounting specialist to work at Indeed
• Whoever is hired can expect to make $110,000 per year
• This scheduled hours are Monday-Friday with some weekends
• AutoNation will provide this employee with multiple types of insurance in their benefits package

All of the following are hard skills EXCEPT...

• Coding
• Accounting
• Carpentry
• Adaptability

The federal government makes interest payments on __________ while you’re enrolled in school at least half-time, for the first six months after you leave school, and during any period of deferment.

• Work-Study
• Subsidized federal loans
• Unsubsidized federal loans
• Grants

Which of these options lists the types of financial aid from MOST attractive to LEAST attractive?

• Private loans, Federal loans, Work-study, Grants/Scholarships
• Grants/Scholarships, Work-study, Federal loans, Private loans
• Work-study, Grants/Scholarships, Federal loans, Private loans
• Federal loans, Grants/Scholarships, Work-study, Private loans

Which of the formulas below correctly calculates net price?

• Sticker price - student loans = net price
• Grants and scholarships + student loans = net price
• Sticker price - grants and scholarships = net price
• Sticker price + grants and scholarships = net price

Which of the following is considered a direct cost of attending a school?

• Travel Expense
• Cell Phone Bill
• Food and Entertainment
• Tuition

Your school counselor is a great resource for all of the following EXCEPT…

• Providing information about scholarships and grants you wouldn’t be able to find elsewhere
• Negotiating lower interest rates with your lenders
• Suggesting specific scholarship and grant opportunities based on your personal strengths and accomplishments
• Comparing different colleges, their costs of attendance, and financial aid offers

Which of the following is a TRUE statement regarding employee benefits?

• All employers offer the same employee benefits, so there is no need to review benefits when you are offered a job
• Employee benefits always cost you extra money, so it is important to choose only a select few when accepting a job position
• It is possible for a job with a lower salary to have a better total compensation package when employee benefits are included
• Jobs offering a higher salary always offer better employee benefits