200

1. 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

2. The occupation for which you train and which you pursue your life’s work.

3. Career

4. A manufacturer’s promise to repair a product if it breaks within a certain period of time from the date of purchase.

5. Warranty

6. Payments from the profits of companies in which a person owns stock.

7. Dividends

8. The ability to turn savings back into cash.

9. Liquidity

10. Indirect payments for work.

11. Fringe benefits

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

13. Disposable Income Section I Subtitle B Subheading 4 Detail a

14. What are four types of earned income?

15. 1. Salary2. Wage3. Comission4. Bonus Section I Subtitle B Subheading 1 Detail a, b, c, d

16. What is a good way to decide how much you want to spend and save?

17. Making a budget Section I Subtitle C Subheading 2 Detail a

18. What are some forms of income other than earned income?

19. Interest, dividends, sale or rental of personal property, gifts, and inheritance. Section I Subtitle B Subheading 3 Detail a

20. What are some common goals and values that people have when making financial choices?

21. Consumer spending, staying out of debt, to save for a particular goal, to support a cause or an organization. Section I Subtitle C Subheading 1 Detail a

22. What is called a savings plan with a set length of time that you must keep your money in the account?

23. Time deposit Section II Subtitle C Subheading 2 Detail b

24. What factors should you consider when deciding to buy an item?

25. Price, quality, features, warranty and service, and sales/discounts. Section II Subtitle B Subheading 2 Detail a Specific Details 1-5

26. What has a strong influence on a person’s decisions about what to buy?

27. Values Section II Subtitle B Subheading 1 Detail a

28. What factors do you need to think about when deciding which method of saving money would be the best for you?

29. Liquidity, Income, & Safety Section II Subtitle C Detail a

30. On what simple plan is insurance based?

31. 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. Section II Subtitle D Detail a

32. What is one way to make sure that you will be satisfied in your career?

33. By choosing a career that matches your interests and goals. Section III Subtitle B Subheading 3 Detail a

34. What are two important qualities for making a successful career?

35. Persistence and effort Section III Subtitle D Detail e

36. Where is a good place to find out about hundreds of jobs, their requirements, and their future possibilities?

37. The Occupational Career Handbook Section III Subtitle C Detail c

38. Today more than 70 percent of the people in our work force performs what kind of jobs.

39. Service jobs Section III Subtitle B Subheading 1 Detail a

40. What do many new jobs demand?

41. A much higher level of education than farm and factory jobs. Section III Subtitle B Subheading 1 Detail c

42. Fringe Benefits include medical and dental care, sick leave, and paid vacation days.

43. True Section I Subtitle B Subheading 2 Detail a

44. In borrowing money for purchases, it is not important to pay attention to the real cost of the item – the purchase price plus interest.

45. False Section II Subtitle B Subheading 3 Detail c

46. Saving money and paying down debt in the present will give you more options and choices in the future.

47. True Section I Subtitle C Subheading 2 Detail e

48. 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.

49. False Section II Subtitle C Subheading 2 Detail d

50. On-the-job experience can be a good way to find out whether or not a career is for you.