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Exam 2: Financial Aspects of Career Planning

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Question 41

Multiple Choice

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Which of the following is an opportunity to contact several firms in a short time span? (Hint: It is often held at local universities or convention centers.)

A) Networking
B) An internship
C) A career fair
D) A cover letter
E) An informational interview

F) A) and B)
G) All of the above

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Question 42

Multiple Choice

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The purpose of the development section of a cover letter is to:

A) express interest in a specific job.
B) request an interview.
C) get the reader's attention.
D) get the reader to take action.
E) highlight background that qualifies the applicant for a specific job.

F) A) and E)
G) B) and C)

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Question 43

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A medical-spending account (MSA) allows people to pay health care costs with pretax dollars.

What are the 3 steps to effective networking?

Joseph is eligible for a nontaxable life insurance benefit with an annual premium of $400 paid entirely by his employer. Assuming Joseph is in a 25% bracket, how much would he have to earn to pay for this benefit with after-tax dollars?

Jason Liang has gotten three job offers. He is now looking at the benefits packages of all three to see what he likes and doesn't like. Which step in the career planning process is Jason completing?

Mathematical abilities, problem-solving skills, and physical dexterity are examples of:

An interview designed to reduce the number of candidates for a position to a workable size is a(n) ____________ interview.

The purpose of an informational interview is to:

An interest inventory measures a person's aptitudes.

Functional resumes emphasize a person's skills and abilities in categories such as communications, research, and human relations.

Blake Edwards has done some research and has discovered that economists believe interest rates will rise significantly over the next two years. Blake believes that this will lead to fewer homes being sold and fewer jobs in the banking and mortgage industries. This is an example of __________________ influencing jobs in the future.

Jeremy Irons has done some research and has discovered that the states with the largest population growth are Colorado and Arizona. Based on his findings, Jeremy believes these states will experience greater job growth as a result. This is an example of _____ influencing jobs in the future.

An elevator speech is a short, persuasive, focused summary of your unique experiences and skills used when networking.

Jennifer Ryan wants to gain some employment experience so when she is ready to start a career she has something to offer a company. She has decided to work 20 hours a week for a local accounting firm answering the phone and assisting the partners in completing tax returns. Which of the following employment experience strategies is she pursuing?

A tax-exempt employee benefit is usually more advantageous than a tax-deferred benefit.

Which one of the following would likely lead to the most added income over an individual's working career?

Tara Guest wants to gain some needed experience so when she is ready to start a career she has something to offer a company. She has decided to help the Edmond Historical Society present programs to local school children. Which of the following employment experience strategies is she pursuing?

What activities are commonly suggested when preparing for a job interview?

Government supported employment services can assist individuals with finding a job.