مركز الاختبارات الالكترونية و المحوسبة

رقم السؤال: 1 من 43 درجة السؤال: 2.33

Which statement best describes how high school students should plan for their short-term and long-term financial goals?

It is best to become skilled at achieving short-term goals before making long-term goals.

Wait until after school is completed and before starting a family to think about long-term goals.

Setting and achieving both short- and long-term goals now can lead to successful long-term planning.

It is not necessary for high school students to make any long-term financial goals because their parents pay all or most of their expenses.

رقم السؤال: 2 من 43 درجة السؤال: 2.33

Which of the following is the best explanation of an object/step?

The objective/step must be realistic, specific, and/or measurable and suggests what you might do to reach the goal.

The objective/step defines or restates the goal so that there is no doubt of what you want to accomplish.

The objective/step must be realistic, specific, and/or measurable and describes when you will reach the goal.

The objective/step must be realistic, specific, and/or measurable and explains exactly what you will do to reach the goal.

رقم السؤال: 3 من 43 درجة السؤال: 2.33

If a worker earns a salary, how are earnings for the pay period determined?

Multiply the hours worked by the hourly rate of pay.

Multiply the hours worked by 1.5 times the hourly rate of pay.

Use a predetermined amount of pay regardless of the hours worked.

Compare the amount of productivity to the commission rate.

رقم السؤال: 4 من 43 درجة السؤال: 2.33

Which of the following is a properly written goal?

Save a lot of money by retirement.

Save 5 percent in short- and long-term savings accounts and in a 401k retirement fund.

Save a minimum of 8 percent of disposable income each month in retirement funds.

Try to save a minimum of 13 percent of discretionary income each month in a retirement account.

رقم السؤال: 5 من 43 درجة السؤال: 2.33

Which of the following will most likely not appear on a pay stub?

Gross pay

Net pay

Disposable income

Discretionary income

رقم السؤال: 6 من 43 درجة السؤال: 2.33

What is networking?

Establishing relationships and maintaining contact over time.

Moving jobs to other companies in other parts of the world.

Using the internet to submit resumes to potential employers.

Avoiding negative statements on an application or resume.

رقم السؤال: 7 من 43 درجة السؤال: 2.33

Which example is false regarding expenses?

Variable expense = monthly car payment.

Fixed expense = mortgage payment.

Unexpected expense = medical emergency.

Variable expense = groceries.

رقم السؤال: 8 من 43 درجة السؤال: 2.33

Which phrase best describes our aptitudes?

Skills we cannot possess.

Outlook on situations and circumstances.

Ethics, values, and morals.

Things we are capable of learning to do.

رقم السؤال: 9 من 43 درجة السؤال: 2.33

Which phrase best describes the purpose of the Federal Reserve System?

A bank for banks.

A bank for corporations.

A bank for individuals.

A bank for governments.

رقم السؤال: 10 من 43 درجة السؤال: 2.33

Which is an example of a social responsibility?

Earning a high income to offset poverty.

Investing money prudently.

Paying income taxes.

Keeping accurate financial records.

رقم السؤال: 11 من 43 درجة السؤال: 2.33

When is the best time to send a post-interview follow-up letter to a potential employer?

Within two weeks after the interview.

The day before the interview takes place.

The same day as the interview, or the day after.

A few days after submitting the application.

رقم السؤال: 12 من 43 درجة السؤال: 2.33

What best defines discretionary income?

Income after all payroll taxes are withheld.

Another name for gross income.

Income left over after taxes and living expenses are paid.

An amount equal to disposable income.

رقم السؤال: 13 من 43 درجة السؤال: 2.33

Which personal finance term is best applied to items such as food, clothing, and shelter?

Needs

Wants

Opportunity costs

Nonessentials

رقم السؤال: 14 من 43 درجة السؤال: 2.33

Which statement best describes the relationship between choices and consequences?

Choices and consequences are both decided by the individual.

Previous consequences rarely affect future choices.

There is no relationship between choices and consequences.

Individuals are free to make choices but cannot necessarily choose consequences.

رقم السؤال: 15 من 43 درجة السؤال: 2.33

For which purpose do new employees fill out a W-4 form?

To report the amount of taxable income for the year.

To determine the amount of federal income tax to be withheld.

To figure the amount of Social Security tax to be withheld.

To file federal and state income tax returns.

رقم السؤال: 16 من 43 درجة السؤال: 2.33

Which is the best technique to utilize when writing a cover letter?

Use a formal greeting such as "To whom it may concern."

Begin as many sentences as possible with the pronoun "I."

Repeat information from the resume to make it memorable.

رقم السؤال: 17 من 43 درجة السؤال: 2.33

What does it mean if an employer offers a "cafeteria" plan?

Employees can choose the length of their pay periods.

Employees are able to work flexible schedules.

Employees can choose the benefits they want.

Employees receive a free meal during their shift.

رقم السؤال: 18 من 43 درجة السؤال: 2.33

Which of the following incorrectly matches a pay period and its number of occurrences in a year?

weekly: 52 per year

biweekly: 24 per year

bimonthly: 24 per year

monthly: 12 per year

رقم السؤال: 19 من 43 درجة السؤال: 2.33

Which phrase best defines financial planning?

Deciding how to earn, spend, save, and invest money to enhance quality of life.

Using a decision-making process to evaluate ways to save or invest money.

Avoiding the influence of friends and peers when making purchasing decisions.

Keeping accurate and detailed financial records to aid in money management.

رقم السؤال: 20 من 43 درجة السؤال: 2.33

Preparing a budget is a vital part of which activity?

Financial planning.

Family recreation.

Education and training.

Job hunting.

رقم السؤال: 21 من 43 درجة السؤال: 2.33

Which best explains the statement, "Pay yourself first"?

Set aside money to pay for fringe benefits.

Always save or invest money before spending money.

Budget money for entertainment and fun activities first.

رقم السؤال: 22 من 43 درجة السؤال: 2.33

Which term most closely mimics the term opportunity cost?

Trade-off

Prospect

Decision

Career cost

رقم السؤال: 23 من 43 درجة السؤال: 2.33

Which consideration is not an aspect of the self-inventory component of the career planning process?

Values -- things that are important to us.

Education/training -- our willingness to learn.

Socioeconomic status --- how much money we have.

Interests -- things we enjoy.

رقم السؤال: 24 من 43 درجة السؤال: 2.33

Which phrase most accurately describes gross pay?

Pay before taxes and deductions have been withheld.

Pay after taxes and deductions have been withheld.

Another name for take-home pay.

Another name for discretionary income.

رقم السؤال: 25 من 43 درجة السؤال: 2.33

Which of the following provides the best definition of a budget?

A carefully organized collection of pay stubs, bank statements, and important receipts needed for tax returns.

A written document containing financial goals, as well as anticipated and actual income and expenses.

A form used to plan savings and investments for retirement.

رقم السؤال: 26 من 43 درجة السؤال: 2.33

Which one of the following statements does not apply to the economic principle of scarcity?

Individuals must learn how to save what is limited and limit what they want.

The economic principle of scarcity refers to limited resources and unlimited wants.

The economic principle of scarcity is not a factor for extremely wealthy people because they have unlimited resources and limited wants.

It is important to recognize the difference between needs and wants and to prioritize how we plan to invest/spend our dollars.

رقم السؤال: 27 من 43 درجة السؤال: 2.33

In addition to wages, some employeers provide their workers perks such as paid vacation and health insurance. What term is used for these perks?

Disposable income.

Fringe benefits

Discretionary income

رقم السؤال: 28 من 43 درجة السؤال: 2.33

Imaging is an important part of career planning because it helps us to

Visualize what we want to be.

See things as they really are.

Enter an unrealistic imaginary world.

Remember past accomplishments.

رقم السؤال: 29 من 43 درجة السؤال: 2.33

Which information is not commonly found on a pay stub?

YTD earnings.

Deductions in pay.

No federal income tax.

Employee Discounts.

رقم السؤال: 30 من 43 درجة السؤال: 2.33

Which of the following best describes fixed expenses?

Expenses that do not change from month to month.

Expenses that are a small percentage of a budget.

Expenses that change from month to month.

Expenses that apply to one person but not to another.

رقم السؤال: 31 من 43 درجة السؤال: 2.33

Which statement is false regarding the Federal Reserve System?

All national banks must be members of the Fed.

All state banks must be members of the Fed.

The Fed sets interest rates and sells government securities.

The Fed holds required reserves for member banks.

رقم السؤال: 32 من 43 درجة السؤال: 2.33

Goal setting includes the goal itself, objectives/steps, and timelines. Which of the following statements is the best explanation of a timeline?

Timelines describe when you want to reach either the goal or the objective/step. Timelines are normally stated in weeks, months, years, and decades.

Timelines describe the steps necessary to reach the objective.

Timelines describe when you want to reach either the goal itself or the objective/step; however, timelines are not necessary if the goal or objective takes more than five years to complete.

Timelines are always approximations since we never know for certain when we may be able to complete a goal or an objective/step. Timelines are critical for short-term goal setting, not long-term goals.

رقم السؤال: 33 من 43 درجة السؤال: 2.33

Which best describes the meaning of the phrase "self-esteem is dimensional"?

Self-esteem results from what others think about us.

Low self-esteem means we do not like anything about ourselves.

Self-esteem results form how we feel about ourselves.

Self-esteem includes our feelings about numerous characteristics.

رقم السؤال: 34 من 43 درجة السؤال: 2.33

Which of the following best describes why we cannot always use a decision-making model to effectively plan the best course of action.

The decision-making model is not helpful when making long-term goals.

The decision-making model is not suitable for making sudden emergency decisions.

The decision-making model is not useful when making financial decisions.

The decision-making model is never helpful when making short-term goals.

رقم السؤال: 35 من 43 درجة السؤال: 2.33

Which of the following provides the best financial record-keeping advice?

Only people with high incomes and a lot of property need to keep financial records.

File all financial information in an organization way, and store the records in a safe place.

All financial records should be stored in a safe-deposit box at a bank.

رقم السؤال: 36 من 43 درجة السؤال: 2.33

Regarding personal finance, which of the following statements best explains why "even not choosing is a choice"?

There are no consequences associated with the failure to make a choice.

Failing to make a choice may allow others to make the choice for you.

Making choices when facing important decisions is beyond our control

Consequences make people wiser because they learn from their mistakes.

رقم السؤال: 37 من 43 درجة السؤال: 2.33

Which statement best describes the economic principle of scarcity?

We have unlimited resources and limited wants.

We have limited resources and limited wants.

We have unlimited resources and unlimited wants.

We have limited resources and unlimited wants.

رقم السؤال: 38 من 43 درجة السؤال: 2.33

Which of the following is the best definition of a goal?

A goal describes when you want to accomplish a specific task.

A goal is a target -- it is realistic, specific and/or measurable and has only one definition or interpretation.

A goal is a target -- it is a general idea of what you want to do and your future aspirations.

A goal is how you will reach a target. It is something only you can decide how best to achieve.

رقم السؤال: 39 من 43 درجة السؤال: 2.33

Which statement is most accurate?

Avoiding making choices helps one avoid negative consequences.

Consequences are the natural result of making choices.

Small decisions have no consequences.

Choices and their consequences are only rarely connected.

رقم السؤال: 40 من 43 درجة السؤال: 2.33

Which is a true statement regarding a budget?

A budget should be carefully planned, practical, and flexible.

A budget should never be revised.

A budget should be designed by a certified public accountant.

All of the above.

رقم السؤال: 41 من 43 درجة السؤال: 2.33

What best defines discretionary income?

Income after all payroll taxes are withheld.

Another name for gross income.

Income left over after taxes and living expenses are paid.

An amount equal to disposable income.

رقم السؤال: 42 من 43 درجة السؤال: 2.33

Which of the three "A" words is demonstrated by employees who have a positive outlook, even in challenging situations?

Ability

Aptitude

Attitude

Attentiveness

رقم السؤال: 43 من 43 درجة السؤال: 2.33

Which of the following is an example of a required payroll deduction?

Medicare tax.

Insurance premiums.

Savings/investments.

Paid vacation.

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