Test Bank For Personal Finance 13Th Ed By Jack Kapoor
Personal Finance, 13e (Kapoor)
Chapter 2 Financial Aspects of Career Planning
1) Corporate culture refers to the methods used by an organization to determine the value of employee benefits.
Answer: FALSE
Difficulty: 2 Medium
Topic: Work environment and considerations
Learning Objective: 02-04 Assess financial and legal concerns related to obtaining employment.
Bloom’s: Understand
Accessibility: Keyboard Navigation; Screen Reader Compatible
Gradable: automatic
2) An interest inventory measures the natural abilities that people possess.
Answer: FALSE
Difficulty: 2 Medium
Topic: Career choice factors
Learning Objective: 02-01 Describe activities associated with career planning and advancement.
Bloom’s: Understand
Accessibility: Keyboard Navigation; Screen Reader Compatible
Gradable: automatic
3) Employment in housing-related industries increases and decreases based on changes in interest rates.
Answer: TRUE
Difficulty: 1 Easy
Topic: Career opportunities; Economic conditions and factors
Learning Objective: 02-02 Evaluate factors that influence employment opportunities.
Bloom’s: Understand
Accessibility: Keyboard Navigation; Screen Reader Compatible
Gradable: automatic
4) Libraries usually have a variety of career information sources for career planning including government publications and industry brochures.
Answer: TRUE
Difficulty: 1 Easy
Topic: Career Information Sources
Learning Objective: 02-03 Implement employment search strategies.
Bloom’s: Understand
Accessibility: Keyboard Navigation; Screen Reader Compatible
Gradable: automatic
5) The purpose of an informational interview is to obtain employment from a branch office of a major corporation.
Answer: FALSE
Difficulty: 2 Medium
Topic: Job interviews
Learning Objective: 02-03 Implement employment search strategies.
Bloom’s: Understand
Accessibility: Keyboard Navigation; Screen Reader Compatible
Gradable: automatic
6) Government-supported employment services can assist individuals with finding a job.
Answer: TRUE
Difficulty: 2 Medium
Topic: Job opportunities and searches
Learning Objective: 02-03 Implement employment search strategies.
Bloom’s: Understand
Accessibility: Keyboard Navigation; Screen Reader Compatible
Gradable: automatic
7) A cafeteria-style employee benefits program allows workers to select the benefits they prefer based on their personal needs.
Answer: TRUE
Difficulty: 2 Medium
Topic: Cafeteria-style employee benefits
Learning Objective: 02-04 Assess financial and legal concerns related to obtaining employment.
Bloom’s: Understand
Accessibility: Keyboard Navigation; Screen Reader Compatible
Gradable: automatic
8) A tax-exempt employee benefit may be worth more than a tax-deferred benefit.
Answer: TRUE
Difficulty: 3 Hard
Topic: Taxation and employee benefits
Learning Objective: 02-04 Assess financial and legal concerns related to obtaining employment.
Bloom’s: Understand
Accessibility: Keyboard Navigation; Screen Reader Compatible
Gradable: automatic
9) Continuing career education to update your knowledge can be through formal or informal methods.
Answer: TRUE
Difficulty: 1 Easy
Topic: Career development
Learning Objective: 02-05 Analyze techniques available for career growth and advancement.
Bloom’s: Understand
Accessibility: Keyboard Navigation; Screen Reader Compatible
Gradable: automatic
10) A mentor is an experienced employee who serves as a teacher and counselor for a less experienced person in a career field.
Answer: TRUE
Difficulty: 2 Medium
Topic: Career development
Learning Objective: 02-05 Analyze techniques available for career growth and advancement.
Bloom’s: Understand
Accessibility: Keyboard Navigation; Screen Reader Compatible
Gradable: automatic
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