Multiple Choice Questions
Identify the choice that best completes the statement or answers the question.
____ 1. An example of a flexible expense is
A. Insurance Payments. C. Rent.
B. Car Payments. D. Clothing costs.
D. Closing Costs
When preparing for your interview, plan to
A. Take along a snack in case you get hungry.
B. Dress nicely.
C. Bring a tape recorder.
D. Wear your most expensive jewelry.
B. Dress nicely.
What percentage of you monthly income should go to housing/rent?
28%
What are property taxes used for? Name at least 2
What is the FAFSA?
Free Application for Federal Student Aid
In conflict resolution, the solution often involves
A. Humor C. Compromise
B. Fighting D. Punishment
C. Compromise
"What are your greatest strengths?" is
A. An illegal question.
B. A typical interview question.
C. A tough question to stump you.
D. All of the above.
B. A typical interview question.
Can you afford an apartment that is 32% of your monthly income?
No, you should not spend more than 28% of your monthly income on rent/mortgage.
The largest part of most people's earnings is used to pay for
A. Housing. C. Entertainment.
B. Transportation. D. Food.
A. Housing.
Do you have to pay back all student loans?
No, some student loans are grants. Grants do not need to be paid back.
One benefit of volunteering is
A. Getting tax credits
B. Getting a better salary at work
C. Learning to eat a balanced diet
D. Helps meet new people
D. Helps meet new people
A firm handshake is rude during an interview. True or False
False, A firm handshake is a good way to begin an interview, a polite way to end an interview, and shows positive body language.
What is a security deposit?
A security deposit is a payment someone makes to a landlord or property management company before moving into an apartment or house. This money covers the costs of repairing potential damage from renters, like stains on carpeting. It can also cover a missed rent payment.
What is interest?
The proportion of a loan that is charged as interest to the borrower, is typically expressed as an annual percentage of the loan outstanding.
You would need additional years of education beyond a bachelor's degree to become a(n)
A. Bookstore manager. C. Computer repairer.
B. Lawyer. D. Accountant.
B. Lawyer.
After the interview, it is important to
A. Call your mom and tell her how it went.
B. Thank the interviewer for their time.
C. Upgrade your wardrobe.
D. Quit your current job.
B. Thank the interviewer for their time.
If the interviewer asks you a questions that seems to confuse you,
A. Ask him or her to clarify it.
B. Give details that show you think clearly.
C. Pretend you did not hear it.
D. Explain why you would be right for the company.
A. Ask him or her to clarify it.
How do you calculate your Monthly Salary based on your yearly salary?
Yearly income is divided by 12 months of the year.
What percentage should you put down on a house?
10-20%
What is a college credit or unit?
In college, a unit or credit is a way for the school to quantify the amount of academic work required to earn a degree.
A lease is a document that
A. Spells out the responsibilities of the landlord and the tenant.
B. Helps you balance work and personal life.
C. Can make you more productive at work.
D. Reminds you to pay your bills on time.
A. Spells out the responsibilities of the landlord and the tenant.
When PREPARING for a job interview, it is very important to
A. Ask for a formal offer letter.
B. Research the company.
C. Plan how to spend your first paycheck.
D. Send a follow-up letter.
B. Research the company.
How do you calculate your budget for housing?
Multiple monthly income by .28. This will give you how much you can afford for monthly housing.
What is Escrow?
The holding of funds or documents by a neutral third party prior to closing a home sale.
What are scholarships?
A scholarship is a monetary gift or award given to a student to help cover the costs associated with attending a college, university, or technical school.