These goals are usually achieved within the next year
What are short-term goals?
100
This is one influence on your potential salary
What is your education? (Training, demands for a person's skills, etc.)
100
An employment position obtained mainly to earn money
What is a job?
100
This is the first step of the financial planning process
What is Determining Your Current Financial Situation?
100
No revisions need to be made in the financial planning process.
What is FALSE?
200
This type of goal is accomplished within 5 years
What is an intermediate goal?
200
What a person gives up by making a choice
What is an opportunity cost?
200
A commitment to a profession that requires continued training and offers a clear path for occupational growth
What is a career?
200
Identifying ____________ courses of action is an important step in the financial planning process.
What is Alternative?
200
A possible opportunity cost is the money that you forgo by attending school instead of working.
What is TRUE?
300
These goals involve financial plans that are more than five years off
What are long-term goals?
300
When researching the effect of economic conditions on various career fields, you might referenence this financial resource?
What is the Occupational Outlook Handbook?
300
True or False: Very little evidence exists that a person's choice of employment influences his or her lifestyle.
What is FALSE?
300
This is what a person gives up by making a choice
What is an opportunity cost?
300
Education and training are major influences on salary.
What is TRUE?
400
Saving for retirement is an example of this type of goal
What is a long-term goal?
400
The document that summarizes your education, work experience, training and other job qualifications
What is a resume?
400
Compared to a job, a career typically requires _______ training.
What is more?
400
The last step in the financial planning process
What is Review and Revise Your Plan?
400
You research certain states and determine that California and Texas have the highest population growth. This is an example of technology trends influencing jobs in the future.
What is FALSE? (Geographic trends)
500
This acronym helps remind us how to set effective goals
What is SMART (Specific, Measurable, Achievable, Relevant, Timely)?
500
Matt has a goal of "saving $75 a month for a vacation." Matt's goal lacks this
What is a time frame?
500
The first step in the career planning process
What is Assess Your Interests, Abilities and Goals?
500
Evaluating risk and using financial resources to research your financial plan typically occur during this stage of the financial planning process
What is the Evaluate Your Alternatives stage?
500
Higher interest rates is an example of an industrial trend that could affect the job market?
What is FALSE? (Increased use of computers would be an example of industrial trend. Interest rates would be an example of economic conditions.)