Life Skills (1)
Life Skills (2)
Life Skills (3)
Life Skills (4)
Life Skills (5)
100

What is the fee you pay the owner for using their home?

Rent

100

What do you need to apply for a job, that includes your job history?

Resume

100

What is a probation period on a job?

The test period where a worker must show they can do the job, or they could be fired. 

100

What is the term for the initial payment made by a buyer when purchasing a house?

Down Payment

100

What term describes the tendency for people to believe they are less likely to experience negative events compared to others?

Optimism bias

200

You make an agreement with an apartment owner. This written contract is called a ___?

lease
200

This skill involves identifying market opportunities, developing business plans, and launching and managing successful ventures.


What is entrepreneurship

200

What term refers to the ability to budget, save money, and manage finances responsibly, including making large purchases like cars and houses?

What is financial literacy 

200

If an employer asks for a reference, what are they wanting? 

People you know who will speak well about you to an employer

200

What type of insurance protects your personal belongings, such as furniture and clothing, in case of theft or damage?

Renters insurance 

300

What term describes educational institutions that offer specialized training programs and certifications as alternatives to traditional four-year colleges and universities?

vocational schools or trade schools?

300

You take out a $500 loan and have to pay back $550. What is the extra money you have to pay back called?

Interest

300

What type of investment fund pools money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other assets?

Mutual Fund

300

If you do not brush your teeth, a sticky film of bacteria, called ___ continually forms around your teeth and gums

plaque

300

What is the process of having a professional assess the value of a property before finalizing a mortgage called?

Home appraisal 

400

The apartment says that utilities aren't included in the rent. What is an example of one of the utilities? 

Power, water, gas, or sewage. 

400

This type of tax is imposed on the transfer of property after the owner's death.

What is an estate tax?

400

What term describes the tendency for people to prefer immediate rewards over larger rewards that require waiting?

Instant gratification 

400

This form, known by its number, is used by individuals to file their federal income tax returns in the United States.

What is Form 1040?

400

What is the score called that determines your interest rate on a car?

 Credit Score 

500

What is the  average temp the furnace  should  be  set at 

65*

500

If you are paid every two weeks, how many paychecks will you get in a year? DO NOT USE A CALCULATOR

26

500

What is the term for the interest rate charged on the outstanding balance of a credit card if the full amount is not paid by the due date?

Annual Percentage rate

500

What is the process of transferring ownership of a property from seller to buyer called?

Closing or settlement 

500

What is the term for a collection of investments, such as stocks, bonds, and mutual funds, owned by an individual or entity?

Investment portfolio 

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