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89 Cards in this Set
- Front
- Back
In recent years, the demand for manufacturing jobs in the US has increased due to reduced foreign competition
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false
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Libraries usually have a variety of information sources for career planning and job exploration
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true
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education, training, and the demands for a person's skills are major influences on salary
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true
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continuing career education can be in a formal or an informal setting
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true
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references are commonly not included on a resume
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true
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the first step of the career planning process is to
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assess your interest, abilities and goals
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a lack of willingness to accept a variety of employment positions is a common career planning associated with weak
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flexibility
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efficient work habits are an example of
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an employees intiative
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a common criticism of including a career objective on a resume is that it
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is frequently the same as that of other candidates
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the education section of a resume should include
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schools attended
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special class projects can be presented on a resume as what kind of experience
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research
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a what kind of resume presents a person's education, work experience, and other information in a reverse time sequence
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chronological
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a what kind of resume is designed to obtain a specfic job
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targeted
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for an entry level position, a persons resume is likely to be
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1 page
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creative resumes or those with a gimmick are most appropriate for careers in
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advertising
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the purpose of a cover letter
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apply for a jobo
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an interview designed to reduce the number of candidates for a position to a workable size is an blank interview
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screening
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the purpose of a selection interview is to
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question candidates for a job in details
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which of the following would likely lead to the most added income over an individuals working career
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professional or doctorate degree
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which of the following is not a main purpose of a budget
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spend your money without care
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when creating a budget, which of the following statements is true
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numbers in the budget are estimates
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when creating a budget, it is important to
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set aside saving before other expenses are budgeted
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the difference between the amount budgeted and the actual amount received or spent is called the
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variance
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a budget deficit would result when a person's or family's
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actual expenses are greater than planned expenses
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after the budget is created, it is important to
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track spending and identify variances
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which of the following categories would be most difficult to cut from a household budget
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auto insurance
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a budget that involves envelopes, folders or containers to hold money or slips of paper is called a
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physical budget
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a budget that can be kept on notebook paper or budgeting paper is called a
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written budget
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financial advisers suggest that an emergency fund should cover one to two months of living expenses
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false
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when creating a budget, it is important to save the amount you have left at the end of the month
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false
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rebecca budgeted 345 for a new wardrobe. she actually spent 378. What is her budget variance
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33 deficity
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rebecca budgeted 1050 for housing and utilities. She actually spent 962. what is her budget variacne
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88 surplus
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the current financial position of an individual or family is a common starting point for financial planning
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true
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net worth is subtracting liabilities from assets
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*
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another name for a closed end credit
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installment credit
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another name for open credit is
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revolving credit
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direct loan of money for personal purposes
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installment cash credit
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in determing your credit capacity, you first provide for basic necessities such as
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mortgage or rent
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the credit bureau cannot charge you a disclosure fee if you ask to see your file within how many days of being notified of a denial based on a credit report
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60 days
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the borrowers attitude toward his or her credit obligations is called
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character
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the borrowers financial ability to meet credit obligations is
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capacity
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a term that refers to the borrowers assests or net worth is called
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capital
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which federal law limits a cardholders liability for unauthorized use of a card to 50$
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truth in lending act
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which of the following is important to do if you want to avoid credit card fraud
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sign your card as soon as you get it
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what should you do when you shop online using you credit card
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use a secure browser
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jennfier needs a loan to purchase a new car. she knows the creditor must
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evaluate her on the same basis as applicants who are male
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by paying cash for a purchase, you
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forgo the opportunity to keep the cash in a interest bearing account
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the max amount of credit you are allowed by a creditor is called
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line of credit
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an unauthorized person who obtains a credit report under false pretenses may be
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subject to fine and imprisionment
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which federal consumer credit law starts all credit applicants off on the same footing
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equal credit opportunity act
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a bank that is looking at y our past payment records on your laons is most lieky examining which aspect of the 5 Cs of lending
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character
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which federal law protects you by requiring credit bureaus to furnish correct and complete information to creditors
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fair credit reporting act
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jake purchases a big screen tv on a credit card and will repay the loan with one payment at the end of 90 days. what type of credit did jake use
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single lump sum credit
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sam knows the credit companies must evaluate her on the same basis as a borrower who is male. which consumer protection law guarantees her this right
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equal credit opportunity act
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brenda plans to rent instead of buy her housing. what advantage of renting will brenda encounter
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lower intial costs
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the legal document involed in renting an apartment is called a
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lease
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ownership of an indivifdual housing unit in a building is commonly called
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condominium
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a conventional mortgage usually involves
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equal payments
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a short term mortgage with a very large final payments is called a blank mortgage
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balloon
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a home equity loan may also be referred to as a blank mortgage
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second
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a cost associated with home buying would be
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property taxes
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renting would be most appropriate for people who
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have limited funds currently availbale
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what does it mean to sublet an apartment
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to obtain another tennant to complete a lease period
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the purpose of a security deposit is to
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pay for potential damages
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a common financial benefit of home ownership is
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increased property value
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a common financial risk of home ownership is
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property values may decrease
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which of the following would increase the amount that a person could afford to spend on a home
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increased family income
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the most commonly considered factor when selecting a home is the
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location of the home
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as wally conducts an investigationm of property value factors, most real estate experts tell him that blank most incluences the housing valus in the area
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quality schools
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a real estate agent can best assist a homebuyer by
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assisting in getting a mortgage
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the purpose of a counteroffer is to
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negotiate the purchase price
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earnest money has the purpose of
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serving as a good faith by ahomebuyer
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the amount of mortgage a person is eligible for would be incresed by
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lower interest rates
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what is prepaid interest charged by a mortgage company
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points
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a possible disadvantage of FHA an VA mortgages can be a
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longer processing time
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refinancing of a mortgage is recommended when
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interest rates fall
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the purpose of an appraisal is to
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estimate the current value of a home
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if you sell your home without the use of a real estate agent, you should still make use of a
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lawyer
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all of the following statements are considered to be good advice for a potential investor starting an investment program except
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increase credit purchases and make installment payments in order to increase cash availabkle for investing
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an emergency fund should be deposityed in a
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savings account at the higest available interest rate
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all earns 3000 $ per month. he pays his mortgagem utilities, and other bills and then he makes sure to set aside 150 for his savings and investment accounts before he spend oney to go to movies and others expenses. which suggestion for obtaining the mooney he needs for investing is he following
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paying himself first
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james has a mutual fund that autmaticallt take 50 $ out his checking account each month. which suggestion for obtaining the money he needs for investing is he following
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participating in an elective savings program
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after chthe ease with which an investment can be converted to cash without a substantial loss in dollar value is called the
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liquidity factor
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equity capital is money
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obtained from the owners of the business
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a type of investment that combines an invests the funds of many investors and manages it with a professional manager is called a
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mutal fun
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which of the following is not a business periodical
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new york stock exchange report
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the fees for investor services and newsletters generally range from blank a year
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30-1000$
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standard and poors and megents are companies that would be examples of
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investors services
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the maturity dates for most bonds range between blank years
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1 to 30 years-
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