Quiz Show Financial Literacy Chapter 1 Quiz Review
Feb 10, 2016
Quiz ShowFinancial Literacy
Chapter 1 Quiz Review
a gift of money or other aid awarded to a student to help pay for education
Scholarship
the expense paid by students for the instruction at a school
tuition
a loan on which interest is not charged until the student graduates
subsidized student loan
a set of moral values that people consider acceptable; the study of what is right versus wrong
ethics
money given by government or school to pay for educational expenses that does not have to be repaid
grant
any money you receive from an outside source to help pay for education
financial aid
contact with a prospective employer after the interview but before a person is hired for the opening
follow-up
the unique skills and abilities that you bring to the job market
skill set
nontechnical skills needed by most workers for success on the job
soft skills
people who have known you and can provide information about your skills, character, and achievements
references
a summary of your work experience, education, skills, and interests that qualify you for a job opening
resume
the job openings that are available when you are ready to go to work
job market
a face-to-face meeting with a potential employer to discuss a job opening
job interview
spending time observing a worker in a type of job that interests you
job shadowing
a principle that reflects the worth you place on an idea or action
value
TRUE or FALSE?TRUE or FALSE?supply and demand have an inverse relationship to one another (when demand is high, supply is typically low and vice versa)
TRUE or FALSE?TRUE or FALSE?Price usually follows supply (i.e. when supply is high then price is high and vice versa)
TRUE or FALSE?TRUE or FALSE?In a recession, people should save even more of their money
references
soft skills
hard skills
financial aid
grant
federally gifted money for education you do not have to repay
examples: CPR, plumbing repair, performing surgery, accounting
People who vouch for you – put on your resume
examples: communication, leadership, computers,
organization, ANY outside source of funding
for your education
Match the terms with the descriptions:
To best stimulate the economy, should you save your money in a recession or recovery period?
save in a recovery period
If everyone stops spending their money in a recession period, the recession gets deeper and a ripple effect happens such as jobs are lost. It is best to spend some of your extra money in a recession and wait until recovery to save a lot
An advantage to using social networking for job searching is :
• rapid response • up to the minute information• Wide range of sources
What is a disadvantage of using Social Networking ?
Your prospective employer can search for you and find out more
about youIf you post negative comments, this could damage your job prospects as well as your
relationshipsDO NOT:
complain criticize swear brag