Q1 T1

977 Words Apr 15th, 2015 4 Pages
(TCO 1) A(n) _____ summarizes your current financial situation, analyzes your financial needs, and recommends a direction for your financial activities.

Student Answer:

insurance prospectus

statement

budget

investment forecast

financial plan Instructor Explanation:
Chapter 1, page 24

Points Received:
0 of 1 Comments:

2.
Question :
(TCO 1) In financial planning, a major activity component involves the

Student Answer:

allocation of current resources for spending.

evaluation of investment alternatives.

evaluation of one's career.

selection of insurance coverage.

establishment of credit. Instructor Explanation:
Chapter 1, pages 2-3

Points Received:
1 of 1 Comments:
…show more content…
internship

employment.

cooperative employment experience.

career. Instructor Explanation:
Chapter 2, page 42

Points Received:
0 of 1 Comments:

13.
Question :
(TCO 1) A cash flow statement reports a person's or a family's

Student Answer:

net worth.

plan for spending.

value of investments.

balance of savings.

current income and payments. Instructor Explanation:
Chapter 3, page 85

Points Received:
1 of 1 Comments:

14.
Question :
(TCO 1) A _____ résumé would best be used by an employee who has worked in many fields and has a variety of skills in a variety of work-related categories.

Student Answer:

targeted

goal-oriented

chronological

functional

career change Instructor Explanation:
Chapter 2, page 68

Points Received:
0 of 1 Comments:

15.
Question :
(TCO 1) In the career planning process, after identifying specific job opportunities, a person should

Student Answer:

assess interests, abilities, and goals.

evaluate job offers.

plan for career growth.

evaluate the job market.

develop a résumé and cover letter. Instructor Explanation:
Chapter 2, page 45

Points Received:
0 of 1 Comments:

16.
Question :
(TCO 1) A lack of _____ refers to a lack of willingness to accept a variety of employment positions and is a common career planning mistake.

Student Answer:

common sense

flexibility

training
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