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Exam 2: Financial Aspects of Career Planning

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Question 21

Multiple Choice

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In recent years, approximately what percent of new jobs in the U.S. economy occurred in companies with fewer than 100 employees?

A) 10
B) 25
C) 50
D) 80
E) 90

F) D) and E)
G) A) and B)

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Question 22

Multiple Choice

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With completion of a bachelor's degree one can expect to earn _____ in income over a 40-year period.

A) $2.8 million
B) $1.8 million
C) $3.8 million
D) $2.5 million
E) $4.3 million

F) A) and B)
G) C) and D)

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Question 23

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Lisa Trotter wants to gain some needed experience so when she is ready to start a career she has something to offer a company. She has decided to help with the homecoming parade for the University of Central Oklahoma where she goes to school full-time. Which of the following employment strategies is she pursuing?

Which of the following trends is most likely to increase domestic career opportunities in manufacturing organizations?

Barb Hotchkins is in the 28 percent tax bracket. A tax-exempt employee benefit with a value of $500 would have a tax-equivalent value of:

What is the purpose of a cover letter?

Which of the following is sent to a company to indicate your interest in a position and to obtain an interview? (Hint: It is generally accompanied by your resume.)

_________ is a benefit on which you pay no taxes.

Caroline lives in City A and earns $50,000 per year. The cost of living index in City A is .8. She is considering a move to City B which has a cost of living index of .9. How large a salary will she require in City B to maintain her current standard of living?

The main sources of networking include the following:

It is legal for an interviewer to ask you about your marital status.

A(n) ____________ is an employment position that is obtained mainly to earn money.

In the career planning process, after identifying specific job opportunities, a person should:

A lack of willingness to accept a variety of employment positions is a common career planning mistake associated with a lack of:

Which of the following is an example of an industrial trend that could affect the job market?

Certain careers increase and decrease in demand based on changes in interest rates.

A job tends to have less of a long-term commitment to a field than a career.

Billy Freniere has gone to the career placement center at his university. He has taken both an interests test and a personality test and has found careers where his interests and personality are well suited. Which step in the career planning process has Billy completed?

Louise Ellis recently has been offered employment in another city. She has been employed in her current position for four years. What factors should Louise consider when evaluating this new position?

Corporate culture refers to the methods used by an organization to determine the value of employee benefits.