Chapter 02 – Financial Aspects of Career Planning
1. (p. 42) A job tends to have less of a long-term commitment to a field than a career.
2. (p. 55) Corporate culture refers to the methods used by an organization to determine the value
of employee benefits.
3. (p. 42) A possible opportunity cost associated with career advancement is a need to relocate
your household.
Chapter 02 – Financial Aspects of Career Planning
4. (p. 44) An interest inventory measures a person’s aptitudes.
5. (p. 46) Certain careers increase and decrease in demand based on changes in interest rates.
6. (p. 47) Increased technology can result in a reduction of employment in one industry while
creating new jobs in other industries.
Chapter 02 – Financial Aspects of Career Planning
7. (p. 50) Libraries usually have a variety of information sources for career planning and job
exploration.
8. (p. 50) Current business and economic news can be an indication of future job demand.
9. (p. 52) The purpose of an informational interview is to obtain employment from a branch
office of a major corporation.
Chapter 02 – Financial Aspects of Career Planning
10. (p. 50) Government supported employment services can assist individuals with finding a
job.
11. (p. 55) A cafeteria-style employee benefits program allows workers to select the benefits
they prefer based on their personal situations.
12. (p. 57) A tax-exempt employee benefit is usually more advantageous than a tax-deferred
benefit.
13. (p. 59) Continuing career education can be in a formal or an informal setting.
Chapter 02 – Financial Aspects of Career Planning
14. (p. 59) A mentor is an experienced employee who serves as a teacher and counselor for a
less experienced person in a career field.
15. (p. 67) A person’s birth date, sex, height, and weight should only be included on a résumé‚ if
that information relates specifically to qualifications for an employment position.
16. (p. 67) A list of grades received in school is commonly included on a résumé.
17. (p. 68) References are generally omitted from a résumé.
Chapter 02 – Financial Aspects of Career Planning
18. (p. 68) Functional résumés emphasize a person’s skills and abilities in categories such as
communications, research, and human relations.
19. (p. 71-72) The purpose of a cover letter is to determine if a company has jobs available.
20. (p. 75) A screening interview is reserved for only the finalists in a job search.
21. (p. 42) Compared to a job, a career:
Chapter 02 – Financial Aspects of Career Planning
22. (p. 42) A (n) ____________ is an employment position that is obtained mainly to earn
money.
23. (p. 42) Which one of the following is defined as a commitment to a profession that requires
continued training and offers a clear path for occupational growth?
24. (p. 45) The first step of the career planning process is to:
Chapter 02 – Financial Aspects of Career Planning
25. (p. 45) The final step of the career planning process is to:
26. (p. 45) In the career planning process, after identifying specific job opportunities, a person
should:
27. (p. 43) A lack of willingness to accept a variety of employment positions is a common career
planning mistake associated with a lack of:
Chapter 02 – Financial Aspects of Career Planning
28. (p. 43) Natural abilities that people possess are called:
29. (p. 43) Mathematical abilities, problem-solving skills, and physical dexterity are examples
of:
30. (p. 46-47) Which of the following trends is most likely to increase domestic career
opportunities in manufacturing organizations?
Chapter 02 – Financial Aspects of Career Planning
31. (p. 46) Changes in the demand for goods and services are an example of a(n) ____________
influence on the job market.
32. (p. 46) Which of the following is an example of an industrial trend that could affect the job
market?
33. (p. 50) Bill Evans is concerned about the effect of current economic conditions on various
career fields. Which one of the following would be most useful to Bill as he addresses his
concerns?
Chapter 02 – Financial Aspects of Career Planning
34. (p. 50) The Occupational Outlook Handbook would be most useful for determining:
35. (p. 50) Which one of the following is a professional association that can assist in career
planning for a specific career area?
36. (p. 52) The purpose of an informational interview is to:
Chapter 02 – Financial Aspects of Career Planning
37. (p. 50) Kenton Greer wants to locate employment positions presently available in his career
area. This information would be best obtained:
38. (p. 58) To assess the current value of a lump-sum retirement benefit that will be received in
10 years, use the ____________ calculation.
39. (p. 58) 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:
Chapter 02 – Financial Aspects of Career Planning
40. (p. 57) Federal tax-deferred employee benefits are:
41. (p. 59) Efficient work habits are an example of:
42. (p. 67) A common criticism of including a career objective on a résumé is that it:
Chapter 02 – Financial Aspects of Career Planning
43. (p. 67) The education section of a résumé should include:
44. (p. 49) Tom Husson recently coordinated a fund raising project for an organization that
assists homeless youth. This would most likely be an example of experience in:
45. (p. 68) A chronological résumé sequences personal data based on:
Chapter 02 – Financial Aspects of Career Planning
46. (p. 68) A ____________ résumé presents a person’s education, work experience, and other
information in a reverse time-sequence.
47. (p. 68) A functional résumé is best for a person who:
48. (p. 68) A person who has worked in many fields and has a variety of skills in categories such
as communications, research, and personnel administration would probably be best served
with the use of a ____________ résumé.
Chapter 02 – Financial Aspects of Career Planning
49. (p. 68) A ____________ résumé is designed to obtain a specific job.
50. (p. 70) For an entry-level position, a person’s résumé is likely to be:
51. (p. 71) Creative résumés or those with a gimmick are most appropriate for careers in: