Match each type of value with the correct description.
Column A
1.
Inner values:
Inner values
2.
Social values:
Social values
3.
Physical values:
Physical values
4.
Financial values:
Financial values
Column B
a.Related to our desire to belong or build relationships with others
b.What we think or believe about money
c.How we see ourselves or how we believe others see us
d.The tangible aspects of life, such a material possessions or health
Question 3 (1 point)
You have been given a diamond and a bottle of water.
You have also been stranded on a desert island for days and you are dehydrated.
Based on the paradox of value, which item is more valuable to you and why?
a
Diamond; it is more helpful in the current situation
b
Diamond; it can yield more item return at a later time
c
Water; it is more helpful in the current situation
d
Water; it can yield more item return at a later time
Question 4 (1 point)
Which of the following statements best defines utility?
a
What you can obtain for an item at a later time
b
How well something satisfies a person's wants or needs
c
What we lose by giving up the other provided choice
d
How helpful an item is given the context of a current situation
Question 5 (1 point)
Now that you are in Middle School, you should already have your full future career plan decided.
True
False
Question 6 (1 point)
Adam loves to be outdoors. He likes to take things apart and put them back together. He llikes to build forts and treehouses in his backyard. He is considering a career in Construction. Which factor is he considering when choosing this career?
a
His interests
b
His skills
c
His personality
d
His values
Question 7 (1 point)
Amaya is really great at Science. She has the highest grade in her class. She is especially good at botany (taking care of plants) and her teacher has asked her to be in charge of all of the class plants this year. She is considering owning her own plant shop or nursery in the future. Which factor of choosing a career is being considered here?
a
Her interests
b
Her skills
c
Her personality
d
Her values
Question 8 (1 point)
Carlos has always been very quiet and reserved. He doesn't like to be in large groups of people and he isn't comfortable talking to people he doesn't know. He got a summer job working at the local amusement park and doesn't seem to enjoy his job at all. Which factor of choosing a career did Carlos not consider when taking the job?
a
His interests
b
His skills
c
His personality
d
His values
Question 9 (1 point)
The most important thing in the world to Courtney is her family. Even though she is grown up, she still lives in her hometown, just minutes away from her parents. They spend every weekend together. Courtney was recently offered a promotion at work. While the salary is significantly higher, it would require her to work longer hours and to travel out of state at least twice per month. She decideds to decline the position, because she knows she hate being away from her family that much. Which factor of choosing a career did Courtney consider?
a
Her interests
b
Her skills
c
Her personality
d
Her values
Question 10 (1 point)
Andrea works at a job where she earns an hourly rate of $15 per hour. Last week, she worked 30 hours. If she is paid each week, how much would her paycheck be for last week before taxes?
a
$1,000
b
$450
c
$400
d
$375
Question 11 (1 point)
Without taxes, the government would not be able to pay for the services they provide.
True
False
Question 12 (1 point)
The money you make in your paycheck BEFORE any deductions are made is called your _____ pay.
a
Gross
b
Net
c
Total
d
Discretionary
Question 13 (1 point)
The amount of money you will receive from your paycheck AFTER deductions are taken out is called _____ pay.
a
Gross
b
Net
c
Total
d
Discretionary
Question 14 (1 point)
FICA taxes on a paycheck are used for what two purposes?
a
Federal and state taxes
b
Health Insurance and Medicare
c
Social Security and Income Taxes
d
Social Security and Medicare
Question 15 (1 point)
Which of the following is NOT an example of a voluntary paycheck deduction?
a
Employee paid insurance
b
Social Security
c
401K
d
Life Insurance
Question 16 (1 point)
Studies show that level of education is directly related to someone's lifetime income.
True
False
Question 17 (1 point)
When paying for college, a grant is money that you will have to pay back in the future.
True
False
Question 18 (1 point)
Jose is paid based on the following wage chart.
Regular pay applies to anything up to 40 hours. After 40 hours, he makes overtime pay on the remaining hours.
Last week, Jose worked 50 hours. What will his gross pay be for last week?
a
$750
b
$550
c
$500
Question 19 (1 point)
Below is a copy of Jose's most recent paystub.
What is Jose's gross pay for this pay period?
a
$1335.00
b
$1021.56
c
$445
d
$340.52
Question 20 (1 point)
Below is Jose's most recent paystub.
How much has Jose paid in Federal tax so far this year?
a
$35.60
b
$106.80
c
$8.90
d
$26.70