Which is an example of saving? (NCCTE.9_12.SH.BF05.PF1.01) 

Mary put money in a bank account.

Which is an example of spending? (NCCTE.9_12.SH.BF05.PF1.01) 

Mary bought a pair of designer jeans on the Internet.

Which is an example of earning? (NCCTE.9_12.SH.BF05.PF1.01) 

Sam sold things he made at a flea market.

Susan is going to obtain a loan to buy a stereo system. This is an example of which economic activity? (NCCTE.9_12.SH.BF05.PF1.01) 

borrowing

Nancy works in a restaurant where she receives tips. Receiving tips is an example of which economic activity? (NCCTE.9_12.SH.BF05.PF1.01) 

earning

Amanda always wanted to become a nurse even though she knew that health care professionals do not generally make good salaries. Amanda's choice of occupation will directly influence her: (NCCTE.9_12.SH.BF05.PF1.01) 

standard of living.

Rick cannot afford to buy Christmas gifts for everyone in his family. This illustrates: (NCCTE.9_12.SH.BF05.PF1.01) 

the Law of Scarcity.

Sharon paid for an unexpected trip to the emergency room instead of paying her car payment. This illustrates: (NCCTE.9_12.SH.BF05.PF1.01) 

an opportunity cost.

Tom borrowed $100 from a friend to buy items he needed for work with a retail value of $300. When he gets his next paycheck, he will have enough money to pay off the debt. This illustrates: (NCCTE.9_12.SH.BF05.PF1.01) 

wise use of credit to extend a person's buying power.

Kim has always loved and understood dogs; now she has a part-time job dog-sitting in the neighborhood. This illustrates: (NCCTE.9_12.SH.BF05.PF1.01) 

using one's knowledge to increase earnings. 

The Hayes family puts aside $50 every month for unexpected emergencies. When Mr. Hayes lost his job, the family was glad to have this money to pay bills until he could find a new job. This illustrates: (NCCTE.9_12.SH.BF05.PF1.01) 

forming the habit of saving regularly.

Jim decided to save his money for his senior expenses rather than spending it at the mall. This illustrates: (NCCTE.9_12.SH.BF05.PF1.01) 

making wise choices in light of trade-offs.

Fred put 5% of his earnings into an interest-bearing savings account each month. For Fred, this illustrates which benefit of saving? (NCCTE.9_12.SH.BF05.PF1.01) 

Can be used to earn additional income

Which is an example of responsible earning? (NCCTE.9_12.SH.BF05.PF1.01) 

Dorothy decided to keep her part-time job until she could find another so she could continue to meet her monthly expenses.

Which is an example of responsible borrowing? (NCCTE.9_12.SH.BF05.PF1.01) 

Ed accepted a loan from his uncle because he knew he could pay it back.

Ted earns $250 a week from his part-time job. His goal is to save $150 each month to go on a vacation. Which phrase BEST describes this goal? (NCCTE.9_12.SH.BF05.PF1.02) 

Ted earns $250 a week from his part-time job. His goal is to save $150 each month to go on a vacation. Which phrase BEST describes this goal? (NCCTE.9_12.SH.BF05.PF1.02) 

Mary's goal is to put aside money for Christmas presents from May until December. Which phrase BEST describes this goal? (NCCTE.9_12.SH.BF05.PF1.02) 

Time-bound, but not measurable

Matt's goal is to save his pocket money to buy a used CD player from his cousin who has just bought a new player. Which phrase BEST describes this goal? (NCCTE.9_12.SH.BF05.PF1.02) 

Not measurable and not time-bound

Mrs. Dunn always goes to the cleaners around the corner from her job. This illustrates a decision made: (NCCTE.9_12.SH.BF05.PF1.02) 

from habit.

Mr. Matthews bought the first box of candy he saw for his wife's birthday. This illustrates a decision made: (NCCTE.9_12.SH.BF05.PF1.02) 

on impulse.

At breakfast, Carla's Dad announced a family trip to visit his mother. At lunch, Mary invited Carla on a shopping trip and Jeff invited Carla to join him for a picnic lunch. Then Carla realized that all the invitations were for the same day and she would have to make a choice. Which step in decision-making is this? (NCCTE.9_12.SH.BF05.PF1.02) 

Identify the decision to be made

Mark's car refused to start. He checked an online repair manual, looked at his bank balance, and asked his uncle, who is a mechanic, if he could teach him how to make needed repairs. Which step in decision-making is this? (NCCTE.9_12.SH.BF05.PF1.02) 

Identify resources and gather information

At the end of her freshman year at State University, Vera thought about the decision she had made to go to a state-supported university and realized she had made a smart choice. Which step in decision-making is this? (NCCTE.9_12.SH.BF05.PF1.02) 

Evaluate the outcomes of the decision

After he made up his mind to quit his job, Mr. Johnson wrote his letter of resignation with no difficulty. Which step in decision-making is this? (NCCTE.9_12.SH.BF05.PF1.02)   

Put the decision into action

Sarah's concern over the rate of inflation caused her to set a goal to reduce the amount of money she spends on impulse purchases. Which type of factor MOST LIKELY influenced Sarah's decision? (NCCTE.9_12.SH.BF05.PF1.02) 

Economic

The Perkins have one family member who is employed, another who has just been laid off, and two children in college. They decided to plant a vegetable garden to save money on food. Which type of factor MOST LIKELY influenced the Perkins' decision? (NCCTE.9_12.SH.BF05.PF1.02) 

Family

Sabrina saw a scrapbooking kit on a TV shopping network and decided immediately to call in an order. Which type of factor MOST LIKELY influenced Sabrina's decision? (NCCTE.9_12.SH.BF05.PF1.02) 

Media

Since she did not approve of slaughtering animals for their fur, Hilton decided not to purchase a coat with a natural fur collar. Which type of factor MOST LIKELY influenced Hilton's decision? (NCCTE.9_12.SH.BF05.PF1.02) 

Moral

Since his Bar Mitvah, Ben wears a skull cap at both synagogue and high school. Which type of factor MOST LIKELY influenced Ben's decision? (NCCTE.9_12.SH.BF05.PF1.02) 

Cultural 

Mandy researched the male/female ratios to help her select between the three universities that sent acceptance letters. She decided on the one with the largest male-to-female ratio. Which type of factor MOST LIKELY influenced Mandy's decision? (NCCTE.9_12.SH.BF05.PF1.02) 

Demography

Cal decided to take community college classes the summer after he graduated because high unemployment made it difficult to find summer jobs. Which type of factor MOST LIKELY influenced Cal's decision? (NCCTE.9_12.SH.BF05.PF1.02) 

The workplace

Which is the BEST example of wants influencing financial decisions? The Barton family decided to spend their tax refund to: (NCCTE.9_12.SH.BF05.PF1.02) 

take a trip they had longed for.

Which is the BEST example of standards influencing financial decisions? The Darden family decided to spend their tax refund to: (NCCTE.9_12.SH.BF05.PF1.02) 

keep up with their neighbors by buying a new big-screen television.

Which is the BEST example of family needs influencing financial decisions? The Martin family decided to spend their emergency savings on: (NCCTE.9_12.SH.BF05.PF1.02) 

paying bills while Mr. Martin is laid off.

Which is the BEST example of a family value of helping others influencing financial decisions? The Sigmon family decided to spend their emergency savings on: (NCCTE.9_12.SH.BF05.PF1.02) 

a new stove for the soup kitchen where they volunteer.

Single mom Marjorie works full-time to take care of her two children and her aging grandmother. Which lifestyle conditions does this illustrate? (NCCTE.9_12.SH.BF05.PF2.01) 

Dependents, marital status, and employment status

After her divorce, Marissa earned her master's degree and was hired as an executive in a downtown business firm. Which lifestyle conditions does this illustrate? (NCCTE.9_12.SH.BF05.PF2.01) 

Marital status, education level, and employment status

Doris and Bill Alston met with their lawyer to review their last will to be sure their children would be well-provided-for. Which stage of the financial life cycle does this illustrate? (NCCTE.9_12.SH.BF05.PF2.01) 

Wealth distribution

Jenny Jones has reached the top of her career field and earns a six-figure salary. She has invested 20% of her income for the past fifteen years in order to build assets to pay college expenses for her two teen children. Which stage of the financial life cycle does this illustrate? (NCCTE.9_12.SH.BF05.PF2.01)   

Wealth accumulation

Mark Johnson began work as a bank manager with a good salary after graduation last year. His wife is a full-time university student working on a master's degree. Which stage of the financial life cycle does this illustrate? (NCCTE.9_12.SH.BF05.PF2.01) 

Basic wealth protection

Pat has decided to attend the local community college before transferring to the nearest state university to earn a degree in computer technology. Which stage of the financial life cycle does this illustrate? (NCCTE.9_12.SH.BF05.PF2.01)   

Before financial life cycle begins

Which is an example of a midlife adult in a launching family? (NCCTE.9_12.SH.BF05.PF2.01) 

Steve, age 45, married, two children in college

Which is an example of an adult in a mid-years family? (NCCTE.9_12.SH.BF05.PF2.01) 

Terry, age 58, lives with her 60-year-old husband, both plan to retire in five years

Which is a typical activity of older adults in an aging family? (NCCTE.9_12.SH.BF05.PF2.01) 

Because Alice and Ashley began to have more health problems after retirement, they increased their insurance coverage.

Which is a typical activity of working parents in a developing family? (NCCTE.9_12.SH.BF05.PF2.01) 

Carol and Chuck are putting money into a college fund for their children.

Which is a typical activity of midlife adults in a launching family? (NCCTE.9_12.SH.BF05.PF2.01) 

While their children are in college, Deb and Dean are revising their retirement plans.

Which is a typical activity of an adult in an parenting family? (NCCTE.9_12.SH.BF05.PF2.01) 

Which is an example of a typical need of a beginning family? (NCCTE.9_12.SH.BF05.PF2.01) 

Completing education needed to match career goals

Which is an example of a typical need of an expanding family? (NCCTE.9_12.SH.BF05.PF2.01) 

Purchasing supplies for a nursery for the new baby

Which is an example of a typical income for a teen in a parenting family? (NCCTE.9_12.SH.BF05.PF2.01) 

Minimum wage job

Which is an example of a typical income for an adult in a mid-years family? (NCCTE.9_12.SH.BF05.PF2.01) 

Large salary for a management position

Which is an example of a typical expense for an adult in a launching family? (NCCTE.9_12.SH.BF05.PF2.01)   

College tuition

Which is a variation of the typical family life cycle? (NCCTE.9_12.SH.BF05.PF2.01) 

A mother's two children are in middle school; the stepfather's two children are grown.

Which is a variation of the typical family life cycle? (NCCTE.9_12.SH.BF05.PF2.01) 

A couple have decided not to have children.

Theo did not feel comfortable telling the high-pressure time-share salesman "no," so he agreed to purchase the time-share condo at the beach even though he did not know how he would make the payments. Theo's behavior illustrates failure to: (NCCTE.9_12.SH.BF05.PF2.02) 

communicate.

After Frank inherited $100,000 from his rich uncle, he thought his financial difficulties had come to an end; but in six months, he had spent all of the inheritance and had very little to show for it. Frank's behavior illustrates failure to: (NCCTE.9_12.SH.BF05.PF2.02) 

plan.

protect.

After receiving a chain letter promising he would receive lots of cash in the mail, Ted thought how lucky he was and sent cash to five strangers. Ted's behavior illustrates failure to: (NCCTE.9_12.SH.BF05.PF2.02) 

be informed.

Lisa did not take time to discuss with her husband her planned purchase of new bedroom furniture. When the furniture was delivered, her husband was not pleased with her choice. Lisa's behavior illustrates failure to: (NCCTE.9_12.SH.BF05.PF2.02) 

communicate.

On the day of his Superbowl party, Dan went to the store four times to shop for snacks. Dan's behavior illustrates failure to: (NCCTE.9_12.SH.BF05.PF2.02) 

plan.

Beth quickly purchased a bottle of salad dressing for her mother that she thought would be suitable for her mother's salt-free diet. When she arrived at her mother's apartment, her mother pointed out the high percentage of salt as shown on the label. Beth's behavior illustrates failure to: (NCCTE.9_12.SH.BF05.PF2.02) 

be informed.

Which illustrates a typical line from an earn-money-at-home offer? (NCCTE.9_12.SH.BF05.PF2.02) 

"Purchase special software for only $500, start your own business, and earn quick profits."

Which illustrates a typical line from a lottery promotion? (NCCTE.9_12.SH.BF05.PF2.02) 

"Purchase your ticket now for a chance to win over $150,000."

Which illustrates a typical line from a sweepstakes letter? (NCCTE.9_12.SH.BF05.PF2.02) 

"You are the lucky winner. Pay only $50 handling fees and claim your cash prize up to $50,000."

Which illustrates concealing information? The man: (NCCTE.9_12.SH.BF05.PF2.02) 

in the booth at the mall refused to tell where his business was located

Which illustrates a vague offer expecting one to pay up front? The woman: (NCCTE.9_12.SH.BF05.PF2.02) 

promised the shopper she'd tell her how to get the piano at no cost if she'd purchase piano lessons.

Which illustrates reporting a fraudulent scam to a consumer government agency? (NCCTE.9_12.SH.BF05.PF2.02) 

Completing a complaint form and submitting it on the Federal Trade Commission website

Which illustrates seeking help from a local agency? (NCCTE.9_12.SH.BF05.PF2.02) 

Contacting the Better Business Bureau

Which illustrates using available media to communicate and protect others? (NCCTE.9_12.SH.BF05.PF2.02) 

Calling your daughter to warn about scam artists going door to door

Elmer decided to take a part-time job at the nursing home because it makes him feel good to help others. Which personal strategy for achieving goals is this? (NCCTE.9_12.SH.BF05.PF3.01) 

Identify types of work that make you feel you are making a difference

George decided to take a course in speed-reading so he could read work materials more quickly. Which education strategy for achieving goals is this? (NCCTE.9_12.SH.BF05.PF3.01) 

Invest in human capital to increase productivity

Jennifer chose to apply for admission to a school known for admitting students with GPAs similar to hers. Which education strategy for achieving goals is this? (NCCTE.9_12.SH.BF05.PF3.01) 

Consider your high school record and performance

After Lorie worked part-time in a shoe store in high school, she planned to go to college to become a teacher. Which strategy for achieving goals is this? (NCCTE.9_12.SH.BF05.PF3.01) 

Select jobs for short-time purposes, careers for longer

Karl went to work as a supermarket checker to help pay his tuition while he was in college. Which strategy for achieving goals is this? (NCCTE.9_12.SH.BF05.PF3.01) 

Use jobs to supplement income

After graduating with a degree in fashion marketing, Nell accepted a job as a department store salesperson hoping she could work her way up to assistant buyer. Which strategy for achieving goals is this? (NCCTE.9_12.SH.BF05.PF3.01) 

Use jobs to serve as stepping-stones to reach career goals

Joan's goal is to earn a few dollars to buy Christmas gifts for her co-workers. Which strategy should she use to accomplish this? (NCCTE.9_12.SH.BF05.PF3.01)   

Look for a part-time job to earn extra income

Mr. East's goal as a teacher is to supplement his income while his son is in college. Which strategy should he use to accomplish this? (NCCTE.9_12.SH.BF05.PF3.01) 

Look for a second job to bring in additional earnings

Darren's goals as a teacher assistant are to obtain more authority to plan instruction and earn a higher income. Which strategy should he use to accomplish these goals? (NCCTE.9_12.SH.BF05.PF3.01) 

Darren's goals as a teacher assistant are to obtain more authority to plan instruction and earn a higher income. Which strategy should he use to accomplish these goals? (NCCTE.9_12.SH.BF05.PF3.01) 

Henry works as a teacher Monday through Friday, then as a table server in a restaurant on weekends. Henry has: (NCCTE.9_12.SH.BF05.PF3.01) 

a full-time career and a part-time job.

Beverly is a social worker and earns a good salary with benefits. She has to get continuing education each year. She often has to take work home to keep up with her case load. Barbara has a: (NCCTE.9_12.SH.BF05.PF3.01) 

full-time career.

Which situation illustrates becoming involved in experiences where qualities for success are learned? (NCCTE.9_12.SH.BF05.PF3.01) 

Greg decided to join a student organization so he could develop teamwork skills.

Which situation illustrates investing in one's own human capital to increase earnings? (NCCTE.9_12.SH.BF05.PF3.01) 

Barry decided to go to college because he wanted to earn a mid- to high-range salary.

Barry decided to go to college because he wanted to earn a mid- to high-range salary.

Holly talked with people who had studied at the trade school before deciding to enroll.

Which situation illustrates thinking of a career as a lifetime investment? (NCCTE.9_12.SH.BF05.PF3.01)   

Everett decided he would enjoy starting his career in education as a teacher, but hoped one day to become a high school principal.

The average cost of homes in Asheville is $189,564. The average cost of homes in Lexington is $193,286. This information indicates that the cost of living (NCCTE.9_12.SH.BF05.PF3.02) 

in Lexington is probably higher than in Asheville.

How are abilities and career preparation related? Abilities: (NCCTE.9_12.SH.BF05.PF3.02) 

provide guidance to the best career options available.

How are educational requirements and career options related? Educational requirements: (NCCTE.9_12.SH.BF05.PF3.02) 

provide criteria that guide career pathways.

Which type of information found in The Occupational Outlook Handbook can be accessed through the internet? (NCCTE.9_12.SH.BF05.PF3.02) 

Potential earnings for a career

A career as a secretary is expected to decline with less jobs being available. This is an example of: (NCCTE.9_12.SH.BF05.PF3.02) 

occupational outlook.

A career as a professional athlete involves travel during most of each playing season. This is an example of: (NCCTE.9_12.SH.BF05.PF3.02) 

working conditions.

Careers in biotechnology are expected to increase over the next decade. This is an example of: (NCCTE.9_12.SH.BF05.PF3.02) 

occupational outlook.

Individuals who have gained more educational training are MORE LIKELY to have: (NCCTE.9_12.SH.BF05.PF3.02) 

higher estimated lifetime earnings.

The salary range for a specific career is $25,000-$45,000 per year. A salary of $35,000 salary represents the: (NCCTE.9_12.SH.BF05.PF3.02) 

the midpoint, or middle salary, in the median range of salaries.

The salary range for a specific career is $20,000-$70,000 per year. The $20,000 salary represents the: (NCCTE.9_12.SH.BF05.PF3.02) 

lowest salary for a specific career per year.

Tom was offered $50,000 for his first job as an accountant after graduating from college. This salary represents the: (NCCTE.9_12.SH.BF05.PF3.02) 

base salary for this career position.

A community with a cost of living index of 110.0 has a(n): (NCCTE.9_12.SH.BF05.PF3.02)   

above average cost of living.

Which characteristic of a job offer illustrates opportunity for job or career advancement? (NCCTE.9_12.SH.BF05.PF3.02) 

Guaranteed pay raises with years of service

Stock options, company car, relocation expenses, and tuition reimbursement are all examples of: (NCCTE.9_12.SH.BF05.PF3.02) 

additional perks of the job.

Choosing a work community that has good health care services, schools, and child care are all examples of: (NCCTE.9_12.SH.BF05.PF3.02) 

location and environment.

Students should become familiar with as many careers as possible in order to: (NCCTE.9_12.SH.BF05.PF3.02) 

learn which careers match personal interests.

The Klines made sure the refrigerator and dishwasher were working before they signed a lease to rent. Which part of the rental property is being inspected? (NCCTE.9_12.SH.BF05.PF6.03) 

Inside the unit

The Abbots checked to be sure the apartment house laundry room was clean and functioning well before they signed a lease to rent. Which part of the rental property is being inspected? (NCCTE.9_12.SH.BF05.PF6.03) 

Common areas

The Elams are considering buying or renting a home for their growing family. Which would be an advantage of buying? (NCCTE.9_12.SH.BF05.PF6.03) 

Buying is an investment and increases wealth

Lisa and Luke are preparing to move to a new city where Luke will begin a new job. Until Lisa can find employment, they need to watch their budget carefully. Which housing want or need should they consider when selecting housing? (NCCTE.9_12.SH.BF05.PF6.03) 

Cost of rent and utilities

John is very busy with his career. He is looking for housing intended for singles, with no outside maintenance and a place to entertain. Which type of housing would BEST match his housing wants and needs? (NCCTE.9_12.SH.BF05.PF6.03) 

Apartment with a clubhouse and pool

Jane's landlord signed an agreement to allow her to sublet her apartment if needed. What type of document is this? (NCCTE.9_12.SH.BF05.PF6.03) 

Lease waiver

The Mabreys decided the price, characteristics, age, and size of home they are looking for. Which step in purchasing a home is this? (NCCTE.9_12.SH.BF05.PF6.03) 

Find an appropriate home to meet your needs

The Fultons sold the home in which they were currently living while the owner completed repairs to the home they would purchase. Which step in purchasing a home is this? (NCCTE.9_12.SH.BF05.PF6.03) 

Meet contingencies

The Tatums, a low-income family, obtained a loan from Federal Housing to build their new home. Which type of mortgage or special loan is this? (NCCTE.9_12.SH.BF05.PF6.03) 

FHA loan

The Foremans are debating whether to rent or buy a home. Mr. Foreman is disabled and Mrs. Foreman is retired. Which would be an ADVANTAGE of renting? (NCCTE.9_12.SH.BF05.PF6.03) 

Fewer home and lawn responsibilities

Fewer home and lawn responsibilities

Complications of joint buying

Comprehensive physical damage

Kara is comparing the estimated value of the make, model, and year for three different used cars. Which type of pricing is this? (NCCTE.9_12.SH.BF05.PF6.02) 

Book value

When researching makes and models of cars, Lucas asked about the car's acceleration for speed on the highway and going up steep hills. Which factor to consider when buying vehicles is this? (NCCTE.9_12.SH.BF05.PF6.02) 

Power and performance

Ben purchased a luxury sports car at an auto superstore. Which is MOST LIKELY true of Ben's new car? (NCCTE.9_12.SH.BF05.PF6.02) 

Will have a warranty

Allison purchased a used car "as is" at an auction. What is MOST LIKELY true of Allison's new car? (NCCTE.9_12.SH.BF05.PF6.02) 

Will not have a warranty

An advantage of buying a used car instead of a new one is that used cars: (NCCTE.9_12.SH.BF05.PF6.02) 

can be insured at lower costs.

Martin is comparing the book value of several used cars. Which step in meeting transportation needs is this? (NCCTE.9_12.SH.BF05.PF6.02) 

Do the research

Oliver is checking locations of bus stops and possible carpools from the dorm to his internship site. Which step in meeting transportation needs is this? (NCCTE.9_12.SH.BF05.PF6.02)   

List transportation options

A disadvantage of what mode of transportation is the higher rate of accidents than other modes? (NCCTE.9_12.SH.BF05.PF6.02) 

Motorcycles

An ADVANTAGE of what type of vehicle is that it conserves energy more than other types? (NCCTE.9_12.SH.BF05.PF6.02) 

Motorcycles

An ADVANTAGE of buying a new car instead of a used one is that a new car: (NCCTE.9_12.SH.BF05.PF6.02) 

offers more choices of features.

Lawrence decided not to drive all over town looking at different computers, but to visit one large online computer dealer and take the time to make a good choice. Which effective shopping practice is this? (NCCTE.9_12.SH.BF05.PF6.01) 

Comparison shop products

Dee made sure she had the name and physical location of the person from whom she was buying merchandise online. Which effective shopping practice is this? (NCCTE.9_12.SH.BF05.PF6.01) 

Shop wisely at home

Mamie called and spoke with several caterers before she selected one. Which effective shopping practice is this? (NCCTE.9_12.SH.BF05.PF6.01) 

Comparison shop services

Travis decided to wait for tents to go on sale to purchase his. Which effective shopping practice is his decision to wait? (NCCTE.9_12.SH.BF05.PF6.01) 

Plan before you shop

Paul signed an agreement to give the mechanic authority to repair his motorcycle. This is an example of which type of service work agreement? (NCCTE.9_12.SH.BF05.PF6.01) 

Work order

Kitty managed to find five minutes over the weekend to order by phone some work supplies she needed. Which pro or con of shopping at home does this illustrate? (NCCTE.9_12.SH.BF05.PF6.01) 

Pro---can buy any time seven days a week

When Jeremy shopped for a new television, he had to wait thirty minutes for help from a sales associate, and they were interrupted many times before the purchase was complete. Which pro or con of shopping in stores does this illustrate? (NCCTE.9_12.SH.BF05.PF6.01) 

Con--- takes time to buy costly items

Agreeing to purchase a set of encyclopedias from someone who comes to your home to show them is an example of which type of home shopping? (NCCTE.9_12.SH.BF05.PF6.01)

Door-to-door shopping

The Home Shopping Network is an example of which type of home shopping? (NCCTE.9_12.SH.BF05.PF6.01) 

T-commerce

Several cases of apples are needed for the lunch line in the cafeteria. What type of store is MOST LIKELY the best place to shop? (NCCTE.9_12.SH.BF05.PF6.01)   

Warehouse superstore

Josh and Amber are looking for a slightly used desk. What type of store is MOST LIKELY the best place to shop? (NCCTE.9_12.SH.BF05.PF6.01) 

Consignment or thrift store

Which labeling clearly indicates the hygiene product has demonstrated proof of its claims? (NCCTE.9_12.SH.BF05.PF5.02) 

"With active ingredients to control bad breath"

Which labeling clearly indicates the hygiene product is a drug and must meet FDA requirements? (NCCTE.9_12.SH.BF05.PF5.02) 

"Invisible fresh-scent solid/active ingredient: antiperspirant'"

Marion searches for easy-care blouses to wear to the office. Which is the best choice for Marion? (NCCTE.9_12.SH.BF05.PF5.02) 

60% polyester/40% cotton blouses, machine wash warm, tumble dry, remove promptly

Janie wants a dress that she will not need to iron. Which is the best choice for Janie? (NCCTE.9_12.SH.BF05.PF5.02) 

Button-front polyester/cotton dress with permanent press finish

Nathan plans to buy five pairs of pants, one for each day of the week. Which is the best choice for Nathan? (NCCTE.9_12.SH.BF05.PF5.02) 

Machine washable pants with permanent press finish on sale for $35

Which food product is a wise purchase on May 1 of the current year? (NCCTE.9_12.SH.BF05.PF5.02) 

A can of whole kernel corn with a pack date of April 15, same year

Jan compares a 10-ounce jar of pickles that sells for $1.49 with a 26-ounce can that sells for $2.99. Which has the lower unit price? (NCCTE.9_12.SH.BF05.PF5.02) 

26-ounce can

James compares two ten-ounce cans of chicken noodle soup to see which has more chicken. Can A lists ingredients as: chicken stock, enriched egg noodles, cooked chicken meat, water and salt. Can B lists ingredients as: chicken stock, enriched egg noodles, water, cooked chicken meat, and salt. Which product is the better choice to get more chicken? (NCCTE.9_12.SH.BF05.PF5.02)   

Can A

Name brand

Either is a good choice.

Joe's mom has a severe headache. Joe found several products in her medicine cabinet labeled as headache relievers. Which is the BEST choice? (NCCTE.9_12.SH.BF05.PF5.02) 

Bottle with his mom's name, expiration date not passed, "one every 6 hours for headaches"

Tara was disappointed when she discovered that the computer software package she bought did not keep track of credit card purchases. The MOST LIKELY cause of her dissatisfaction was her failure to: (NCCTE.9_12.SH.BF05.PF5.01) 

do product research.

What do state and federal consumer agencies have in common? (NCCTE.9_12.SH.BF05.PF5.01) 

Both are government agencies.

What do the FDA and the USDA have in common? (NCCTE.9_12.SH.BF05.PF5.01) 

Both regulate food products.

Which describes one way to make a direct complaint? (NCCTE.9_12.SH.BF05.PF5.01) 

State the problem clearly and concisely to an appropriate person

A popular exercise machine was recalled after several consumers experienced injuries while using the equipment. Which federal agency recalled the product? (NCCTE.9_12.SH.BF05.PF5.01) 

Consumer Product Safety Commission (CPSC)

When a remote control boat was placed in the lake, water seeped through the seams and the boat sank. The boat was returned for a refund. This is an example of the consumer responsibility to: (NCCTE.9_12.SH.BF05.PF5.01) 

speak up about legitimate dissatisfactions.

Tonya and David decided to take advantage of government incentives and purchase new appliances. They researched several energy-efficient appliances and narrowed their selections. Tonya and David exercised their consumer responsibility to: (NCCTE.9_12.SH.BF05.PF5.01) 

find and use information.

Edward owns a digital camera manufactured by the Clear Pictures Company. Before buying a zoom lens, he read consumer magazines and the manufacturer's website. Edward exercised his consumer right to: (NCCTE.9_12.SH.BF05.PF5.01) 

be informed.

Janet signed up to take a class on being a good consumer at her local credit union. Janet is exercising her consumer responsibility to: (NCCTE.9_12.SH.BF05.PF5.01) 

learn.

Sarah purchased a new hair dryer and decided to use it while bathing. Sarah ignored the consumer responsibility to: (NCCTE.9_12.SH.BF05.PF5.01) 

use products safely.

Which is an example of the consumer responsibility to promote a caring relationship with the world? (NCCTE.9_12.SH.BF05.PF5.01) 

Sending empty ink cartridges back to the company for recycling

Which is an example of how to make a direct complaint? (NCCTE.9_12.SH.BF05.PF5.01) 

Writing a letter to a district service manager to describe a defective product

Noland included in his resume his educational background, skills learned from paid work experience, and contact information. He also needs to include: (NCCTE.9_12.SH.BF05.PF3.03) 

skills learned from unpaid volunteer experience related to position applied for.

Jane arrived fifteen minutes early for her interview at the hospital and entered the waiting room. What should Jane do? (NCCTE.9_12.SH.BF05.PF3.03) 

Introduce herself to the receptionist

Rose finds a question on an application form that asks her reason for leaving her prior job. She left because she was fired. What should Rose do? (NCCTE.9_12.SH.BF05.PF3.03) 

Write "involuntary separation"

Dan wants to follow up after a very good interview and share his positive feelings about the work opportunity. What should he do? (NCCTE.9_12.SH.BF05.PF3.03)Write a thank you letter

Write a thank you letter

Mark wants to thank his interviewer and make the best impression possible after his interview. What should he do? (NCCTE.9_12.SH.BF05.PF3.03) 

Send a formal thank you letter within 24 hours

Don has just finished an interview with the personnel department at a local office. What should he do? (NCCTE.9_12.SH.BF05.PF3.03) 

Write a thank you letter

Patty and her interviewer greeted one another pleasantly and the interviewer motioned her to sit down. How should she respond? (NCCTE.9_12.SH.BF05.PF3.03)   

Sit straight with ankles crossed and pen and paper easy to access if needed

Beth is uncertain how to answer the question about why she feels she should be accepted for a culinary apprenticeship. How should she respond? (NCCTE.9_12.SH.BF05.PF3.03) 

Take a few seconds to form an answer before speaking

Adam arrived 15 minutes earlier for his interview. After introducing himself to the receptionist, what should Adam do? (NCCTE.9_12.SH.BF05.PF3.03) 

Practice answers to potential questions in his mind

Nick is wearing a professional suit, tie, and shoes to make a good first impression for his job interview. He wants to wear a new fragrance he just purchased. What should Nick do? (NCCTE.9_12.SH.BF05.PF3.03) 

Avoid wearing any fragrance at all

Erin has an interview for a position at an investment firm. What should Erin wear? (NCCTE.9_12.SH.BF05.PF3.03) 

Conservative shoes and jewelry

Patsy has an interview for a receptionist's position. What should Patsy wear? (NCCTE.9_12.SH.BF05.PF3.03) 

One set of small earrings, a watch, and a simple necklace

Charcoal pantsuit, white blouse, dress pumps

Navy blue suit, white shirt, conservative tie

Alice finished her cover letter. What should she do next? (NCCTE.9_12.SH.BF05.PF3.03) 

Send to the interviewer by postal mail or electronic attachment to an email

Fred is ready to write a cover letter. His cover letter should emphasize: (NCCTE.9_12.SH.BF05.PF3.03) 

his personal interest in obtaining the job.

Rose is getting ready to fill out a job application form. What does she need in order to start? (NCCTE.9_12.SH.BF05.PF3.03)

information on past employment

Mattie is ready to begin filling out a job application form. What should Mattie do first? (NCCTE.9_12.SH.BF05.PF3.03) 

Read the entire form carefully

Which set of words illustrates action verbs recommended for use in resumes? (NCCTE.9_12.SH.BF05.PF3.03) 

worked, influenced, developed, solved, produced, created, integrated

Molly included in her resume, her work experiences, honors and awards, and special skills. She also needs to include: (NCCTE.9_12.SH.BF05.PF3.03) 

a statement "References furnished upon request"

Which illustrates a recommended strategy for a junior in high school to locate job openings? (NCCTE.9_12.SH.BF05.PF3.03) 

Check for job postings on the guidance office bulletin board

Wanda wrote a check with an incorrect amount. What should she do? (NCCTE.9_12.SH.BF05.PF4.02) 

Tear up the check and write "VOID" beside that check number in the register

Sherry just received her bank statement in the mail. What should she do? (NCCTE.9_12.SH.BF05.PF4.02) 

Balance her checkbook

Jennifer does not have a checking account and needs to send $75 to her sister in another town. What should she do? (NCCTE.9_12.SH.BF05.PF4.02) 

Obtain a money order for $75 and mail to her sister

Greg wants to be sure to protect his PIN number from being stolen. What should he do? (NCCTE.9_12.SH.BF05.PF4.02) 

Be observant when using an ATM

Dwayne used his debit card to pay for his groceries at the self-checkout station. Which E-banking service is this? (NCCTE.9_12.SH.BF05.PF4.02) 

Point-of-sale transfer

An advantage of traditional banking over E-banking is that: (NCCTE.9_12.SH.BF05.PF4.02) 

a personal check can only be used by the person named in the account.

Darryl needs help with managing his inheritance. What type of financial service would meet this need? (NCCTE.9_12.SH.BF05.PF4.02) 

Financial counseling

Blake invested $200 in the federal government. What type of investment is this? (NCCTE.9_12.SH.BF05.PF4.02) 

Bond

Sharon set up an account at a credit union because she could earn a higher rate of interest on money deposited there than at the local bank. What type of account is this? (NCCTE.9_12.SH.BF05.PF4.02) 

Share account

How do commercial banks and savings and loan associations compare? (NCCTE.9_12.SH.BF05.PF4.02) 

Both may be chartered by state or federal government

What do commercial banks and brokerage firms have in common? (NCCTE.9_12.SH.BF05.PF4.02) 

Both offer help with investments

Warren does not have a personal checking account and does not like to carry cash when he shops. What should he do? (NCCTE.9_12.SH.BF05.PF4.02) 

Use a credit card when he shops

Both offer mortages

What do savings and loans associations and credit unions have in common? (NCCTE.9_12.SH.BF05.PF4.02) 

Both offer checking and savings accounts

Jerry is concerned about the safety of his money in a local commercial bank.  What insurance program protects his money? (NCCTE.9_12.SH.BF05.PF4.02) 

FDIC

Marti opened a savings account at a credit union.  What type of account is this? (NCCTE.9_12.SH.BF05.PF4.02) 

Share

Roberto purchased shares of ownership in a local commercial bank.  What type of investment is this? (NCCTE.9_12.SH.BF05.PF4.02) 

Stock

Junior was advised to store this deed of trust in a secure place.  Which is the BEST location to store important items? (NCCTE.9_12.SH.BF05.PF4.02) 

Safe deposit box

An advantage of E-banking over traditional banking is that E-banking: (NCCTE.9_12.SH.BF05.PF4.02) 

allows for world wide access.

Curt has his paycheck sent directly to his checking account each pay period.  Which E-banking service is this? (NCCTE.9_12.SH.BF05.PF4.02) 

Direct deposit

Jamie slid her bank provided card and entered a PIN to withdrawal $20 cash from her checking account.  Which E-banking service is this? (NCCTE.9_12.SH.BF05.PF4.02)

Automated Teller Machine (ATM)

George loaded $200 on a plastic card for his daughter to purchase clothes at the mall.  Which E-banking service is this? (NCCTE.9_12.SH.BF05.PF4.02) 

Smart card

Ted has a checking account at a local bank, but needs a guaranteed check to purchase an automobile for sale in his neighborhood.  Which is the BEST method of payment? (NCCTE.9_12.SH.BF05.PF4.02) 

Cashier's check

Justin doesn't have a bank account and needs to mail a payment to a person out of state.  Which is the BEST method of payment? (NCCTE.9_12.SH.BF05.PF4.02) 

Money order

Jacob needs a personal check guaranteed by the bank for the purchase of a used car.  Which is the BEST method of payment? (NCCTE.9_12.SH.BF05.PF4.02) 

Certified check

Penny wants to cash a check from her friend.  What should she do? (NCCTE.9_12.SH.BF05.PF4.02) 

Endorse the back of the check

Ralph wants to protect his debit card from fraud.  What should he do? (NCCTE.9_12.SH.BF05.PF4.02) 

Write "See ID" on the back of the card

Larry enclosed with his income tax returns a form showing all income he earned from his job during that tax year. Which form is this? (NCCTE.9_12.SH.BF05.PF4.01)   

W-2 form

Maria received a form in the mail showing the interest she has earned on her bank accounts. Which form is this? (NCCTE.9_12.SH.BF05.PF4.01) 

1099- INT

Tim had $52.37 of federal income taxes taken out of his paycheck. What type of tax is this? (NCCTE.9_12.SH.BF05.PF4.01) 

progressive

The employment agency asked Nick to complete an Employment Eligibility Verification form to show that he was able to work in the United States. What type of form is this? (NCCTE.9_12.SH.BF05.PF4.01) 

I-9

Dennie and Marie submit their federal income taxes each year using the most common U.S. tax return. What type of form is this? (NCCTE.9_12.SH.BF05.PF4.01) 

Form 1040

Danny's new employer instructed him to come by the office and complete an Employee's Withholding Allowance Certificate. What type of form is this? (NCCTE.9_12.SH.BF05.PF4.01) 

W-4

Janet's accountant asked her to provide a copy of her Wage and Tax Statement as soon as she receives it from her employer. What type of form is this? (NCCTE.9_12.SH.BF05.PF4.01) 

W-2

Sam was told that he will receive his pay by direct deposit. What benefit can Sam expect with this way of being paid? (NCCTE.9_12.SH.BF05.PF4.01) 

Greater security/less likelihood of loss

Sabrina was told that she would receive her pay by payroll card. What benefit can Sabrina expect with this way of being paid? (NCCTE.9_12.SH.BF05.PF4.01) 

24-hour access to funds

Jerry had $100 insurance and medical deductions withheld from his pay each month. After also deducting $125 in taxes, Jerry's take-home pay was $475. The $475 amount is Jerry's: (NCCTE.9_12.SH.BF05.PF4.01) 

net pay.

Ben receives a prepaid card for his salary and uses the card to get cash at an ATM machine. What form of payment for work is this? (NCCTE.9_12.SH.BF05.PF4.01)   

Payroll card

Ben's receives his wages every week in a paper document showing pay deductions on the stub. What form of payment for work is this? (NCCTE.9_12.SH.BF05.PF4.01) 

Sharon's salary is deposited each month on the twenty-eighth by her employer into her bank account. What form of payment for work is this? (NCCTE.9_12.SH.BF05.PF4.01) 

Direct deposit

While in college, Don was paid minimum wage by the hour for part-time work. After graduating, he earned a set amount per month. What forms of monetary compensation are these? (NCCTE.9_12.SH.BF05.PF4.01) 

Wages during college, salary after

Elaine earned $200 this week from her base pay at Steak & Lobster plus an additional $150 from tips. What forms of monetary compensation are these? (NCCTE.9_12.SH.BF05.PF4.01)   

Wages plus gratuities

When company profits were good, Earl and other section managers received an extra $1,000 as a thank-you for good management practices. What form of monetary compensation is this? (NCCTE.9_12.SH.BF05.PF4.01) 

Bonus

Sean earns 10% of the selling price of each pair of shoes he sells. What form of monetary compensation is this? (NCCTE.9_12.SH.BF05.PF4.01) 

Commission

Will's insurance policy will pay his expenses for hospitalization, surgeries, and doctors' care. Which type of health insurance coverage is this? (NCCTE.9_12.SH.BF05.PF7.01) 

Basic medical benefits

Jim has term life insurance that is soon to expire; however, the policy allows him to continue the policy without getting a physical exam. Which type of insurance is this? (NCCTE.9_12.SH.BF05.PF7.01) 

Renewable

Barry has been out of work for months because he has crippling arthritis. He receives monthly income from his insurance policy. Which type of insurance is this? (NCCTE.9_12.SH.BF05.PF7.01) 

Disability

Mark has term life insurance that is about to expire; his policy allows him to modify the policy to make it permanent without taking a physical exam. Which type of insurance is this? (NCCTE.9_12.SH.BF05.PF7.01) 

Convertible

Juan is willing to pay the premiums to have life insurance during his entire lifetime. Which type of insurance is this? (NCCTE.9_12.SH.BF05.PF7.01) 

Permanent

Trish plans to pay life insurance premiums for only a few years but have coverage for her full life. Which type of insurance is this? (NCCTE.9_12.SH.BF05.PF7.01) 

Limited-payment life

Tim has life insurance that allows him to change the amount he pays and the amount of the death benefit. Which type of insurance is this? (NCCTE.9_12.SH.BF05.PF7.01) 

Universal life

Nate has insurance that covered part of the costs of his stay in a rehabilitation center. Which type of insurance is this? (NCCTE.9_12.SH.BF05.PF7.01) 

Long-term care

Leon bought life insurance that allows him to borrow against it when he needs money for emergency expenses that. Which type of insurance is this? (NCCTE.9_12.SH.BF05.PF7.01) 

Whole-life

Pat has insurance that covers most of the costs of his cancer treatments over a period of several months. Which type of insurance is this? (NCCTE.9_12.SH.BF05.PF7.01)   

Major medical

When Ben selects health insurance for his employees, he wants the policy to include a feature that the policyholder and insurer will each pay a portion of the cost of the medical bills.  Which insurance policy feature is this? (NCCTE.9_12.SH.BF05.PF7.01) 

Deductible

Janet can choose her doctors, pay for the services during her visit and then file insurance for reimbursement. Which insurance plan is this? (NCCTE.9_12.SH.BF05.PF7.01)   

Fee-for-service plan

Since Janet was being treated for diabetes when she purchased health insurance, her health plan will not pay for her diabetes treatments. Which insurance policy feature is this? (NCCTE.9_12.SH.BF05.PF7.01) 

Pre-existing condition

Max received an annual statement that says the whole life policy he owned for ten years is now worth $1000. Which insurance policy feature is this? (NCCTE.9_12.SH.BF05.PF7.01) 

Cash value

Which purchase is most suitable for installment credit? (NCCTE.9_12.SH.BF05.PF7.02)   

Refrigerator

Credit applications usually request income information as evidence of a borrower's: (NCCTE.9_12.SH.BF05.PF7.02) 

capacity.

Which is an example of a prime or preferred lender? (NCCTE.9_12.SH.BF05.PF7.02) 

Judy obtained a personal loan from the credit union.

Which is an example of a sub-prime or non-preferred lender? (NCCTE.9_12.SH.BF05.PF7.02) 

Carla went to a pawnbroker to get money in exchange for her mother's pearl ring.

Jose is nineteen and is trying to establish credit. What should he do? (NCCTE.9_12.SH.BF05.PF7.02) 

Get a secured credit card from a financial institution

Beth signed a loan agreement and then learned that the lender was a non-preferred lender. She wants to end the agreement. What should she do? (NCCTE.9_12.SH.BF05.PF7.02) 

Check to see if she has the right to rescission of this agreement within three days

As Larry walked across airport terminal, he was stopped by a representative of a credit card company recruiting people to become cardholders in exchange for the free gift of two large soft drinks. What should he do? (NCCTE.9_12.SH.BF05.PF7.02) 

Avoid accepting the offer without thoroughly checking terms, including fine print

Which is a sign of debt problems? (NCCTE.9_12.SH.BF05.PF7.02) 

Mr. Jenkins is short-tempered because he's concerned about how he will pay the bills.

Which is a strategy for getting out of debt? (NCCTE.9_12.SH.BF05.PF7.02) 

Margie made a list of all her living expenses and amounts to repay debts each month.

Matthew was deeply in debt and decided to file Chapter 7 bankruptcy. What can be concluded about Matthew? (NCCTE.9_12.SH.BF05.PF7.02) 

He had to sell some of his personal belongings.

An ADVANTAGE of using credit is the: (NCCTE.9_12.SH.BF05.PF7.02) 

use of goods and services while making payments.

Which is MOST suitable use of revolving credit? (NCCTE.9_12.SH.BF05.PF7.02) 

Shopping for clothes in a retail department store

Shopping for clothes in a retail department store

the payment of interest on the amount borrowed.

Creditors typically check a borrower's credit report as evidence of a borrower's: (NCCTE.9_12.SH.BF05.PF7.02) 

A computer hacker transferred money from Shirley's bank account to the hacker's account. What financial transaction method was MOST LIKELY used? (NCCTE.9_12.SH.BF05.PF7.03) 

Electronic funds transfer

Candace clicked the "buy now" button on the website. The address changed to https://. What could she conclude? (NCCTE.9_12.SH.BF05.PF7.03)   

The website uses secure measures for purchases.

When Ted returned to the bookstore's website, it offered three books the store thought he would like.  He can conclude that the store is: (NCCTE.9_12.SH.BF05.PF7.03) 

marketing goods and services based on preferences.

marketing goods and services based on preferences.

Where you bank

Which is an example of ways thieves steal credit card numbers? (NCCTE.9_12.SH.BF05.PF7.03) 

Use technology to capture credit card number from magnetic strip

Myron always leaves if he notices someone standing too close as he is making a financial transaction. What form of identity theft is he seeking to avoid? (NCCTE.9_12.SH.BF05.PF7.03) 

Their looking at the ID numbers at the ATM or checkout counter

Rosie warned her mother not to respond to emails requesting she provide her bank account password. What form of identity theft is she seeking to avoid? (NCCTE.9_12.SH.BF05.PF7.03)   

Posing as representatives of banks

Evan warned his father not to leave his bank statements in the mailbox. What form of identity theft is he seeking to avoid? (NCCTE.9_12.SH.BF05.PF7.03) 

Stealing mail

Identity thieves MOST LIKELY would use fraudulently obtained bank account information to: (NCCTE.9_12.SH.BF05.PF7.03) 

write checks on the account.

Kelsi's purse and credit card were stolen. What should she do? (NCCTE.9_12.SH.BF05.PF7.03)