Assignment
Part I - Multiple Choice
Circle the letter that corresponds to the correct answer. Read all options before making a selection.
Each correct response is worth 2 points.
1. Love, Power, wealth and honesty are all examples of ________________________.
A. Short-term goals
B. personal values
C. long-term goals
D. life circumstances
2. Mira tells her friends her goals. She says:
"I think I will probably end up being a teacher because I love watching children learn things. I laugh every time I explain something to my little brother and he get that ‘Oh, I get it!' look on his face."
Which value does Mira's goal reflect?"
A. Independence
B. Helping others
C. Recognition
D. Time alone
3. Which goal reflects the value of independence?
A. Because I want to become more athletic, I will join the track team and attend every practice this term.
B. Because I want to be healthier, I will buy only food with all- natural ingredients for the next two weeks.
C. Because I want to know more about music, I will listen to one song a day in a new genre for the next three weeks.
D. Because I want to learn to cook myself, I will cook three different meals a week for the next month.
4. Jay was offered two part-time jobs for his spare time while attending college. Both pay the same amount of money and the same distance from home, but they are in different career fields.
What should guide Jay's decision about which job to take?
A. family tradition
B. societal expectations
C. emotional reactions
D. personal values
5. Which professional demonstrates self-efficacy at work?
A. Terrance believes he is an ethical person and treats others as if they are too.
B. Anne believes she is a good writer and then she does well during a written employee assessment.
C. Mark believes he acts inappropriately when he drinks, so he avoids alcohol at social events.
D. Jennifer believes her colleagues judge her harshly, so she avoids asking questions.
6. Which employee has an internal locus of control?
A. Adam thinks, "One day my boss will notice my great work."
B. Edward thinks, "I think I've planned my speech well for this performance review."
C. Milagros thinks, "I really messed up. I can't believe I was trained so poorly."
D. Nena thinks, "The directions for this project are terrible. It set up our team to fail."
7. Mrs. Lieberman must learn a new piece of software to record her students' grades. She knows she will learn it best if she takes notes as she practices. What type of learner is Mrs. Lieberman?
A. social B. tactile C. auditory D. visual
8. There are two categories of rewards that motivate individuals to achieve their goals. If Joe's boss gives him a bonus for reducing expenses in the organization, that reward is a (an)
A. intrinsic reward.
B. merit reward.
C. extrinsic reward.
D. symbolic reward.
9. Which question is the most helpful when setting a long-term financial goal?
A. How many years do I want to work before I retire?
B. How much did I spend last month on clothes?
C. How much is tuition for the summer term?
D. When should I upgrade my cell phone?
10. Which of the following statements best describes your credit score?
A. Your credit score is a prediction of your ability to pay back a loan or debt.
B. Lenders are legally required to give you the same interest rate as anyone else your age, regardless of the credit score.
C. Your credit score has no impact on your ability to get a job where you handle money.
D. Landlords do not care about your credit report as long as you sign the lease.
11. Which type of financial aid includes all of these characteristics?
1) usually merit based
2) comes from private sources
3) does not require repayment
A. grants
B. loans
C. scholarships
D. work study
12. In the United States, one way to make a good professional impression is
A. to shake the tip end of a person's fingers.
B. to show power by giving an extreme an extremely firm hand shake.
C. to shake hands in such a way that palms meet, give a firm hand shake, provide eye contact and a smile.
D. to refuse to shake hands.
13. Which person is dressed in business casual attire?
A. Jennifer - sleeveless top, mini skirt and sandals
B. James - long sleeve polo shirt, dark slacks, black leather shoes
C. Melody - slacks, sleeveless top with jacket, dark mid-heel shoes
D. Janice - short-sleeve blouse, skirt with hemline at the knee, wig with red and green highlights, high top tennis shoes.
14. Whether dining with a recruiter, corporate executive or with friends, the first thing one must do before touching any drink or food item on the table is
A. to place napkin on the lap.
B. to have the server to remove all utensils that will not be used.
C. Both A and B
D. Neither A nor B
15. Ethan works in an office. He has finished his assignments for the day, but is scheduled to work for another hour. What is the appropriate thing for Ethan to do?
A. Take some initiative and ask for more work.
B. Go home early.
C. Sit quietly for an hour and wait for the next assignment.
D. Work on personal tasks.
16. John is starting a new job. He is planning to make a good impression on his employers by following workplace etiquette. Which behavior should John be sure to remember?
A. He should accept personal phone calls in the office quietly.
B. He should arrive at the office early to prepare for his day efficiently.
C. He should only send personal emails on a company account on his lunch break.
D. He should only share gossip about other employees on his lunch break.
17. When is the appropriate time to arrive for a business meeting?
A. 30 minutes early
B. as the organizer begins the meeting
C. shortly after the meeting begins
D. five to ten minutes early
18. When thinking of first impressions, what is the first thing that people notice about you?
A. verbal introduction
B. handshake
C. visual appearance
D. initial conversation
19. Shana is having a project meeting in her office. Shana sits behind the desk with her hands clasped tightly. She speaks in a soft, low voice while looking at the floor.
What impression will the attendees in the meeting have of Shana?
A. She appears insecure.
B. She appears humble.
C. She appears indifferent.
D. She appears focused.
20. Alex is at an evening work party. He has several alcoholic beverages prior to dancing with two women from the technical department. Later, he tells his boss an appropriate, but not-funny joke. Toward the end of the evening, he tells the men at his table the details of his chronic health problem. Alex spends the night in a nearby hotel so he does not have to drive home drunk.
What part of the evening could negatively impact Alex's work life?
A. Telling his boss a boring joke.
B. Spending the night in a hotel room.
C. Dancing with two women from another department.
D. Sharing details of his poor health.
21. Jackie is a freshman in college. She works and studies a lot. Jackie is also pledging a sorority and is required to attend sorority service and fellowship activities. Jackie feels that the most stressful part of college is pressure to drink at off-campus parties. What strategy can Jackie use to lower her stress levels related to thisproblem?
A. Plan to get at least seven hours of sleep after the next party.
B. Plan whether and to what extent she will drink before attending a party.
C. Plan to use over the counter health aids and exercise after the next party.
D. Drop out of the sorority so she can avoid future parties.
22. Alexa is feeling stressed because she feels her time is stretched too thinly between work, school, and family commitments. To cope, she spends her time avoiding academic tasks and family obligations by hanging out with her friends or being on Facebook. Which type of reaction does Alexa have to stress?
A. Behavioral B. Physical C. Emotional D. Mental
23. Which side effect is not the result of stress?
A. Change in sleep patterns
B. Improved concentration
C. Nausea
D. Frustration
24. Charlotte sent a friend this text "I'm so stressed out I think I'll explode. Help!" Charlotte waits and waits for a response from her friend. When her friend doesn't textback, she constantly wonders why. Seeking help to reduce Charlotte's stress actually raised her stress level.
Which option best explains how this situation raised Charlotte's stress level?
A. Charolotte's friend probably though that she didn't have the right to ask for help.
B. Charlotte annoyed her friend with her text. Her friend doesn't want to deal with Charlotte's problems.
C. Charlotte should not have texted her friend. Her friend obviously did not understand the text.
D. Charlotte's expectations of an instant response from her friend were too high.
25. Beth has had a stressful term. She received all A's in her classes while leading a study group, supervising math tutors in her work-study job, overseeing the dramaproduction's set design, and forming an early morning jogging group.
Which characteristic should Beth consider changing about herself to avoid high stress levels in the future?
A. feeling that she has to excel in everything
B. never taking the time to do anything fun
C. always being the leader
D. over-booking her schedule
26. Which assumption about entering therapy has created a social stigma?
A. It helps people express emotions that they normally might not express.
B. It takes a long time. It's not a quick solution to problems.
C. It represents weakness. Only seriously unhealthy people seek therapy.
D. It's not guaranteed to work. The person in therapy still has to do self-inquiry.
27. Bob deals with high stress by turning off his cell phone, cancelling social plans, and refusing to answer personal emails. It saves time and allows him to focus on his work.
However, what unhealthy habit does Bob's response suggest he is using to deal with his stress?
A. Burnout
B. Avoidance
C. Selfishness
D. Workaholic behavior
28. Three students arrive at the library at 6 p.m. At 7 p.m., the first student takes a phone call. "A party?" she says. "I'll be right there." She packs up her books and takes off. The second student studies until 10 p.m., meets friends for a slice of pizza, and goes home to bed. The third student stays in the library until 2 a.m., closingtime, and drags home to go to bed. What quality does the first student lack?
A. Self-discipline
B. Flexibility
C. Spontaneity
D. Learning disorder
29. Bella is assigned a long-term work project in January that is due in March. What strategy can Bella use to be sure she meets her deadline?
A. Work day and night until she finishes.
B. Begin working by February.
C. Negotiate a flexible deadline.
D. Create milestones
30. Stan is leading a meeting and creates this to-do list. He puts a star next to his priorities.
To-Do
1) Congratulate successful salespeople.
2) Book a room.*
3) Photocopy PowerPoint outlines.
4) Videotape the meeting.
Why does Stan choose #2 as a priority?
A. It is a task that must be done for the other tasks to be possible.
B. It is the easiest task, so it should be done first.
C. It is a task that is crucial for the other tasks to matter.
D. It is the task that takes longest, so it should be done first.
Part II - Short-Answer Essays
Use complete statements when recording responses in all cases except where the request is to "list".
31. Based on your experiences and text reading, we know that first impressions are lasting impressions. Explain "turn ons" and "turn offs" that one might notice within the first seven (7) seconds of meeting a person.
Turn Ons
Turn Offs
32. What are the three steps to deal with "negative baggage"?
33. Janice is 25 years old and has just started her new job. Because she is not eligible to participate in her cmpany's 401K plan until after she has been on the job for one year, she has decided to make contributions to a traditional Individual Retirement Account (IRA). Her friend tells her that a ROTH IRA account is better. Do you agree that a Roth is better? Why or why not?
34. Mr.Joseph is 68 years old and has over $900,000 in his 401k account. He told his wife that he does not plan to make any withdrawals until he retires in seven (7) years at age 75. Based on requirements set by the Internal Revenue Service and a discussion in class, is this a good strategy for Mr. Joseph? Explain your response.
35. You have learned that the best way to manage your money is to prepare a monthly budget. Net income is recommended when recording the amount of income on a monthly basis and the budget should include fixed and variable expenses. What is the difference between gross income and net income? Give one example of a fixed expense and a variable expense.
Part III - Net Worth Calculation
36. Krystal and Mark Dixon are recent college graduates. They recently used $10,000 from their savings to purchased a used car valued at $15,000, leaving a balance of $3,000 in their savings account; they borrowed money from the credit union to finance the balance for the car.
Krystal and Mark have $2,000 in their checking account and personal items valued at $2,000.
They owe $5,000 on student loans and $1,000 on credit cards. Mark owns Amazon common stock worth $4,000 and Krystal owns a $1,000 personal computer.
Prepare a simple balance sheet and calculate the net worth for the Dixons.
THE DIXON's BALANCE SHEET
ASSETS
LIABILITIES
Total Total
Show calculations.
NET WORTH = _______________________
What suggestions would you make to the Dixon's to improve their net worth?