Test Bank For Personal Finance 11th Edition by E. Thomas Garman

Test Bank For Personal Finance 11th Edition by E. Thomas Garman

Chapter 2—Career Planning

TRUE/FALSE

1.Effective career planning will help you identify an employment pathway that aligns your interests and abilities with the tasks expected.

ANS: T PTS: 1 DIF: easy REF: p. 36

2.The time and effort you put into your career planning effort will affect how much income you earn and how far you advance in your career.

ANS: T PTS: 1 DIF: easy REF: p. 36

3.A career goal can be a specific job or field of work.

ANS: T PTS: 1 DIF: easy REF: p. 37

4.A career plan provides guidance to help you attain your career goals.

ANS: T PTS: 1 DIF: easy REF: p. 36

5.Interest inventories are the qualities that allow you to perform job-related tasks.

ANS: F

interest inventories help people assess the activities that give them satisfaction.

PTS: 1 DIF: easy REF: p. 37

6.According to the U.S. Census Bureau, adults with an advanced degree earn approximately $48,000 more per year than adults with only a high school diploma.

ANS: T PTS: 1 DIF: moderate REF: p. 37

7.According to the U.S. Census Bureau, adults with an advanced degree earn approximately $48,000 more per year than adults with only a bachelor’s degree.

ANS: F

those with advance degrees earn $26,000 more.

PTS: 1 DIF: moderate REF: p. 44

8.According to the U.S. Census Bureau, getting an advanced degree has a bigger impact on annual income (as compared to a bachelor’s degree) than getting a bachelor’s degree (as compared to graduating from high school).

ANS: T PTS: 1 DIF: moderate REF: p. 44

9.According to the U.S. Census Bureau, adults with a bachelor’s degree earn approximately $22,000 more per year than adults with only a high school diploma.

ANS: T PTS: 1 DIF: moderate REF: p. 44

10.An internship  may allow you to develop new skills as well as a chance to network.

ANS: T PTS: 1 DIF: easy REF: p. 39