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Test your basic knowledge |
DSST Personal Finance
Start Test
Study First
Subjects
:
dsst
,
personal-finance
,
bvat
Instructions:
Answer 50 questions in 15 minutes.
If you are not ready to take this test, you can
study here
.
Match each statement with the correct term.
Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.
This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. Occurs amoung co-workers of unequal rank
overdraft
job application
vertical communications
listening-different skills
2. Items of value that a person own
currency
asset
job interview
fixed expense
3. Job elements that increase job satisfaction
insolvent
motivation
gross pay
vertical communications
4. Take away the legal force of or render ineffective
net worth
void
currency
liabilities
5. A promise to pay a specified amount on demand or at a certain time
fixed expense
motivation
promissory note
void
6. The process of matching your checkbook register with the bank statement
motivation
income tax
bank reconciliation
diversified investments
7. Depositor to a checking account
explicit
maker
insolvent
net worth
8. Intentionally writing a check on an account without sufficient funds in the hope of making a deposit before the check is cashed.
self-actualization
stop payment
floating a check
unions
9. Costs that do not change from month to month
fixed expense
canceled check
stop payment
promissory note
10. Those who are legally capable of entering into contracts.
unions
intermediate goal
void
competent parties
11. The relationship between the costs of paying for workiers and the output that is recieved from their work
productivity
listening-different skills
saving
job application
12. The amount left after all deductions are taken out of your gross pay
job search
payee
net pay
self-actualization
13. A natural - physical - or mental ability that allows you to do certain tasks well
job interview
social security
saving
aptitude
14. Money that someone lends that you pay interest on when you pay it back
warranty
loan
long term goal
bank reconciliation
15. Getting an interview - applying - interviewing - and following up
short term goal
savings
parts of a business letter
getting the job
16. Able to be set aside or to be revalidated at a later date
voidable
benefits
job interview
void
17. A booklet used to record checking account transactions
money market
1040 from
checkbook register
parts of a business letter
18. The difference between assets and liabilities
unions
salary
job search
net worth
19. A group of people who work in the same or similar occupation organized for the benefit of all employees in these ocupations
W-4
unions
checking account
long term goal
20. 'full service banks' provide the widest variety banking services. insured by FDIC
gross pay
commercial bank
maker
overdraft
21. A check written for more money than your account contains
void
payee
floating a check
overdraft
22. Interest computed only on amount borrowed without compounding
parts of a business letter
horizontal communications
listening-different skills
simple interest
23. A legally enforceable agreement between two or more people
contracts
aptitude
diversified investments
bank reconciliation
24. 1. forms of employee compensation in addition to pay 2. the amount recieved by the beneficiary from a life insurance policy also called proceeds
benefits
explicit
voidable
salary
25. A written assurance that some product or service will be provided or will meet certain specifications
warranty
aptitude
joint account
commercial bank
26. Goals you wish to accomplish in the next few months or years; graduation from highschool - or plans for summer employment
W-2
intermediate goal
getting the job
listening-different skills
27. The total amount you earn before any deducations are subtractions
gross pay
co-signer
intermediate goal
W-2
28. A tax form used to uhh make deductions from uhhm ........ from your income in taxes
1040 from
certificate of deposit
social security
insolvent
29. An account owned by two or more people.
family leave act
joint account
variable expense
commercial bank
30. The spreading of risks across many types of investments
long term goal
drawer
commercial bank
diversified investments
31. Money you save for things
productivity
fixed expense
floating a check
savings
32. A summary of the income you earned during the year and all amounts the employer withheld for taxes
explicit
W-2
floating a check
simple interest
33. Professionally managed group in investments bought using a pool of money from many investors; used to buy stocks. bonds - and other securities
mutual fund
getting the job
self-actualization
gross pay
34. The tax paid on your taxable income
W-2
liabilities
competent parties
income tax
35. Costs that do change from month to month
variable expense
void
1040 from
unions
36. A depositor's order to a bank to refuse payment on a check
asset
variable expense
floating a check
stop payment
37. One who is paid
joint account
fixed expense
payee
insolvent
38. Definite - clearly stated
voidable
explicit
savings
checkbook register
39. A face to face meeting with a potential employeer to discuss the job opening
unions
certified check
overdraft
job interview
40. The us of long term savings to earn a financial return
unions
investments
family leave act
loan
41. A check that bears the bank's stamp - indicating it has cleared
variable expense
void
canceled check
competent parties
42. Sympathetic- 'empatheic listening' ability to see another person's point of view and sense what person is feeling; critical- ability to differentiate facts from opinion - and creative-listening with an open mind to new ideas
net pay
listening-different skills
void
variable expense
43. A form that asks questions of people that apply for a job; write neatly - black or blue pen;stay within space provided - fill in all blanks; be truthful; don't abbreviate; proofread
benefits
job application
diversified investments
payee
44. Occurs amoung co-workers of equal rank
stop payment
checking account
horizontal communications
short term goal
45. A statement that solves a problem or explains how to solve the problem
payee
canceled check
solvent
maker
46. The need to reach ones full potential - to grow - and to be creative
solvent
floating a check
mutual fund
self-actualization
47. Asks for your name address social security number marital status and number of exepemptions you are claiming for income tax purposes; this determines amount your employer will withhold from your paycheck for income taxes
asset
W-4
maker
parts of a business letter
48. Goals you wish to accomplish in five to ten years or longer; college degree - marriage
checking account
horizontal communications
short term goal
long term goal
49. (1993) allows employees to take p to 12 weeks of unpaid leave in a 12 moth period for certain medical or family situations
commercial bank
floating a check
asset
family leave act
50. A type of savings account that offers a more competitive interest rate than a regular savings account
money market
1040 from
parts of a business letter
currency