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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. Getting an interview - applying - interviewing - and following up
asset
getting the job
short term goal
unions
2. (1993) allows employees to take p to 12 weeks of unpaid leave in a 12 moth period for certain medical or family situations
salary
intermediate goal
family leave act
competent parties
3. Those who are legally capable of entering into contracts.
drawer
W-4
fixed expense
competent parties
4. Provides federal aid for the elderly and for disabled workers
social security
currency
contracts
solvent
5. Definite - clearly stated
contracts
voidable
motivation
explicit
6. A depositor's order to a bank to refuse payment on a check
stop payment
contracts
investments
salary
7. A goal you expect to reach in a few days or weeks; a B on next weeks math test
short term goal
joint account
loan
gross pay
8. A check that bears the bank's stamp - indicating it has cleared
co-signer
job application
overdraft
canceled check
9. Intentionally writing a check on an account without sufficient funds in the hope of making a deposit before the check is cashed.
vertical communications
floating a check
contracts
stop payment
10. Job elements that increase job satisfaction
stop payment
joint account
motivation
investments
11. Money that someone lends that you pay interest on when you pay it back
unions
loan
net pay
job application
12. The process of matching your checkbook register with the bank statement
checking account
unions
social security
bank reconciliation
13. 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
diversified investments
W-2
family leave act
14. Able to be set aside or to be revalidated at a later date
listening-different skills
voidable
gross pay
motivation
15. Money you save
parts of a business letter
currency
getting the job
saving
16. The spreading of risks across many types of investments
diversified investments
co-signer
self-actualization
maker
17. A promise to pay a specified amount on demand or at a certain time
joint account
family leave act
promissory note
self-actualization
18. Take away the legal force of or render ineffective
long term goal
social security
void
W-2
19. Someone who has insufficient assets to cover their debts
insolvent
income tax
net worth
1040 from
20. The total amount you earn before any deducations are subtractions
net worth
floating a check
void
gross pay
21. The metal or paper medium of exchange that is presently used
liabilities
currency
income tax
diversified investments
22. One who agrees to pay if the borrower fails to pay
self-actualization
co-signer
1040 from
net worth
23. A face to face meeting with a potential employeer to discuss the job opening
job interview
solvent
drawer
listening-different skills
24. The us of long term savings to earn a financial return
net worth
investments
salary
overdraft
25. Return address - letter address - body of the letter: attention - interest - desire - action
overdraft
net worth
payee
parts of a business letter
26. A written assurance that some product or service will be provided or will meet certain specifications
certified check
asset
warranty
listening-different skills
27. 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
void
listening-different skills
overdraft
loan
28. A legally enforceable agreement between two or more people
contracts
self-actualization
checkbook register
savings
29. The relationship between the costs of paying for workiers and the output that is recieved from their work
productivity
explicit
competent parties
void
30. A group of people who work in the same or similar occupation organized for the benefit of all employees in these ocupations
job interview
commercial bank
unions
liabilities
31. Goals you wish to accomplish in the next few months or years; graduation from highschool - or plans for summer employment
self-actualization
certificate of deposit
intermediate goal
income tax
32. Occurs amoung co-workers of equal rank
diversified investments
horizontal communications
short term goal
asset
33. Costs that do not change from month to month
motivation
savings
fixed expense
job application
34. The need to reach ones full potential - to grow - and to be creative
job application
benefits
competent parties
self-actualization
35. Professionally managed group in investments bought using a pool of money from many investors; used to buy stocks. bonds - and other securities
savings
horizontal communications
mutual fund
job search
36. Occurs amoung co-workers of unequal rank
intermediate goal
short term goal
vertical communications
overdraft
37. The tax paid on your taxable income
benefits
income tax
promissory note
asset
38. The person who writes a check or draft instructing the drawee to pay someone else
job search
drawer
checkbook register
loan
39. A check written for more money than your account contains
productivity
overdraft
net worth
liabilities
40. A check containing certification that the person who issued the check has sufficient funds on deposit to cover payment
co-signer
salary
certified check
job search
41. Allows you to write checks to make payments; also called a demand deposit
checking account
insolvent
simple interest
solvent
42. A statement that solves a problem or explains how to solve the problem
intermediate goal
net pay
joint account
solvent
43. A summary of the income you earned during the year and all amounts the employer withheld for taxes
family leave act
W-2
warranty
investments
44. A natural - physical - or mental ability that allows you to do certain tasks well
payee
mutual fund
job interview
aptitude
45. Depositor to a checking account
unions
W-4
maker
motivation
46. The amount of monthly or annual pay you will earn for your labour
salary
parts of a business letter
money market
fixed expense
47. A type of savings account that offers a more competitive interest rate than a regular savings account
1040 from
money market
joint account
voidable
48. One who is paid
payee
savings
salary
investments
49. 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
promissory note
W-4
canceled check
payee
50. Items of value that a person own
commercial bank
asset
parts of a business letter
unions