Financial Literacy Test #1, Chapters 2 And 3
Questions and Answers
- 1.
Most jobs require the same personality traits.
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
This statement is false because different jobs require different personality traits. For example, a job that requires strong leadership skills may not necessarily require someone who is detail-oriented or introverted. Different jobs have different requirements and therefore require different personality traits for success.Rate this question:
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- 2.
You should send a cover letter to a potential employer along with your resume.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
Sending a cover letter along with your resume is considered a standard practice when applying for a job. The cover letter allows you to introduce yourself, highlight your qualifications, and explain why you are interested in the position. It provides an opportunity to personalize your application and make a good first impression on the potential employer. Therefore, it is recommended to send a cover letter along with your resume to increase your chances of getting noticed and considered for the job.Rate this question:
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- 3.
It is best to provide one single "generic" resume to use for all job applications, tailoring your resume for particular jobs is costly and time consuming.
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
Tailoring your resume for particular jobs is not costly and time-consuming, but rather essential for increasing your chances of getting hired. A generic resume may not effectively highlight the specific skills and experiences that are relevant to a particular job. By customizing your resume for each application, you can emphasize your qualifications that align with the job requirements, making it more appealing to employers. This targeted approach shows your dedication and effort, increasing your chances of standing out among other applicants.Rate this question:
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- 4.
"Any type of work" would be a great career objective to place on your resume.
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
"Any type of work" would not be a great career objective to place on your resume. A career objective should be specific and tailored to the job you are applying for. It should highlight your skills, qualifications, and goals that align with the position you are seeking. A generic objective like "any type of work" does not demonstrate focus or direction and may give the impression that you are not committed or serious about a particular career path.Rate this question:
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- 5.
You should always take a trusted friend, or your parents, to an interview along with you.
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
It is not necessary to take a trusted friend or parents to an interview. Interviews are typically conducted one-on-one between the interviewer and the interviewee. Bringing someone else along may give the impression that the interviewee lacks confidence or independence. It is important for the interviewee to present themselves professionally and handle the interview process on their own. Therefore, the correct answer is False.Rate this question:
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- 6.
You should never leave without any questions after the job interview.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
After a job interview, it is important to ask questions to gain clarity, show interest, and leave a positive impression on the interviewer. By asking questions, you demonstrate your enthusiasm for the role and the company, as well as your desire to learn more about the job responsibilities, company culture, and potential for growth. Leaving without any questions may give the impression that you are not genuinely interested or prepared for the position, which could negatively impact your chances of being selected for the job.Rate this question:
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- 7.
Which of the following personality traits would probably be helpful for someone who worked as a salesperson?
- A.
Quiet and shy
- B.
More of a follower than a leader
- C.
Outgoing and Friendly
- D.
Prefers low stress environments
Correct Answer
C. Outgoing and FriendlyExplanation
Outgoing and friendly personality traits would be helpful for someone who worked as a salesperson because they would be able to easily connect with customers, build rapport, and establish trust. Being outgoing allows the salesperson to confidently approach potential clients and engage in conversations, while being friendly helps create a positive and welcoming environment. These traits are essential for building relationships, persuading customers, and ultimately closing deals.Rate this question:
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- 8.
Which of the following will not make a good reference?
- A.
A former teacher
- B.
Your old basketball coach
- C.
Your brother
- D.
Your current employer
Correct Answer
C. Your brotherExplanation
While a former teacher, old basketball coach, and current employer can provide professional references and speak to your skills and abilities, your brother may not be able to provide an objective assessment of your qualifications. Family members are generally seen as biased and may not have the necessary knowledge or experience to provide a meaningful reference for employment or academic purposes.Rate this question:
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- 9.
A "Thank You" letter should be sent on which of the following occasions?
- A.
Before an Interview
- B.
Before applying to the job
- C.
After an Interview
- D.
You should never send a "Thank You" letter
Correct Answer
C. After an InterviewExplanation
A "Thank You" letter should be sent after an interview as a gesture of appreciation for the opportunity to interview for the job. It is a way to express gratitude for the interviewer's time and consideration. Sending a thank you letter also allows the candidate to reiterate their interest in the position and highlight any key points discussed during the interview. This can leave a positive impression on the interviewer and potentially increase the chances of being selected for the job.Rate this question:
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- 10.
When completing an employment application,
- A.
Use a red pen to make your answers stand out
- B.
Write as quickly as you can
- C.
Avoid the use of abbreviations
- D.
Answer only the questions that put you in a favorable light
Correct Answer
C. Avoid the use of abbreviationsExplanation
Using abbreviations in an employment application should be avoided. This is because abbreviations can be confusing and may not be understood by the person reviewing the application. It is important to provide clear and concise information in the application, and using full words instead of abbreviations helps to achieve this. By avoiding abbreviations, the applicant ensures that their answers are easily understandable and increases the chances of their application being considered positively.Rate this question:
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- 11.
In the first paragraph of your "Thank You" letter, you should,
- A.
Explain your qualifications for the job one more time
- B.
Provide your contact information
- C.
Apologize for any mistakes you made during the interview
- D.
Express genuine appreciation to the interviewer for seeing you
Correct Answer
D. Express genuine appreciation to the interviewer for seeing youExplanation
In the first paragraph of your "Thank You" letter, it is important to express genuine appreciation to the interviewer for seeing you. This shows gratitude for their time and consideration, and it helps to leave a positive impression. By expressing genuine appreciation, you acknowledge the opportunity they provided and convey your enthusiasm for the position. It also demonstrates professionalism and good manners, which can set you apart from other candidates.Rate this question:
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- 12.
Which letter helps you introduce yourself to the employer?
- A.
Thank You Letter
- B.
Cover Letter
- C.
Interview Letter
- D.
Employment Letter
Correct Answer
B. Cover LetterExplanation
A cover letter is a document that is typically sent along with a resume when applying for a job. It introduces the applicant to the employer by highlighting their qualifications, skills, and experiences that make them a suitable candidate for the position. The purpose of a cover letter is to grab the employer's attention and persuade them to consider the applicant for the job. Therefore, a cover letter is the letter that helps you introduce yourself to the employer.Rate this question:
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- 13.
A mission statement can be found in most company websites and should be reviewed by the job applicant before an interview.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
A mission statement is a concise summary of a company's purpose, goals, and values. It provides insight into the company's overall direction and can help job applicants understand the organization's mission and whether it aligns with their own values and career goals. Reviewing the mission statement before an interview allows applicants to demonstrate their knowledge of the company and show their genuine interest in working for the organization. Therefore, it is important for job applicants to review the mission statement on the company's website before an interview.Rate this question:
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- 14.
An interviewer's business card should be asked for,
- A.
Before the interview
- B.
Never
- C.
Right after the interview
- D.
Ten days after the interview
Correct Answer
C. Right after the interviewExplanation
It is important to ask for an interviewer's business card right after the interview because it allows you to have their contact information for future reference. This can be helpful if you want to send a thank-you email or follow up on any questions or concerns discussed during the interview. Asking for the business card immediately shows professionalism and a proactive approach in maintaining communication with the interviewer. Waiting too long to ask for the business card may result in difficulty in reaching out to the interviewer later on.Rate this question:
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- 15.
An interviewer's name on a "Thank You" letter can include the words, "Hiring Manager"
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
You should always include the complete interviewer's name on your "Thank You" letterRate this question:
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- 16.
An interview answer that should be remembered by the interviewer as a positive instead of as a negative is,
- A.
"What's your greatest weakness"?
- B.
"Describe yourself".
- C.
"What does our company do"?
- D.
"Can I see your Resume"?
Correct Answer
A. "What's your greatest weakness"?Explanation
The answer "What's your greatest weakness?" should be remembered by the interviewer as a positive instead of a negative because it shows self-awareness and a willingness to improve. It demonstrates that the candidate is honest and open about their areas of improvement and is willing to work on them. This answer also indicates that the candidate is proactive and takes initiative in self-development, which can be seen as a valuable trait in a potential employee.Rate this question:
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- 17.
One of the interview questions we discussed, "Tell me about yourself" is an opportunity for the interviewee to "sell" one's major skills and attributes.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
The statement is true because the question "Tell me about yourself" is often used as an icebreaker in interviews and provides the interviewee with an opportunity to highlight their key skills, experiences, and attributes that make them a strong candidate for the position. It allows the interviewee to showcase their qualifications and make a strong impression on the interviewer.Rate this question:
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- 18.
All of the following resources/materials are pivotal for the success of "landing" the job.Check all those that apply.
- A.
Thank You Letter
- B.
Cover Letter
- C.
Resume
- D.
Expensive Clothes
- E.
An interesting name
Correct Answer(s)
A. Thank You Letter
B. Cover Letter
C. ResumeExplanation
The Thank You Letter, Cover Letter, and Resume are all pivotal resources/materials for the success of "landing" the job. A Thank You Letter allows the candidate to express gratitude and reinforce their interest in the position after an interview. A Cover Letter provides an opportunity for the candidate to showcase their skills, qualifications, and enthusiasm for the job. A Resume highlights the candidate's relevant experience, education, and achievements. These three resources are essential in presenting oneself effectively to potential employers and increasing the chances of securing the job.Rate this question:
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- 19.
The interviewee should always talk wrongly about the previous employer.
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
It is not advisable for an interviewee to always speak negatively about their previous employer. Speaking negatively can reflect poorly on the interviewee's professionalism and ability to work well with others. It is important for the interviewee to be honest about any challenges faced in their previous role, but focusing solely on the negative aspects can give the impression of a negative attitude or inability to take responsibility for their own actions. It is better for the interviewee to speak diplomatically and constructively about their previous employer, highlighting what they learned and how they grew from the experience.Rate this question:
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- 20.
Company stocks are not searchable by symbols.
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
The statement is false because company stocks are indeed searchable by symbols. Stock symbols are unique identifiers assigned to each publicly traded company, making it easier for investors and traders to search and track specific stocks. These symbols are widely used in financial markets and can be easily searched on various platforms, websites, and databases to retrieve information about a particular company's stock.Rate this question:
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- 21.
More than one person can interview the interviewee.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
This statement is true because it is common for multiple people to be involved in the interview process. Having multiple interviewers allows for a more comprehensive evaluation of the interviewee's skills, qualifications, and fit for the position. It also provides different perspectives and reduces bias in the decision-making process. Therefore, it is not uncommon for organizations to have panel interviews or involve multiple stakeholders in the interviewing process.Rate this question:
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- 22.
After an interview has gone quite bad, there is still hope for the interviewee to make a last impression.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
Yes, with a "Thank You" letterRate this question:
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- 23.
Reviewing the company website before an interview is not necessary.
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
Reviewing the company website before an interview is necessary because it allows the candidate to gather information about the company, its values, mission, and culture. This knowledge can help the candidate tailor their answers during the interview and demonstrate their interest and preparedness. Additionally, reviewing the website helps the candidate understand the company's products or services, recent achievements, and any current news or events, which can be useful for asking informed questions during the interview. Overall, reviewing the company website before an interview is essential for a candidate to make a positive impression and show their enthusiasm for the position.Rate this question:
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- 24.
The interviewee must never ask any questions after the interview.
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
The statement "The interviewee must never ask any questions after the interview" is incorrect. It is common and encouraged for interviewees to ask questions at the end of an interview. Asking questions demonstrates interest in the role and allows the interviewee to gather more information about the company and position. It also provides an opportunity for the interviewee to assess if the job is the right fit for them. Therefore, the correct answer is False.Rate this question:
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- 25.
If the job applicant does not know the name of the hiring manager, he/she can refer to the person as "Dear Sir/Madam".
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
If the job applicant does not know the name of the hiring manager, it is appropriate to address the person as "Dear Sir/Madam." This is a common and respectful way to address someone when their specific name is unknown. It shows professionalism and courtesy in the absence of a known name.Rate this question:
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- 26.
In a cover letter, the first paragraph is the "first point of contact".
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
The first paragraph of a cover letter is considered the "first point of contact" because it is the first section that the reader will see. It is where the applicant introduces themselves and expresses their interest in the position. This paragraph sets the tone for the rest of the letter and is crucial in grabbing the reader's attention. Therefore, it can be concluded that the statement is true.Rate this question:
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- 27.
The handwritten signature of your business letter should be printed on what color ink?
- A.
Purple ink
- B.
Black ink but highlighted in yellow with a Sharpie
- C.
Blue or black ink
- D.
Pink
Correct Answer
C. Blue or black inkExplanation
The correct answer is blue or black ink. This is because blue and black ink are considered professional and formal colors for business letters. Using purple, pink, or highlighting in yellow with a Sharpie may not be appropriate for a business setting and can give a less serious impression.Rate this question:
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- 28.
If I am applying to a Marketing position, I should only include the skills I have in Accounting.
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
This statement is false. When applying for a marketing position, it is important to include the relevant skills and experience in marketing, not accounting. Accounting skills may not be directly applicable to a marketing role, so it is more beneficial to highlight skills such as market research, advertising, social media marketing, branding, and communication. Including accounting skills that are unrelated to the position may confuse employers and make it appear that the candidate is not a good fit for the marketing role.Rate this question:
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- 29.
Giving a firm handshake to the interviewer is a sign of weakness.
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
A firm handshake is typically seen as a sign of confidence and assertiveness, rather than weakness. It shows that the person is self-assured and capable. Therefore, the statement that giving a firm handshake to the interviewer is a sign of weakness is incorrect.Rate this question:
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- 30.
You can prepare yourself for an interview by,Check all that apply.
- A.
Reviewing the company website
- B.
Calling the company's secretary to learn of the hiring manager's name
- C.
Calling the hiring manager and taking him out for Pizza
- D.
You don't need to prepare before an interview
Correct Answer(s)
A. Reviewing the company website
B. Calling the company's secretary to learn of the hiring manager's nameExplanation
Preparing for an interview involves reviewing the company website to gather information about the company, its values, and its goals. This will help in understanding the company's culture and aligning one's answers accordingly. Additionally, calling the company's secretary to learn the hiring manager's name shows initiative and allows for personalizing the interview process. However, calling the hiring manager and taking him out for pizza is not a recommended step in interview preparation. It is important to be prepared and professional during an interview. The statement "You don't need to prepare before an interview" is incorrect as preparation is crucial for a successful interview.Rate this question:
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- 31.
Employers appreciate job applicants who provide their contact information on any correspondence received.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
Providing contact information on correspondence allows employers to easily reach out to job applicants for further communication or interviews. It shows professionalism and a willingness to be easily accessible. This can also help employers save time and effort in searching for contact details. Overall, including contact information demonstrates an applicant's proactive approach and increases the chances of being contacted for potential job opportunities.Rate this question:
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- 32.
How many letters did the personality code include?
- A.
Five letters
- B.
Four letters
- C.
Seven letters
- D.
Two letters
Correct Answer
B. Four lettersExplanation
The personality code included four letters.Rate this question:
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- 33.
The following is a form used to ask questions to a job applicant.
- A.
Job Application
- B.
Cover Letter
- C.
Thank You Letter
- D.
Reference Sheet
Correct Answer
A. Job ApplicationExplanation
The given correct answer is "Job Application". The question is asking for a form used to ask questions to a job applicant, and out of the options provided, a job application is the most appropriate answer. A job application is a document that individuals fill out when applying for a job, which typically includes questions about their personal information, qualifications, and work experience.Rate this question:
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- 34.
The heading is the first element of a Cover Letter
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
The heading is indeed the first element of a cover letter. It typically includes the sender's contact information, such as their name, address, phone number, and email address. The heading is usually followed by the date, recipient's contact information, and a formal salutation. This information helps the recipient identify the sender and easily reach out to them if needed. Therefore, the statement "The heading is the first element of a Cover Letter" is true.Rate this question:
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- 35.
Which of the following questions is NOT an acceptable one to ask after an interview?
- A.
How much am I getting paid?
- B.
When can I hear back from you?
- C.
Can I please have your business card?
- D.
What are the future goals for the company?
Correct Answer
A. How much am I getting paid?Explanation
Asking about the salary during an interview is generally considered inappropriate because it can give the impression that the candidate is solely interested in the monetary aspect of the job and not focused on the overall fit or responsibilities. Salary negotiations are typically addressed after the candidate has been offered the position, making it an unacceptable question to ask during the interview process.Rate this question:
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- 36.
What paragraph in a "thank you" letter is an optional one where an interviewee reinforces a point that was perceived as a possible weakness at the interview?
- A.
Paragraph 1
- B.
Paragraph 7
- C.
Paragraph 3
- D.
Paragraph 5
Correct Answer
C. Paragraph 3Explanation
Paragraph 3 is the optional paragraph in a "thank you" letter where an interviewee reinforces a point that was perceived as a possible weakness at the interview. This paragraph provides an opportunity for the interviewee to address any concerns or doubts the interviewer may have had regarding their qualifications or skills. It allows the interviewee to emphasize their strengths and provide additional information or examples to alleviate any concerns. This paragraph can be crucial in leaving a positive impression and addressing any potential weaknesses in the interview.Rate this question:
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- 37.
I can enclose all of the following documents on a resume except,
- A.
References
- B.
School Transcripts
- C.
Cover Letter
- D.
Google Doc with my phone number
Correct Answer
D. Google Doc with my phone numberExplanation
A resume typically includes important information such as personal details, education, work experience, and skills. References, school transcripts, and a cover letter are all commonly included in a resume to provide additional information and support the applicant's qualifications. However, including a Google Doc with a phone number is not necessary or appropriate for a resume. Contact information, including a phone number, can be included directly on the resume itself. A separate Google Doc with a phone number would be redundant and unnecessary.Rate this question:
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- 38.
The closing paragraph in a Thank You letter should thank the interviewer one last time.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
The closing paragraph in a Thank You letter should thank the interviewer one last time because it shows gratitude and appreciation for the opportunity to interview. It also leaves a positive impression on the interviewer and reinforces the candidate's interest in the position. Additionally, expressing thanks one last time can leave a lasting impression and potentially set the candidate apart from other applicants.Rate this question:
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- 39.
How early should the interviewee arrive to the interview?
- A.
At least 10 minutes before the interview
- B.
Right on time
- C.
At least 3 minutes before the interview
- D.
Do not arrive early
Correct Answer
A. At least 10 minutes before the interviewExplanation
The interviewee should arrive at least 10 minutes before the interview. This allows them to have a few minutes to gather their thoughts, compose themselves, and review any last-minute information. It also shows punctuality and professionalism, as arriving early demonstrates respect for the interviewer's time and shows that the interviewee is eager and prepared for the interview. Arriving right on time or even a few minutes late may give the impression of being disorganized or not taking the interview seriously.Rate this question:
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- 40.
The interviewee should not think before he/she answers a question. Time is of the essence in an interview.
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
The statement "The interviewee should not think before he/she answers a question" is incorrect. In an interview, it is important for the interviewee to take a moment to gather their thoughts and provide a well-thought-out response. Rushing to answer without thinking can lead to mistakes or incomplete answers. While time may be limited in an interview, it is still crucial to provide thoughtful and accurate responses.Rate this question:
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- 41.
Verbal cues can sometimes "speak louder than words" in an interview.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
Verbal cues can sometimes "speak louder than words" in an interview because nonverbal communication, such as tone of voice, facial expressions, and body language, can convey more information and emotions than the actual words spoken. These cues can provide insights into a person's confidence, honesty, and overall demeanor, which can greatly influence the interviewer's perception and decision-making process. Therefore, paying attention to verbal cues during an interview can be crucial in understanding the candidate's true intentions and qualities.Rate this question:
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- 42.
The interviewee should never appear self confident in an interview.
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
The statement "The interviewee should never appear self confident in an interview" is false. While it is important for an interviewee to strike a balance between confidence and humility, appearing self confident can actually be beneficial in an interview. Confidence shows that the interviewee believes in their abilities and can handle challenges. It can also leave a positive impression on the interviewer, indicating that the interviewee is capable and can contribute effectively to the organization. However, it is important to avoid arrogance and maintain a respectful and professional demeanor throughout the interview.Rate this question:
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- 43.
How many people should the interviewee bring with him/her to the interview?
- A.
0
- B.
At least 2
- C.
At least 1
- D.
As many friends as possible
Correct Answer
A. 0Explanation
Bringing people to an interview can be seen as unprofessional and may give the impression that the interviewee lacks confidence or independence. It is important for the interviewee to present themselves as capable of handling the interview process on their own. Therefore, the correct answer is 0, indicating that the interviewee should not bring anyone with them to the interview.Rate this question:
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- 44.
The interviewee should always wear denim jeans to a professional job interview.
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
Denim jeans are generally considered too casual for a professional job interview. It is important to dress in a more formal and appropriate manner to make a good impression. Opting for dress pants or a skirt, paired with a blouse or a dress shirt, would be more suitable attire for a professional job interview. Therefore, the correct answer is False.Rate this question:
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- 45.
What is an acceptable answer to the interview question, "Why do you want to work here"?
- A.
I live one block from here and can get here really quick
- B.
Your company goals and job qualifications match perfectly with my own
- C.
It's a good job
- D.
I like the bright colors of your building
Correct Answer
B. Your company goals and job qualifications match perfectly with my ownExplanation
The acceptable answer to the interview question, "Why do you want to work here?" is that the company goals and job qualifications match perfectly with the candidate's own goals and qualifications. This shows that the candidate has done their research about the company, understands what the company is looking for in an employee, and believes that their skills and aspirations align well with the company's objectives. This answer demonstrates a genuine interest in the company and a strong motivation to contribute to its success.Rate this question:
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- 46.
What is an acceptable answer to the interview question, "Why should we hire you"?
- A.
Why should you not?
- B.
I believe my skills and strong work ethic make me a perfect candidate for this position
- C.
Are you kidding me? I'm awesome!
- D.
I just think I am the perfect candidate for this position
Correct Answer
B. I believe my skills and strong work ethic make me a perfect candidate for this positionExplanation
The given answer is the most acceptable because it highlights the candidate's skills and work ethic, which are important qualities for the position. It demonstrates the candidate's confidence in their abilities without being overly boastful or dismissive.Rate this question:
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- 47.
Which of the following career search engines did the class experiment with?
- A.
Www.kahoot.it
- B.
Www.makemynextmove.org
- C.
Www.walmart.com
- D.
Www.edmodo.com
Correct Answer
B. Www.makemynextmove.orgExplanation
The class experimented with www.makemynextmove.org as a career search engine.Rate this question:
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- 48.
An internship refers to,
- A.
A cruise ship
- B.
The period where a person gains valuable skills while actively working at real place of employment
- C.
A school
- D.
A mock interview
Correct Answer
B. The period where a person gains valuable skills while actively working at real place of employmentExplanation
An internship refers to the period where a person gains valuable skills while actively working at a real place of employment. This typically involves a temporary position where individuals, often students or recent graduates, work in a professional environment to gain practical experience and apply their theoretical knowledge. Internships are designed to provide hands-on training, exposure to the industry, and an opportunity to develop relevant skills and networks. It is a valuable stepping stone towards a career and helps individuals understand the dynamics of the workplace.Rate this question:
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Mar 15, 2023Quiz Edited by
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Oct 13, 2015Quiz Created by
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