Imagine you know someone starting off in his or her first career. Based on what you learned in the module, what financial advice would you give this person and what challenges might he or she face?

Answers

Answer 1

Answer:

The most important and basic financial advice we can give to a person starting his career is to only spend as much as the person earns.

Explanation:

Because starting salaries tend to be lower than average, it is not very likely that this person will be able to save, but keeping a balanced personal budget will be very helpful anyway.

A second advice is to avoid debt on consumer goods, and only use debt for long-term investments like a house or a graduate degree. Credit card debt should be specially avoided because of the very high interest rates.

Finally, a third advice is that once this person earns enough to save, to look for safe financial instruments to put his or her money, like a mutual fund or a money market fund.


Related Questions

Select the type of job best demonstrated in each example. Mimi works at least forty hours every week as a Petroleum Engineer. Fabian is paid the same amount each week for his work as a Solar Energy Installation Manager, even though the number of hours he works is a little different every week. Hiram is hired as a Meter Reader, even though he doesn't have any experience with that kind of job. Lynette works for a company that sets up a retirement plan for her.

Answers

Answer:

full time job

salaried job

entry-level job

job with benefits

Explanation:

got them all right. hope this helps :D

Answer:

full time job

salaried job

entry-level job

job with benefits

Explanation:

I just answered this

What will you call an employee who prioritizes her own goals rather than the team’s goal?
A (an) ____ employee will prioritize her own goals rather than the team’s goals.

Answers

Answer: A Selfish person

Answer:

Selfish.

Explanation:

A person that only thinks about themselves, and does not share.

Commingling is mixing the money of the agent and the principal together.

A. True
B. False

Answers

True.

Commingling is the unlawful use of a client's funds by a licensee, often mixing their own funds with the client's.

PLZ HELP ASAP 20 POINS FOR CORRECT ANSWER!!!!!!! Jonson Works in a retail store and updates all the sales records by the end of the day he needs to send the weekly sales report to his supervisor which type of data processing technique will he use to carry out his duties efficiently?

Johnson will use the__processing system to update the sales records send a weekly report to a supervisor​

Answers

Answer:

data processing system

Answer: Transaction processing system

Explanation: im the ceo of apple

Jordan loves creating short films using his phone camera and small posable figures. He has learned how to edit the videos so that it looks as if the figures are alive and moving! What possible career paths might Jordan want to consider for his future? What type of education should Jordan get? Explain.

Answers

Answer:

A possible career pathway is Digital Filmmaking and Video Production. This career involves teaching students video development, post production, and live video production. For this career pathway Jordan should get a master’s degree in digital media studies because this education gives him a chance to learn more about how to improve the quality of his flims and what types of materials make the flims and the objects that are moving look more professional.

Explanation:

A set of procedures used to make modern video products is referred to as digital filmmaking, sometimes known as digital cinematography. These use a variety of equipment and techniques to create various types of material for a variety of media channels.

What's the difference between filmmaking and digital filmmaking?

Film cameras are typically cheaper than high-end digital cameras. The film captures the exact image captured by the lens. Digital cameras must convert that light into a digital signature, which may contain visual artifacts. The dynamic range of the film is greater, particularly in darker situations.

The term "digital filmmaking" can refer to a variety of procedures and techniques utilized in current films, such as the usage of digital cameras or more comprehensive digital features such as characters and locations produced entirely within a computer.

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Which requires that certain amounts of money be withheld from employees for fees related to
Medicare and social security?
tax laws
pension plans
health care plans
contracts

Answers

Answer:

I think it's A. and D. or C. but I really think actually is A. tax laws

Answer:

It's A.

Explanation:

It is a, even though income tax is ilegal, although this is exactly what it is. Pension plans would be correct although as far as i can remember that would be a 401k or what ever else there is. Tax laws doesn't theoretically match, as they cover it with it being for healthcare, like obama care, although obama care is supported by almost no healthcare providers. And contracts makes not sense, lol.

i'm In connexus as well, and quizlet has been pretty helpful as well. Sorry for adding politics, but it makes me words i can't say on this karen-run site.

Which promotional tool can be more effective when you are selling a complex product?
A. advertising
B. sales promotion
C. personal selling
D. public relations

Answers

Answer:

Personal selling

Explanation:

Personal selling is more flexible than other promotional tools such as advertising and sales promotion.

Josh began his career as the front desk clerk of a large hotel. He enjoys working in the Lodging pathway of the Hospitality and Tourism career cluster. He wants to stay along this career path so Josh decides to get some further education. What types of classes would help Josh advance along his career pathway? After finishing his education, what positions might be available to Josh along his career path?

Answers

Answer: Classes that might help Josh advance along his career path would to be a sub/standby when important hospitalization acts are taken place. After Josh finishes his education a position that might be available to him along his career path would be a nurse or someone who is authorized to help people.

Answer: Classes that would be good for Josh would be a sub/standby education When Josh finishes his education a job that might be available to him with his career path would be a nurse or someone who is trained to help other people.

Explanation: I just hope this helps :)

Select all that apply and then click DONE. OSHA's role is to:
Develop and enforce job safety and health standards.
Provide a retirement program to help employers and workers.
Maintain an injury and illness reporting and record keeping system.
Encourage continual improvement in workplace safety and health.
Done

Answers

Answer:

Develop and enforce job safety and health standards.

Maintain an injury and illness reporting and record keeping system.

Encourage continual improvement in workplace safety and health.

Explanation:

OSHA is the short form for the Occupational Safety and Health Administration.  OSHA is under the united states department of labor. Its core mandate is to promote a safe and healthy workplace for all workers through training, education, outreach, and setting and enforcing standards.

OSHA's concern is about a safe work environment for employees. It does not deal with retirement benefits or any other employee's compensation.

Question 2
1 pts
Kyle and Palo had been friends for a long time. The friends shared a common
interest in computer technology. Kyle had done some software design and
computer work on his own for neighbors and family friends. It wasn't long before
he realized that there was a demand for small businesses to have affordable
computer consultants. He decided to start a business. Kyle discussed his venture
with Palo and asked him if he would like to combine capital and take an active role
in the business with him. Both Kyle and Palo are equally responsible for the
businesses' risks and rewards.

Answers

Answer: General Partnership

Explanation:

Since both Kyle and Palo are equally responsible for the businesses' risks and rewards and they also combine their resources together, then this is a general partnership.

For a general partnership, they both take active part in the business and also have unlimited personal liabilities.

Therefore, the answer is general partnership.

Robert's credit card has a balance of $645.42, but the amount that he needs to pay to bring the card to a $0 balance is $1235.18 because he missed a payment. What is Robert's interest rate?

Answers

Answer:

Robert's interest rate is 91.46%.

Explanation:

Given that Robert has $ 645.42 on his credit card balance, but the payment he needs to make to bring his balance to $ 0 is $ 1235.18, the interest rate for non-payment that he has in his account is as follows:

645.42 = 100

1235.18 = X

((1235.18 x 100) / 645.42) = X

191.46 = X

Therefore, since 191.46 - 100 is equal to 91.46, the interest rate that this account has is 91.46%.


What is the relationship between interest rates and aggregate spending?
A.
when interest rates increase, aggregate spending also increases
B.
when interest rates increase, aggregate spending decreases
OC. they do not have any relation
OD
both the factors are affected favorably by any external factor
O E.
both the factors are affected adversely by any external factor

Answers

Answer:

B. when interest rates increase, aggregate spending decreases

Explanation:

Interest rates and aggregate spending have an inverse relationship. An increase in interest rates results in a decrease in aggregate expenditure. Interest refers to the cost of money, while aggregate spending is the total consumption in the economy.

When the cost of money is high, firms and households will stop borrowing, which reduces spending. It means businesses will not expand, and domestic consumption reduces. The net effect is a lower demand for goods and services, resulting in lower aggregate spending.

Answer:

when interest rates increase, aggregate spending decreases

Explanation:

I just took the test, good luck everyone

Michael perez deposited a total of $2000 with two savings institutions. one pays interest at a rate of 6%/year, whereas the other pays interest at a rate of 7%/year. if michael earned a total of $136 in interest during a single year, how much did he deposit in each institution? (let x and y denote the amount of money, in dollars, invested at 6% and 7%, respectively.)

Answers

Answer:

He invested $400 in the account with interest at 6%, while investing $1600 in the account with interest at 7%.

Explanation:

Given that Michael Perez deposited $ 2000 in two different accounts that granted an interest of 6% and 7% per year respectively, and that at the end of the year he obtained $ 136 in interest, to determine how much money he invested in each account it is necessary to perform the following calculation:

2000 = 100

136 = X

((136 x 100) / 2000) = X

13600/2000 = X

6.8 = X

Thus, the benefits obtained were 6.8% per year. Thus, the annual 7% of the account with the highest interest rate must subtract a 0.2% yield, with which Michael Perez invested 2/10 parts of his money in the account with interest at 6% and 8/10 in the account with interest at 7%.

Thus, in the account with interest at 6% he invested $ 400, while in the account with interest at 7% he invested $ 1600.

Which is not the cost of rising unemployment in an economy?

a)Lower Tax Revenues (Government collects less taxes)

b)Higher Benefits Payments

c)Crime, Vandalism, Family Breakdowns, Social Welfare, and Regional Decay in the Society

d)Opportunity Cost of Lost Potential Output

e)Flourishing Economy

Answers

Answer:

e)Flourishing Economy

Explanation:

Unemployment is a scenario where members of the adult population seek job opportunities but cannot get any. Therefore, an unemployed person is a jobless adult who is actively seeking employment.

Unemployed people have no income, which means they do not pay taxes. They may resort to crime to support themselves. Jobless people usually claim unemployment benefits, which is a burden to the government. A jobless person is mostly idle, which is a waste of skill, time, and knowledge.

Unemployment has adverse effects on the economy. It does not support the growth or flourishing of economic activities.

You have savings of $100. You plan to save another $100 at the beginning of each year for 5 years. The account pays annual interest of 8 percent, compounded quarterly. The ending balance (principal plus interest) will be $ at the end of 5 years.

Answers

Answer:

6.000 or 5.997.6

Explanation:

if you are in need of the total amount without interest is: 6,000, now counting 8% interest annually, in 5 years it will be 40% interest, then 40% of 6,000 will be 5,997.6

Answer:

786.70

Explanation:

Believe.

Glenn and Maggie own a regional chain of juice bars and are looking to expand in the coming year. They already have fifty shops, but they know they will need a loan to reach their goal of one hundred twenty five shops. Which type of banking institution is most suitable for Glenn and Maggie’s business?

a credit union
a savings and loan
a commercial bank
an investment bank

Answers

Answer:

a commercial bank

Explanation:

A commercial bank is a deposit accepting institutions regulated by the central bank of a country. The banks play a crucial role in availing capital to businesses. They accept deposits in the form of savings from customers. They keep a small fraction(reserves) in their custody to cater for withdrawal and loan out the rest. Banks, therefore, pool resources together for businesses and households to borrow.

Since banks have a wide customer base, they are able to mobilize huge amounts of resources to loan out. Commercial banks are the best institution to issue a loan to Glenn and Maggie. Saving and loan, credit unions have a limited membership and may not have sufficient resources to issue a loan to Glenn and Maggie.

Answer:

a commercial bank

Explanation:

An effective marketing mix for the product industry is the _____.

seven P's
four P's
both
neither

Answers

Answer:4

Explanation:

Answer:

the 4 P's

Explanation:

Jessica wants to get a credit card, but the bank is refusing to give her one. What could be the TWO possible reasons behind the bank’s refusal to comply with Jessica’s request?

she does not have an account with the bank
she has a bad credit history
she has a good credit history
she is 18 years old
she doesn’t have a job

Answers

Answer:

TWO POSSIBLE REASONS:

-she has a bad credit history

-she doesn't have a job

Explanation:

The bank should give her a credit card if:

-she is 18 years old

-has a good credit history

Also,

- having an account with the bank is not necessary and will not hinder the approval process of getting a credit card

The two possible reasons  behind the bank’s refusal to comply with Jessica’s request should be  she has a bad credit history  and she doesn't have a job.

The following information should be considered:

The bank should give her a credit card in the case when she should be 18 years old and also have the good credit history. Moreover, it is not necessary to have a bank account but also not hinder the approval process with regard to the credit card.  

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What is the correct strategy that Alejandra must use to deliver a negative message?

Alejandra is a customer relations manager at a toy company. A customer posted a complaint on the company’s social media page saying that one of its toys is unsafe for children. Alejandra should use a/an _______ strategy to respond to the situation.

Answers

Answer:

Apologize and come up with a new plan. Of course, you need to apologize, if you don't then that becomes a problem. (especially if they are a Karen.) After apologizing start to explain what you are going to do about it. For Example  Refunds, Store Credit, Replacement, Etc. To start off. Then fix the problem. Also, tell them that you are going to do so and so to fix it. Like creating anew toy or whatnot.  Hope this helps!  

Alejandra should apologise for the toys and introduce a new plan as the proper approach to conveying a bad message.

Alejandra Pizarnik notes in her diary in 1968, four years after her stay in Paris, "What most disturbs me since returning to this foreign country: the distance, or the voluntary distance, between the word and the deed. In the loosest sense, something seems literary, but one can distance oneself.

"On meurt à moins" (What frightens me most since returning to this foreign country: the gap between word and deed, or the desire for one. One can pass away from distance, despite the fact that this looks to be literary in the worst sense. "On dies less").

Alejandra Diarios, Barcelona: Lumen, 2003, p. 439, Pizarnik. … A recurring issue in this author's writings is the attempt to reunite act and poetry, which, according to Pizarnik, were split apart "por no sé qué error" ("through some kind of error").

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what are the two general areas of specialization in accounting?

Answers

Answer:

Financial Accounting. Financial accounting is an area of accounting that deals with the recording, classifying, reporting and interpreting of a business financial performance and economic conditions to interested users ...

Managerial Accounting. Managerial Accounting is an area of accounting that deals with accumulation of financial information and preparation of reports for internal users only, like the company’s management or ...

Cost Accounting. Cost Accounting is an area of accounting that captures and accumulates manufacturing or production costs for internal use of an entity’s management, used in decision making purpose.

Explanation:

this is for ap-ex learning

_____ is important because it helps you create a plan to complete all tasks.


A. A long-term goal


B. Prioritization


C. A short-term goal


D. An instant goal

Answers

Answer:

B. Prioritization

Explanation:

if that helped plz give brainiest.

Explain why is it useful to identify workers within a specialist area

Answers

it is useful to identify workers within a specialist area because if you need something done quickly and accurately, you can call the person who is really good at something, to help you without worrying if you wont complete the task on time.

It is useful to identify workers within a specialist area to ensure accuracy of work.

Specialist is a person who is qualified in a specific field of expertise and also performs work in the same field. Worker if belong to the specialist area can perform a task with ease and can also give relevant opinion related to the task. Worker if belong to the specialist are will ensure that the work is done correctly and their will be no fault in the work in future. For example, a plumber is often called to correct the drainage problem and to change defective taps and pipes all these tasks cannot be performed by other specialist like electrician who changes the screw and circuits.

Hence, it is useful to identify the worker within the specialist area to ensure the accuracy of the work done.

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what is a sender receiver model?

Answers

Answer:

the sendor receivor model is an expansion of the shannon-weaver model of communication

A woman sells her home for $450,000. She had purchased it for $300,000 and has lived there for three years. How much will she owe to IRS due to the gain on the sale.

Answers

Answer:

Everything

Explanation:

Which career pathways require workers to train at special academies?
EMTs and Emergency Dispatchers
Crossing Guards and Lifeguards
Police Officers and Firefighters
Lawyers and Judges

Answers

Answer:

Police Officers and Firefighters

Answer:

the correct answer would be police officers and firefighters

Explanation:

hope this helps:)

HELP ME PLEASE************

Answers

Answer:

The 1st one because I would want the product to be okay for me to use and not under pay for something that will harm me.

Explanation:

It is just plain facts!!!

How does fractional reserve banking increase the money supply in an economy?

A. It allows foreign currencies to be directly substituted for U.S. dollars.

B. It takes money deposited in banks and makes it available as loans.

C. It pressures depositors to withdraw money held in banks for long periods.

D. It requires the government to print money when deposit levels increase​

Answers

Answer:

B. It takes money deposited in banks and makes it available as loans.

It takes money deposited in banks and makes it available as loans does fractional reserve banking increase the money supply in an economy. Hence, option B is correct.

What is reserve banking?

The minimal amount of cash that financial institutions must keep on hand in order to comply with central bank standards is known as bank reserves. The bank must store this actual paper money in a vault on the property or in an account with the national bank.

A percentage of 100% indicates that the bank would have all of its customers' money available even if they all sought to withdraw it. Although this is undoubtedly a very secure method of banking, the way things have been put forth thus far, the bank would merely be serving as a safe. It would be incapable of lending any money.

A regional bank of the United States' central banking system, the Federal Reserve System, is known as a Federal Reserve Bank.

Thus, option B is correct.

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During the proofreading task of the completion stage of a business message, be sure to
O add hyperlinks to change the style of the message.
Oplan the printing and distribution of the message.
O rewrite to clarify any confusing content.
O review for errors in writing, design, and layout.

Answers

Answer:

Review for errors in writing, design, and layout.

Select the correct answer. Under which market structure does a company have the most power over product pricing?

A. oligopoly
B. perfect competition
C. monopolistic competition
D. monopoly

Answers

Answer:

D

Explanation:

I hope that I am right and have a great day

Answer:

Perfect Competition

Explanation:

I just took the test, good luck everyone!

Question 10 of 10
How can human resource managers avoid cultural misunderstandings when
interviewing and hiring an employee in another country?
A. They can require all applicants to speak in English.
B. They can require all interviewens to answer the same list of crucial
questions.
O C. They can partner with managers from each country as they
implement the hiring process.
O D. They can ask applicants to become familiar with the culture where
the company is based.

Answers

I think the answer could be either C or D

Answer:

They can partner with managers from each country as they implement the hiring process

Explanation:

A p e x

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