PCC Final Exam, 2026 – Law & Ethics Study Guide
Entrepreneurship - correct answer ✔✔ working for a company, able to use your creativity to
make new ideas.
Apprenticeship - correct answer ✔✔ learning a skill or trade from someone who has already
mastered the skill.
Post-Secondary School - correct answer ✔✔ an educational program beyond a high school
degree.
Technical and Vocational Program - correct answer ✔✔ education and training which provides
knowledge and skills for employment (2 year program)(earn professional certificate).
Entrepreneurship - correct answer ✔✔ the activity of setting up a business or businesses, taking
on financial risks in the hope of profit.
Work Study Program - correct answer ✔✔ a job you can do in school to help pay for your
expenses/finances.
Scholarship - correct answer ✔✔ a grant you can earn (don't pay back)
Financial Aid - correct answer ✔✔ money you receive from an outside source to help pay for
education.
Internship - correct answer ✔✔ the position of a student who works in an organization,
sometimes without pay, in order to gain work experience or satisfy requirements for a
qualification.
, Process - correct answer ✔✔ a series of actions or steps taken to achieve an end
Consequences - correct answer ✔✔ a result or effect of an action or condition.
Probability - correct answer ✔✔ likelihood that a particular event will occur
Formula - correct answer ✔✔ a rule or method for doing something
Problem - correct answer ✔✔ a situation that is unwelcoming or challenging, needing to be
overcome.
FAFSA - correct answer ✔✔ Free Application for Federal Student Aid; determines how much
financial aid a student may receive.
Merit Raise - correct answer ✔✔ a raise in pay based on a set of criteria set by the employer
(not everyone gets these).
Goal - correct answer ✔✔ something you work towards to achieve.
Objective - correct answer ✔✔ something you do without emotion.
Subjective - correct answer ✔✔ based on or influenced by personal feelings, tastes, or opinions.
Want - correct answer ✔✔ have a desire to possess or do something.
Entrepreneurship - correct answer ✔✔ working for a company, able to use your creativity to
make new ideas.
Apprenticeship - correct answer ✔✔ learning a skill or trade from someone who has already
mastered the skill.
Post-Secondary School - correct answer ✔✔ an educational program beyond a high school
degree.
Technical and Vocational Program - correct answer ✔✔ education and training which provides
knowledge and skills for employment (2 year program)(earn professional certificate).
Entrepreneurship - correct answer ✔✔ the activity of setting up a business or businesses, taking
on financial risks in the hope of profit.
Work Study Program - correct answer ✔✔ a job you can do in school to help pay for your
expenses/finances.
Scholarship - correct answer ✔✔ a grant you can earn (don't pay back)
Financial Aid - correct answer ✔✔ money you receive from an outside source to help pay for
education.
Internship - correct answer ✔✔ the position of a student who works in an organization,
sometimes without pay, in order to gain work experience or satisfy requirements for a
qualification.
, Process - correct answer ✔✔ a series of actions or steps taken to achieve an end
Consequences - correct answer ✔✔ a result or effect of an action or condition.
Probability - correct answer ✔✔ likelihood that a particular event will occur
Formula - correct answer ✔✔ a rule or method for doing something
Problem - correct answer ✔✔ a situation that is unwelcoming or challenging, needing to be
overcome.
FAFSA - correct answer ✔✔ Free Application for Federal Student Aid; determines how much
financial aid a student may receive.
Merit Raise - correct answer ✔✔ a raise in pay based on a set of criteria set by the employer
(not everyone gets these).
Goal - correct answer ✔✔ something you work towards to achieve.
Objective - correct answer ✔✔ something you do without emotion.
Subjective - correct answer ✔✔ based on or influenced by personal feelings, tastes, or opinions.
Want - correct answer ✔✔ have a desire to possess or do something.
