UGBA 135 UPDATED COMPREHENSIVE ALL
QUESTIONS AND ANSWERS SURE A+
✔✔T or F: It is legal in all US states for employers to ask you what your salary was at
your past job. - ✔✔False
✔✔When negotiating your compensation for a job you applied for at a new company,
who should be your main contact for the negotiation?
A. Your friend who works at the company
B.. Your supervisor from a previous company
C. Your hiring manager
D. The HR department - ✔✔C. Your hiring manager
✔✔Before beginning a negotiation on any topic, you should have already done your
research and have set clear points for which of the following?
A. Aspiration point
B. Resistance point
C. Advantage point
D. Demand point - ✔✔A. Aspiration point
B. Resistance point
✔✔You are evaluating an job offer you just received from CoolCompany, your top
choice employer. You should now...
A. Delay responding to the HR recruiter for weeks, hoping they will offer you more
money.
B. Accept the offer immediately.
C. Focus on only the salary number and ignore the rest of the compensation package.
D. Gather competing offers from other firms and tell CoolCompany to beat those offers
or you will not work for their company.
, E. Request a few days to think about their offer. - ✔✔E. Request a few days to think
about their offer.
✔✔If you are considering job offers from 3 different companies, what is the best order
for you to negotiate compensation packages with the companies?
Firm A: you feel least excited about
Firm B: you feel neutral about
Firm C: you feel most excited about
A. A then B then C
B. C then B then A
C. A then C then B
D. B then C then A
E. C then A then B - ✔✔B. C then B then A
✔✔Which of the following is a good use of a security fund (also called an emergency
fund or a rainy day fund)?
A. To purchase the latest model Android or iPhone
B. To take the place of health insurance
C. To help you pay your bills if you lose your job
D. To go skiing on a weekend after a good snowstorm - ✔✔C. To help you pay your
bills if you lose your job
✔✔T or F: Most people's emergency (security or rainy day) fund should be invested in
the stock market. - ✔✔False
✔✔Should most people save first for retirement or for their children's education?
A. Neither, Social Security will take care of most people's retirement needs and their
children will get scholarships.
B. Their retirement
C. Their children's education - ✔✔B. Their retirement
✔✔Suppose you put $100 in a bank savings account that pays 7% annual interest (and
charges no annual fee). You keep that money in the account for two years (with no
withdrawals or additional deposits). How much money will you have at the end of two
years?
A. $100
B. $114
C. Less than $100
D. More than $114
E. $107 - ✔✔D. More than $114
QUESTIONS AND ANSWERS SURE A+
✔✔T or F: It is legal in all US states for employers to ask you what your salary was at
your past job. - ✔✔False
✔✔When negotiating your compensation for a job you applied for at a new company,
who should be your main contact for the negotiation?
A. Your friend who works at the company
B.. Your supervisor from a previous company
C. Your hiring manager
D. The HR department - ✔✔C. Your hiring manager
✔✔Before beginning a negotiation on any topic, you should have already done your
research and have set clear points for which of the following?
A. Aspiration point
B. Resistance point
C. Advantage point
D. Demand point - ✔✔A. Aspiration point
B. Resistance point
✔✔You are evaluating an job offer you just received from CoolCompany, your top
choice employer. You should now...
A. Delay responding to the HR recruiter for weeks, hoping they will offer you more
money.
B. Accept the offer immediately.
C. Focus on only the salary number and ignore the rest of the compensation package.
D. Gather competing offers from other firms and tell CoolCompany to beat those offers
or you will not work for their company.
, E. Request a few days to think about their offer. - ✔✔E. Request a few days to think
about their offer.
✔✔If you are considering job offers from 3 different companies, what is the best order
for you to negotiate compensation packages with the companies?
Firm A: you feel least excited about
Firm B: you feel neutral about
Firm C: you feel most excited about
A. A then B then C
B. C then B then A
C. A then C then B
D. B then C then A
E. C then A then B - ✔✔B. C then B then A
✔✔Which of the following is a good use of a security fund (also called an emergency
fund or a rainy day fund)?
A. To purchase the latest model Android or iPhone
B. To take the place of health insurance
C. To help you pay your bills if you lose your job
D. To go skiing on a weekend after a good snowstorm - ✔✔C. To help you pay your
bills if you lose your job
✔✔T or F: Most people's emergency (security or rainy day) fund should be invested in
the stock market. - ✔✔False
✔✔Should most people save first for retirement or for their children's education?
A. Neither, Social Security will take care of most people's retirement needs and their
children will get scholarships.
B. Their retirement
C. Their children's education - ✔✔B. Their retirement
✔✔Suppose you put $100 in a bank savings account that pays 7% annual interest (and
charges no annual fee). You keep that money in the account for two years (with no
withdrawals or additional deposits). How much money will you have at the end of two
years?
A. $100
B. $114
C. Less than $100
D. More than $114
E. $107 - ✔✔D. More than $114
