Financial Literacy 2023 with 100% correct questions and answers

What is financial literacy? the ability to use knowledge and skills to make effective and informed money management decisions. Personal financial literacy.... includes a range of money topics, from everyday skills such as balancing a checkbook to long-term planning for retirement. Income is... Money that an individual or business receives in exchange for providing a good or service or through investing capital. Wage is... when people get paid a certain amount of money for each hour they work. Salary is... when you earn a certain amount of money. no matter the hours work. A job is... short-term employment A career is... long-term employment A job or a career are chosen based on... interests and skills Skills are also learned through... experience A degree is... an academic award conferred by a university or college on successful completion of a course. There are 4 major degrees to obtain... Associate, Bachelor's, Master's, and Doctoral. An associate degree is... 2-year programs may provide the necessary training to prepare students for entry-level positions. A bachelor's degree is... an undergraduate program that usually takes four years to complete. Graduates from a bachelor's degree program are qualified... to work in entry- or management-level positions, depending on the field. A master's degree is... a graduate program that let students specialize in an area of study and typically take 1-2 years to complete. Earning a master's degree may qualify graduates... to work in advanced or executive-level positions. A Doctoral program... is the most advanced type of degree program available. A Master's degree is usually.... required before being admitted into a Doctoral program. Completing a doctoral (Ph.D. program) usually takes several years. Doctoral (Ph.D. graduates)... are qualified to work as experts in areas of business or research, as well as professors at the university level Certification is... to award a certificate to (a person) attesting to the completion of a course of study or the passing of a qualifying examination. A license is... a certificate, tag, plate, etc., giving proof of such permission to do something. There are two types of skill sets... Technical and Entrepreneurial Technical skills are... those abilities acquired through learning and practice. They are often job or task specific; in other words, a particular skill set or proficiency required to perform a specific job or task Entrepreneurial skills are... when someone uses their own talents to start their own business. There are three main categories of experience entry-level, internship, and apprenticeship. Entry-Level jobs are... a job that generally requires little skill and knowledge, and is generally of a low pay. These jobs may require physical strength or some on-site training. An internship is... a temporary position with an emphasis on on-the-job training rather than merely employment, and it can be paid or unpaid. Apprenticeship is... a person who works for another in order to learn a trade