Decisions test out full review

Four parts of the communication cycle

sender, messenger, receiver, feedback

3 examples of interference in the communication cycle

sound, not listening, message not arriving

4 types of communication

verbal, nonverbal, listening, written

3 blocks to communication

distractions, emotional blocks, planning your response

intrinsic motivation

actions derived from internal rewards (cleaning your room because it will make you want to do other tasks)

extrinsic motivation

a motivation to take actions that lead to reward (your mom pays you to clean your room)

What is the minimum age of employment in Michigan?

14

When do teenagers have to have a work permit?

Before they start the job

Do you need your school district's approval before starting a job?

yes

What is the minimum hourly wage for 16-17 year olds in Michigan?

$8.20

Can a minor be a delivery driver?

no

What is the total number of hours a 16-17 can work while school is IN session?

25 hours

What is the total number of hours a 16-17 year old can work while school is OUT of session?

48 hours

How many hours can a minor work before getting a 30 minute rest/food break?

5 hours

On Mondays-Thursdays, what times can minor start work and have to end working?

Start at 6 am and end at 10:30

Can a minor ever work more than 10 hours in a day?

no

If a student is homeschooled or online, can they work during the day?

no

List 3 important do's and don'ts for job applications

spell everything correctly, be as neat as possible, and don't use a friend as a reference

What are the 4 areas that resumes need to summarize?

work experience, skills, achievements, and interests

How long should a high school resume be?

No longer than a page

Should your resume use sentences/paragraphs or phrases with verb diven bullet points?

phrases with verb driven bullet points

3 buzzwords that can be helpful to use on a resume

achieved, employed, organized

3 tips on how to interview correctly

dress nicely, make eye contact, don't run on with your answers

hourly wage employee

someone who gets paid by the hour

salary employee

someone who gets paid a certain amount a year no matter how much they work

gross pay

the amount of money you get paid before deductions

net pay

the amount of money you get paid after deductions

witholding

partial payment of your annual income taxes that is directly sent to the government

deductions

allows you to deduct from your paycheck before paying taxes

interest

money paid regularly at a particular rate

savings account

an account you can put money in for long term and can earn interest on

certificate of deposite

certificate issued by a bank to a person depositing money for a specific length of time

bonds

IOU certifying that you loaned money to a government or corporation and outlines terms of agreement

stocks

represent ownership of a corporation; stockholders own a share of a company and are entitled to a share of the profits

real estate

houses, buildings, land, etc.

retirement accounts

specific plans that help people set aside money for retirement

types of retirement accounts

individual retirement account (IRA), 401(k), 403(b)

How long is a short term savings goal?

fewer than two months; buying a pair of shoes, concert tickets, a present for a friend

how long is a medium term savings goal?

two months up to three years; saving money for a vacations, new furniture

how long is a long term saving goal?

three or more years to achieve; buy a new car, paying for college, buying a house

fixed expense

expenses that remain the same from month to month; rent, mortgage, car payments

variable/flexible expense

expenses that change from month to month; gas for car, food, cell phone bill

occasional/periodic expense

expenses that occur once or a few times a year; car maintenance, medical or dental check ups

planned expense

expenses that are expected or planned for; new furniture, birthday presents

unplanned expense

expenses for emergencies, an urgent need, or an impulse purchase; unplanned car repairs, home appliance breaking

In terms of budgeting, what does it mean to pay yourself first?

make sure you have enough money for bills and other expenses before you buy something that is not necessary

difference between credit cards and debit cards

debit card withdrawals money from a band account (checking or savings) while a credit card creates a loan (pay now vs pay later)

interest rate

the price a lender charges for loaning money

annual fee

an annual fee from a credit card company for using their card

balance

the amount of money owed; when a consumer doesn't pay the monthly payment owed in full, the money that is still owed is called the balance

credit limit/line

amount of money that can be charged to a credit card

Annual Percentage Rate (APR)

the interest rate charged on credit card balances; this rate is applied each month that an outstanding balance occurs; may increase if a person does NOT make regular payment

finance charge

total cost of borrowing money, including interest and fees

grace period

time allowed to pay your credit card bill without having to pay interest; most credit cards do not give a grace period for cash advances and balance transfers; if there is no grace period, the interest charges start right away

cash advance

a cash loan from a credit card; the interest rate on a cash advance is significantly higher than on purchases or balance transfers; a transaction fee is usually charged as well

transaction fee

a fee charged when transferring or completing a transaction; the fee is a percentage of the charge

minimum payment

the lowest amount of money you are required to pay each month

late fee

a fee charged to the borrower who misses paying at least their minimum payment by the payment deadline

reward card

a credit card carrying an incentive, typically involving cash back, merchandise discounts, or frequent flyer points

What are the 3 main choices students have after they graduate high school?

enter the workforce, join the military, go to college

When you fill out the FAFSA, which 3 types of financial aid are you applying for?

grants, work-study, loans

What are loans?

borrowed money for college or career school; you must repay your loans with interest

what are grants?

financial aid that doesn't have to be repaid

what is work-study?

a work program through which you earn money to help you pay for school

what are scholarships?

a grant or payment made to support a student's education, awarded on the basis of academic or other achievement

what is the federal pell grant?

doesn't have to be repaid; awarded only to undergraduate students who have not earned a bachelor's degree or professional degree

why is it better to use federal student loans instead of a private bank student loan?

it doesn't have to be rapid and does not collect interest

what are subsidized loans?

loans backed by the government and will not accrue interest until you graduate and start making payments

what are unsubsidized loans?

loans will start accruing interest from the time the loan is taken out; you must reapply for the loan each year, and the terms may change each time you reapply

what is a PLUS loan?

student loan offered to parents of students enrolled at least half time, or graduate and professional students

what is a Perkins loan?

a need based student loan to assist american college students in funding their college education

what is the grace period for federal student loans?

6 months

how long is a standard repayment period of a federal student loan?

10 years

what is an income-based repayment plan for federal students loans?

payments based on income, not amount owed

what is a graduated repayment plan for federal student loans?

initially low payments that increase every two years

what is a negative about using an extended/income-based/graduated repayment plan?

they are the lowest payment for borrowers

what does it mean to consolidate your student loans?

get a new student loan that pays off all existing student loans

what is student loan forgiveness and who can receive it?

a program by the federal government to encourage young people to consider giving back to society by performing public service

what are two options for a person who cannot make payments on their student loans because of financial hardship?

deferment or forbearance

explain the health triangle

physical, social, and mental health

mental health

includes our emotional, psychological, and social well being; affects how we think, feel, and act

3 factors contributing to mental health problems

biological factors, life experiences, family history of mental illness

2 examples of behaviors at the healthy stage

performing well and normal sleep patterns

2 examples of behaviors at the reacting stage

nervousness and sadness

examples of behaviors at the ill stage

depression, anxiety, constant fatigue

what are the 2 types of stress?

distress and eustress

what are the 2 types of distress?

chronic and episodic

chronic stress example

abuse

episodic stress example

bad test grade

eustress example

prom, vacation

what are two of the stress hormones that are released during a stress response?

adrenaline and cortisol

explain why the physiological stress response was important for humans hundreds of years ago but can be negative to humans currently

they needed it for their fight or flight response for hunting

list 2 physical effects of stress

headache, fatigue

list 2 mental effects of stress

anxiety, restlessness

list 2 social effects of stress

oversleeping, drug abuse

list 2 examples of how to cope with stress that can relieve tension or provide relaxation

yoga, music

schizophrenia

hear voices in your head, hard to focus on one thing, isolating yourself and increased thoughts that are unusual

anxiety

can't calm yourself down, worry about daily tasks, thing, behave, and react differently

ocd

feel like you need to make everything perfect or right, see nightmares or think bad thoughts, having different types of obsessions, has compulsions to try and stop obsessions

depression

sleep isn't easy, changes in appetite, loss of energy, suicidal thoughts