Deck 4: Maximize Your Resources

Question 1

Mitch is a nontraditional student just starting a degree program.He feels he is virtually technology illiterate.He needs to prepare for his first class and he does not own a computer.Which first step is likely to promote academic success for this student?

A)He should purchase a computer and the necessary software for his first class.
B)He should seek support at the school's computer lab and inquire about workshops.
C)He should apply the ABC Method of Self-Management to promote academic success.
D)He should explore the school's resources on technological literacy.

Answer 1

B

Question 2

Abbey has a 15-page term paper due in her political science class, which will require a lot of research.She is nervous because in high school she only used either the Encyclopedia or online resources for conducting her research.She'd like to make more use of what the school's library has to offer; however, she is not sure where to start.What should be her first step?

A)Ask a librarian.
B)Search the library's web site.
C)Use specialized libraries.
D)Reserve media materials on the topic at the library's media center.

Answer 2

A

Question 3

Caitlin wants to be a teacher when she graduates.She is very friendly toward others in her classes and contributes to class discussions thoughtfully.She has made it a point to get to know her instructors by stopping in during office hours and has joined a service learning group focused on teaching reading skills to speakers of English as a Second Language.Caitlin is making an effort in building:

A)career relationships.
B)peer relationships.
C)networking relationships.
D)mentoring relationships.

Answer 3

C

Question 4

Many schools are offering nontraditional students access to additional resources such as:

A)specialized health and fitness facilities.
B)an office for credit for prior experience.
C)clubs and organizations.
D)an office for alternative programs.

Question 5

Doug is a student with a learning disability in reading.He has a resourceful attitude and has been assertive in meeting with his instructors to arrange for extended time in his assignments and tests, and to take tests orally.He is still feeling overwhelmed with the responsibilities of college work.He should:

A)create a positive mind shift.
B)meet with his academic advisor and map out a plan for success.
C)ask for lectures to be transcribed.
D)network with students in similar situations.

Question 6

Shelley wants to start a study group.She is observing others in the class to see who may be viable candidates.It is best she focus on:

A)responsible and thoughtful behavior.
B)personality traits.
C)flexibility.
D)others' learning styles.

Question 7

Blair had a difficult time with one of her professors in one of her core major classes last semester.She wants to learn from someone more aligned with her learning style.Which school resource would be most appropriate for her situation?

A)mentor
B)academic advisor
C)job placement services
D)academic support services

Question 8

Shane is working out his financial plan for college.What is his best option if he wants to be able to concentrate on his studies, finish his program early and keep his debt low?

A)Savings and credit cards
B)Federal loans
C)A Pell grant and federal loans
D)Work study and non-governmental loans

Question 9

According to the chapter, the 2009 Credit Card Responsibility and Disclosure Act:

A)requires credit cards companies to disclose specific reasons for increasing interest rates.
B)requires persons under 21 to show independent income or use a co-signer to acquire a credit card.
C)prohibits credit card companies from charging more than 18% interest.
D)requires students to disclose expected college loan debt when applying for a credit card.

Question 10

Which situation below is a sign you could be in financial trouble?

A)You make only the monthly payments on credit cards.
B)You pay off balances month-to-month.
C)You have little savings.
D)You are only slowly bringing down your credit card balances.

Question 11

You are researching specific laws in your Environmental Law class.Which resource is your best option in finding the information you are looking for?

A)online resource
B)environmental agency
C)specialized library
D)environmental law professional

Question 12

What medical issue could result in a delay in the registration process?

A)alcohol or drug dependency
B)mental health
C)vaccinations
D)annual physical examination

Question 13

Despite their best efforts, Bob and Jamal are not getting along with their roommate Carl.They would like to ask him to transfer to a different room; however, the campus is overcrowded.What should they do?

A)They should seek mediation services.
B)They should identify the problems and address these with Carl.
C)They should seek legal aid.
D)They should seek counseling services.

Question 14

Jessica is a busy college senior, finishing up classes and looking for a permanent job.She knows she wants to double her savings account by the end of the year.How might she achieve her goal?

A)apply the Adult Learning Cycle to Managing Financial Resources
B)get a weekend job
C)commit to the work study program at school
D)pay her bills on time

Question 15

If students are looking for professional advice, an internship, networking, or career opportunities, they should probably:

A)approach the Small Business Administration.
B)enlist in job placement services.
C)research community clubs and organizations.
D)volunteer for or join a professional group in their field of study.

Question 16

In what way are you a great resource?

A)Because only you know what you need.
B)Because you need to trust your own judgment above that of others.
C)Because you have put yourself into a school or work community with much to offer.
D)Because you already possess the power to change your life if you claim it and use it consistently.

Question 17

Sasha is a veteran of the War in Afghanistan where she worked in the medical core as a nurse.Her experience has prompted her to seek a medical degree in psychiatry.She understands the sacrifices she must make in commitment and financing to obtain the degree.Her job as an RN will not cover her tuition expenses.She's decided to apply for scholarships, grants, and research positions at the college she will be attending.From what other source is Sasha in particular likely to financial help?

A)work study
B)internships
C)fellowships
D)Veterans Programs

Question 18

Selena is conducting online research for her term paper.She has come across a lot of valuable information, but she is not confident in some of the sources of the information.Her best option would be to:

A)Ask her professor if he/she will accept the resource.
B)Ask the librarian if the resource is legitimate.
C)Conduct a Google search on the author to determine their legitimacy.
D)Use the information if it is vital to her paper and be sure to cite the resource correctly.

Question 19

Sue's credit card company called to inform her she was overdrawn by $54.She thanks the caller, immediately hung up, checked her account online and paid the overdraft and penalty fee.In this situation, Sue made a:

A)rushed decision.
B)wise decision.
C)risky decision.
D)timely decision.

Question 20

What school resource should you use to ensure you are meeting all of your graduation requirements?

A)Academic Advisor
B)Records Office
C)Admissions Office
D)Transcript Evaluator

Question 21

Part of the benefit of being involved in a study group is that you can apply the Adult Learning Cycle by speaking and listening to others.

Question 22

Myra has a broken leg and must use crutches.She is in her first year of school in Maine, she is a commuter, and it is winter.She cannot drive or rely on friends to take her to and from campus when they have different schedules than her.Once she is on campus, she has difficulty managing the hills on crutches, especially when the sidewalks have ice and snow.There is no public transportation that provides a route near her house to school.From what you've read in the chapter about identifying school resources, what program or person should Myra contact first?

A)Academic Advisor
B)Health Center
C)Students with Disabilities Services
D)Her instructors

Question 23

Tia began investing $3,000 per year in a tax-deferred retirement plan at age 25 and stopped investing at age 45.At age 35, Sylvia began investing $3,000 per year in the same type of retirement plan and stopped contributing at age 60.Both retirement plans yield a 7% annual return compounded monthly.When both women turn 65, which scenario is more likely?

A)Sylvia contributed more money to her retirement savings, therefore her investment will grow more than Tia's.
B)Since Tia began contributing to her retirement savings plan early, and stopped early, her investment is exposed to greater risk in the market, and is likely to remain stagnant.
C)The extra 5 years that Sylvia contributed to her retirement plan will yield more money in the near term than the annual return Tia's investment will yield in the long term.
D)The extra 5 years that Sylvia contributes to her retirement plan will yield less money in the near term than the annual return Tia's investment will yield in the long term.

Question 24

Chet is a nontraditional student and commutes to school.He feels out of touch with the college he is attending because he is too old to get involved with the activities designed to meet other students, and he is the oldest student in most of his classes.One of the best ways to get involved would be to form or join a study group.

Question 25

Becky has not yet declared her major and is still not sure what she wants to choose.Her best resource would be the Career Center.

Question 26

Many schools have implemented "e-lert" systems to contact students via email, phone, or text message for services ranging from academic deadlines and paying bills on time, to notices of class cancellations or safety emergencies.

Question 27

Shannon and her friends went to dinner, and she forgot to bring cash.She offered to pay the bill, and people could pay her for their portion now or later with the plan to pay the expense back when she got her bill.This was an unwise financial decision.

Question 28

Baird is having trouble paying his bills.To take control of his financial situation, he has created a budget and inventoried his everyday expenses to see where most of his money is going.He should have considered seeking out professional advice first.

Question 29

If you do not feel comfortable with your academic advisor, you should check to see if you can switch to a different advisor.

Question 30

Government legislation regarding student loan availability, interest rates and debt forgiveness has been static since 1976.

Question 31

By law, you are entitled to one credit report per year from one of the three credit agencies.

Question 32

Daniel is a college junior living off campus with roommates who split all of their bills evenly.Beyond grants and loans, he is involved in the work-study program at school to help pay for his tuition.Each summer he works for his uncle to earn money to help pay for his living expenses at school.He lives close to campus and rides his bike to school.Although he has plenty in his savings account to cover his books and living expenses, he has no extra spending money.He has considered getting another job, but he feels this will affect his studies.He has been thinking about using his credit card to pay for some of the extras like taking trips with friends, or paying for party supplies when his turn arises.Which course of action will put Daniel on the right path financially?

A)Daniel should project his future leisure expenses and give himself a cap of how much money he will spend on the credit card based on his ability to work extra hours next summer to pay off the debt he accrues throughout the year.
B)Daniel should persuade his roommates to change their behavior in order to save money on their bills, as this would put extra money in all of their pockets.
C)Daniel should either get a job to cover his extra expenses, or not incur the expenses.
D)Daniel should apply the ABC Method of Self Management in reaching financial goals.

Question 33

Under the Americans with Disabilities Act, colleges are legally obligated to provide services and resources for students with disabilities.Accommodations that may be made for students with disabilities include transcribing lectures, extended time for tests, and taking oral tests.

Question 34

The primary focus of service learning is to help student acquire job skills.

Question 35

Returning students often struggle more with academic work than traditional students

Question 36

If you get a payday loan and fail to pay it back on time the fee is usually minimal; therefore it is better to get this type of loan versus others.

Question 37

Students looking to get involved in programs promoting diversity should visit the Student Activities Office for more information.

Question 38

Chris attends all of his classes and does his homework, and he is passing all of his classes.Lately he has been having a lot of issues with friends that affect his ability to focus on school.He tries to manage interruptions by studying at the library but when he is there, his mind wanders to his friends' troubles.In the past two weeks, he has noticed his grades slipping at the same time that his friends' issues are getting worse.He feels pulled in two directions and is afraid of the consequences if he cannot dedicate himself completely to both areas in his life.Now Chris feels he is in crisis.What is his best option?

A)Chris should go to the counseling center.
B)Chris should choose one area to focus on or the other, as he cannot tend to both without feeling in crisis.
C)Chris should explain his situation to his academic advisor to seek suggestions.
D)Chris should continue to try to manage his friends' issues and his schoolwork.

Question 39

The Consumer Credit Counseling Service (CCCS) provides individuals and families advisement in debt repayment and/or cancellation.

Question 40

Commuter students who make an effort to get involved or join a club are more likely to graduate.

Question 41

Based on what you have read in the chapter, describe yourself as a student both in academics and in managing your financial resources.Provide a goal in your academic life and a financial goal.Explain how you will be your greatest resource for success in your academic and financial goals.Cite at least 6 resources from the chapter you will utilize to reach peak performance in these areas.

Question 42

Mark is a nontraditional student with a full time job.He does not spend more than he earns, keeps a monthly budget, stays healthy, looks for free opportunities, pays the minimum on his credit card balance, looks for free opportunities to add discretionary spending money in his savings account, and conserves energy or takes public transportation whenever possible.He is on a strong path toward optimal future savings.

Question 43

If you are not enrolled in college, there is little chance of finding an affordable fitness center.

Question 44

Ania is a nontraditional student starting classes in a new field after being laid off from her position as a retail sales manager.She is a wife and mother of two children.She and her husband have not taken out student loans before, and they are concerned about the costs of paying for her schooling while they are trying to save for retirement and their children's schooling on one salary.They have a meager savings account but significant retirement savings and have been contributing to their children's college fund.They also have credit card debt they had been paying off in large lump sums until Ania lost her job.Given Ania's situation, what would be your advice to her in managing the family's financial resources and loan to pay for school? Use at least 5 resources and/or strategies from the chapter to support your answer.

Question 45

Aaron has lost control of his finances and has been getting calls from debt collectors.His first step should be to create a monthly budget and apply the Adult Learning Cycle to managing his financial resources in order to pay off his debts.

Question 46

Jenna is 22 and makes $18,000 per year.She has made some tough tradeoffs and sacrifices to ensure she is spending less than she is earning.She has a few discretionary dollars left each month, which she keeps in her savings account.Her parents have urged her to put some of that discretionary money into a retirement savings plan at work but she feels she'd rather build her savings account for a safety net and will contribute to a retirement savings plan when she is earning a higher salary.Jenna is making a financially wise decision.

Question 47

Serena and her husband Steve have both taken on a lot of financial debt to earn Bachelor's degrees.They live a pretty comfortable lifestyle, having the money to spend on the extras they enjoy in life.Between the two of them, they earn $160,000 annually, but they also owe $120,000 in student loans.Their monthly student loan payments eat up much of their earnings that would otherwise go into savings, and retirement savings.Serena has been unhappy in her work and wants to go back to school to earn a masters degree in an area that will promise a better job and salary.Apply what you have learned about critical thinking and managing financial resources to offer Serena and Steve sound advice toward increasing their savings and retirement accounts.

Question 48

Bill is a college freshman living off campus in his own apartment.He lives close enough to the campus to ride his bike and takes the bus to get to his job.He has transferred his gym membership to the facility near his school.He has a credit card; however, he does not use it.He has created a budget as follows:
Monthly Expenses:
Tuition is paid by loan directly.
Books $100
Rent $550
Utilities/cell $250
Transportation $30
Laundry $30
Food/household items $500
Entertainment $200
Health/Fitness $40
Total: $1,700
Monthly Income:
Summer Savings $350
Loan $800
Job (after taxes) $600
Total: $1,700
Based on what you have read about managing financial resources, what are some strengths and weaknesses you see in Bill's financial management? What should be Bill's financial goal? What recommendations would you make for him to reach this goal? Use specifics from the chapter to support your recommendations.

Question 49

Steven just got accepted into the college near his home.He is a traditional student commuting to campus.He is nervous about not feeling connected to the campus like peers living in the dorms.He is also not sure about what degree he wants to pursue so he is starting off with some general coursework while he explores possible majors.Once he chooses a major, he wants to gain hands-on experience within his chosen profession to expand his networking opportunities.He is also interested in getting involved in international work and would like to travel abroad.He requires financial assistance to attend school.Given these circumstances, lead Steven through the steps he should take to achieve his goals and academic success.Use at least 10 resources and/or strategies in the chapter to support your answer.

Question 50

Joel is a nontraditional student returning to school after earning his associates degree a decade ago.In his first semester back at school, he has realized he needs to improve his time management, organization, and note-taking strategies if he wants to get through his bachelor's program with a decent GPA.He has noticed that his input in class seems to be appreciated by some of the younger people just because he has on-the-job knowledge in the industry.When in class, a natural group seems to form around him, which consists of high achievers.Help Joel solve his dilemma based on what you have learned about critical thinking, and collaboration.