Final answer:
The SkillsUSA framework does not include 'Financial literacy' as one of its core components, though it is a critical aspect of personal and professional development. Personal financial literacy encompasses skills such as investment management, savings, responsible borrowing, and money management.
Step-by-step explanation:
The SkillsUSA framework is designed to empower its members to become world-class workers, leaders, and responsible American citizens, focusing on three main aspects: personal skills, workplace skills, and technical skills grounded in academics. The options provided in the multiple-choice question relate to the various competencies within the SkillsUSA framework, except for one. Among the choices offered, 'Professional development,' 'Workplace ethics,' and 'Personal skills' are all integral components of the SkillsUSA framework. However, 'Financial literacy,' while important for personal and professional success, is not specifically highlighted as one of the core components of the SkillsUSA framework.
Personal Financial Literacy refers to the knowledge and skills one possesses to make responsible and effective financial decisions - a vital component for individual success. It encompasses a range of topics including investment strategies, savings plans, loan types, credit scores, debt management, and understanding financial markets. These skills are essential for developing strategies to manage personal finances, including how to become a wise investor, start a savings program, maintain a checking account, understand loan options, responsibilities when borrowing money, and improve one's credit score.