Topic Test Answers

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21
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An existing business can be for sale because _____.

A
the owners are retiring
B
the owners are entering a new business
C
the business is losing money
D
all of the above
22
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A privately run institute that trains students for a particular profession is called a _____.

A
vocational-technical center
B
trade school
C
community college
D
apprenticeship
23

There are pros and cons for doing temp work.

A
T
B
F
24

An arrangement in which local businesses team up with schools, hiring students to perform jobs that use knowledge and skills taught in their school classes is called a _____.

A
Vocational Education Program
B
Cooperative Program
C
Internship
D
Service Learning
25

Websites whose URL’s contain tildes (~) are usually published by the government.

A
T
B
F
26

Jefferson is interested in starting his own business. He plans to borrow money from the local bank in order to finance the business. They will require him to submit a business plan and a(n) _____.

A
buy-out plan
B
income statement
C
partnership agreement
D
financial plan
27

The older a Website is, the more credible it is.

A
T
B
F
28

Four-year colleges and universities usually accept transfer credits from _____.

A
community and technical colleges
B
trade schools
C
apprenticeships
D
vocational-technical centers
29

_____ is short-term employment that may allow you to develop contacts that may help in finding a permanent job

A
Part-time work
B
Temp work
C
A cooperative program
D
Informal work
30

The expenses involved in going into business, such as buying a space and purchasing equipment, are examples of _____.

A
marketing funds
B
start-up costs
C
financial plans
D
operating expenses
31

The three traits an entrepreneur must possess to be successful are _____.

A
motivation, humility, and decision making
B
conflict management, motivation, and decision making
C
sight & foresight, decision making, and motivation
D
humility, conflict management, and sight & foresight
32

One of the important questions Jerome needs answered about his potential career is whether he will be working outdoors, because he does not want to spend all of his time in an office. Jerome’s question is regarding his _____.

A
work hours
B
salary and benefits
C
education and training
D
work environment
33

Who does work-based learning benefit?

A
Students
B
Employers
C
Schools
D
All of the above
34

According to the chart, which degree would you have to earn in order to make the most amount of money?

Question illustration
A
Associate’s Degree
B
Doctoral Degree
C
High School Diploma
D
Professional Degree
35

Which of the following statements about short-term goals is false?

A
An example of a short-term goal would be “buy a house in 2 years.”
B
You can work on a short-term goal immediately.
C
Short-term goals can be accomplished quickly.
D
Your short-term goals should be specific.
36

When conducting research, you should check gathered information against other sources to make sure it is credible.

A
T
B
F

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