Becoming an Entrepreneur — Unit test Answers

35 verified answers6 views
32
Free Preview

A(n) _____ is a general belief about a person or group of people that may not be true.

A
prestige
B
culture
C
occupation
D
stereotype
33
Free Preview

In order for the economy to be strong, individuals must _____.

A
produce goods and pay workers
B
provide labor and pay workers
C
produce goods and buy goods
D
provide labor and buy goods
34

The following factors affect the labor market EXCEPT:

A
Government actions
B
Social change
C
Population shifts
D
Teamwork
35

According to the US Bureau of Labor, the average American will have more than 8 different jobs by the age of 32. How can having several different jobs help you in your career?

Answer not available
36

List three things you should consider when selecting a career.

Answer:

When selecting a career, you should consider desired lifestyle, skills, interests, how you spend your time, energy, and resources.

37

What is one advantage and one disadvantage of the global economy for American workers?

Answer not available
38

Job satisfaction can be lost for all of the following reasons EXCEPT:

A
Lack of opportunities for promotion
B
Bickering with co-workers
C
Being recognized for a job well done
D
Having little or no say in decisions that affect you
39

What are the four steps you can take if you are at risk of becoming unemployed? Explain each answer.

Answer:

Be aware – pay attention to the economy, changes in the industry, etc. Plan Ahead – know what you will do, have a resume ready, apply for jobs, Save money – know that you may not be able to get a job right away, or maybe won’t be able to make as much money Get Additional Education - especially in industries where there isn’t demand for your job anymore, you may need to go to school to learn new skills, or to keep up with changing technology

40

Discuss how the workplace is changing and why it is important to understand workplace trends.

Answer not available
41

Suppose you are interested in working in a formal workplace. What are three jobs you might like?

Answer not available
42

The three legal forms of business ownership are _____.

A
sole proprietorship, partnership, and franchise
B
sole proprietorship, franchise, and corporation
C
partnership, franchise, and corporation
D
partnership, sole proprietorship, and corporation
43

List 5 of your personal interests. List 5 of your personal skills. Do any of your skills and interests overlap?

Answer:

Student answers will vary but should reflect the definitions of interest and skill. Ex. Interests - reading, playing piano, running, drawing, and talking to friends Skills - typing quickly, drawing, cooking meals, listening well, and driving Drawing is both an interest I possess and a skill that I am good at doing.

45

What are the four steps you can take if you are at risk of becoming unemployed? Explain each answer.

Answer not available
46

Many jobs have been replaced because of new _____.

A
weather patterns
B
interest rates
C
workplaces
D
technology
48

The act of fulfilling one's ambitions, desires, etc., through one's own efforts is _____.

A
self-fulfillment
B
outsourcing
C
competition
D
adaptability
49

A pair of shorts, a DVD, a car, and a necklace are all considered goods or items that people buy.

A
T
B
F
50

Define the term lifestyle and explain the kind of lifestyle you would like in your future. Then, discuss how work affects lifestyle.

Answer:

Lifestyle can be defined as the way you use your time, energy, and resources. People use their time and energy and some resources at work. The work that you do affects other parts of your life like how much time you have to spend with your family and friends as well as how much money and energy you have to pursue your favorite activities.

51

What are some differences between a formal workplace and an informal workplace?

Answer not available

Did you find these answers helpful?