Unit Test Answers

_____ are important to possess because they can be used in many different jobs and situations.a.Career laddersb.Transferable skillsc.Lifestyle goalsd.Risk factors

The advantages of being an entrepreneur are _____.a.excitement, independence, and financial riskb.flexibility, independence, and salary potentialc.short working hours, independence, and financial riskd.administration, short working hours, and excitement

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

The following factors affect the labor market EXCEPT:a.Government actionsb.Social changec.Population shiftsd.Teamwork

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

As the demand for goods and services increases, job growth _____.a.increasesb.decreasesc.remains the samed.none of the above

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

What are five things you can do to overcome stereotypes?

Many jobs have been replaced because of new _____.a.weather patternsb.interest ratesc.workplacesd.technology

List five things stereotypes are commonly based upon.

What are four causes of loss in job satisfaction?

_____ are the cost of borrowing money.a.Job networksb.Interest ratesc.Business cyclesd.Unemployment phases

Before buying an existing business, you need to identify if the business’s problems can be fixed.

Define the three main forms of legal ownership of a business. Which one appeals most to you and why?

A workplace is where people _____.a.do workb.find new jobsc.go when they are unemployedd.read advertisements for job openings