Workplace Types and the Economy Answers

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

Answer:

In a formal workplace, employees dress in suits or uniforms, have strict rules to follow, and act in a very serious manner. In an informal workplace, employees typically wear casual clothing, have fewer rules and guidelines, and are more relaxed with their boss/coworkers.

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What effects do low interest rates have on the economy?

Answer:

Low interest rates mean that it is less expensive to borrow money, which encourages spending. With people spending more money, there is a greater demand for workers to create more goods. This leads to a strong economy.

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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

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

Answer:

Student answers will vary, but should follow guidelines of a formal workplace. Structured, uniform or suits, strict guidelines, formal interactions with coworkers/bosses.

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Suppose you are interested in working in an informal workplace. What are three jobs you might like?

Answer:

Student answers will vary, but should follow guidelines of an informal workplace. Less structure, casual dress, flexible hours, relaxed interactions with coworkers/bosses.

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