Test Bank Questions with Answers for Career Planning and Development Module 4
Suppose you are interested in working in an informal workplace. What are three jobs you might like? -
Answers Freelance entrepreneurs, factory worker, local convenience store.
What effects do low interest rates have on the economy? - Answers It can cause a ripple effect of
increased spending
Many jobs have been replaced because of new _____.
a.
weather patterns
b.
interest rates
c.
workplaces
d.
technology - Answers D
__ are the cost of borrowing money.
a.
Job networks
b.
Interest rates
c.
Business cycles
d.
Unemployment phases - Answers B
What are some differences between a formal workplace and an informal workplace? - Answers With
informal there are low wages,few benefits, and little hours. With formal there are set pay and benefits,
stable location, and regular hours.
A workplace is where people _____.
, a.
do work
b.
find new jobs
c.
go when they are unemployed
d.
read advertisements for job openings - Answers A
The strength of the economy depends on the balance of production and consumption of goods and
services. - Answers T
What are the four steps you can take if you are at risk of becoming unemployed? Explain each answer. -
Answers Be aware - pay attention to the economy
Think ahead - know what you'll do, apply for jobs
Education - If there isnt a demand for your job you may need to go to school for a higher education
Save money - in case you cant find another job in time
Suppose you are interested in working in a formal workplace. What are three jobs you might like? -
Answers Dental assistant, Nurse, Chef
When interests rates are low, spending decreases. - Answers F
As the demand for goods and services decreases, job growth _____. a. increases b. decreases c. remains
the same d. none of the above - Answers B
In order for the economy to be strong, businesses must _____.
a.
produce goods and pay workers
b.
provide labor and pay workers
c.
produce goods and buy goods
Suppose you are interested in working in an informal workplace. What are three jobs you might like? -
Answers Freelance entrepreneurs, factory worker, local convenience store.
What effects do low interest rates have on the economy? - Answers It can cause a ripple effect of
increased spending
Many jobs have been replaced because of new _____.
a.
weather patterns
b.
interest rates
c.
workplaces
d.
technology - Answers D
__ are the cost of borrowing money.
a.
Job networks
b.
Interest rates
c.
Business cycles
d.
Unemployment phases - Answers B
What are some differences between a formal workplace and an informal workplace? - Answers With
informal there are low wages,few benefits, and little hours. With formal there are set pay and benefits,
stable location, and regular hours.
A workplace is where people _____.
, a.
do work
b.
find new jobs
c.
go when they are unemployed
d.
read advertisements for job openings - Answers A
The strength of the economy depends on the balance of production and consumption of goods and
services. - Answers T
What are the four steps you can take if you are at risk of becoming unemployed? Explain each answer. -
Answers Be aware - pay attention to the economy
Think ahead - know what you'll do, apply for jobs
Education - If there isnt a demand for your job you may need to go to school for a higher education
Save money - in case you cant find another job in time
Suppose you are interested in working in a formal workplace. What are three jobs you might like? -
Answers Dental assistant, Nurse, Chef
When interests rates are low, spending decreases. - Answers F
As the demand for goods and services decreases, job growth _____. a. increases b. decreases c. remains
the same d. none of the above - Answers B
In order for the economy to be strong, businesses must _____.
a.
produce goods and pay workers
b.
provide labor and pay workers
c.
produce goods and buy goods
