1.)How people produce, distribute, and use goods and services?

a.) Economy
b.) Free enterprise system
c.) Competition
d.) Profit

2.)The amount of goods and services available for sale.

a.) Producers
b.) Consumers
c.) Supply
d.) Demand

3.)The amount of money left over after the business pays its expenses.

a.) Competition
b.) Profit
c.) Price
d.) Demand

4.)two people share the same position in a company, each working a part of the week. For example, an accountant may work in the office Monday, Tuesday, and Wednesday morning, and another accountant will work in the office on Wednesday afternoon, Thursday, and Friday. This describes _______?

A.) Entrepreneurs
B.) Consultants
C.) Job Sharing
D.) Temporary employees

5.)Advances in _____ Have created new career and business opportunities while making others obsolete.

a.) The workplace
b.) Technology
c.) Communication
d.) Economics

6.)Improvements in technology and communication have _____ our ability to trade with other countries more efficiently.

a.)Limited
b.)Increased
c.)Decreased
d.)Not changed

7.)The career planning process has three steps. What is the second step?

a.)Explore your options
b.)Make plans and take action
c.)Interview for a job
d.)Know yourself

8.)Defining your goals will help you take the necessary steps to your career. This is part of which phase of the career planning process:

a.)know yourself
b.)Explore your options
c.)Make plans and take action
d.)Interview for a job

9.)The U.S Department of labor estimates that teenagers today will have between _____ Different jobs the time they are 34 years old?

a.) 3-6
b.)7-8
c.)9-10
d.) 11-13

How would you like us to help you with this quiz?

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1.) The answer to this question is a) Economy. The economy refers to the system in which people produce, distribute, and use goods and services. To understand how people participate in the economy, you can study various topics such as economics, business, and sociology.

2.) The answer to this question is c) Supply. Supply refers to the amount of goods and services that are available for sale. It is determined by producers who create and make products or provide services. The concept of supply is closely related to demand, which represents the desire and ability of consumers to buy goods and services.

To learn more about supply and demand, you can study economics and specifically focus on topics like market equilibrium, pricing, and market forces.

3.) The answer to this question is b) Profit. Profit is the amount of money left over after a business pays its expenses. It is a fundamental concept in business and is crucial for the sustainability and growth of a company. To learn more about profit and its importance in business, you can study accounting, finance, and entrepreneurship.

4.) The answer to this question is c) Job Sharing. Job sharing is a work arrangement where two people share the same position in a company, each working a part of the week. It allows employees to divide their responsibilities and work hours, enabling a flexible schedule and better work-life balance. To understand various work arrangements and employment structures, you can explore topics like human resources and organizational behavior.

5.) The answer to this question is b) Technology. Advances in technology have created new career and business opportunities while making others obsolete. Technology has revolutionized various industries and has significantly impacted the way work is done. To understand the intersection of technology and careers, you can study fields like information technology, digital marketing, and innovation management.

6.) The answer to this question is b) Increased. Improvements in technology and communication have increased our ability to trade with other countries more efficiently. Technology has facilitated the exchange of goods and services across borders, making international trade more accessible and faster. To understand international trade and its implications, you can study international business, global economics, and trade policies.

7.) The answer to this question is a) Explore your options. The second step in the career planning process is to explore your options. This involves researching different career paths, industries, and job opportunities. It helps you gain knowledge about potential careers and align your skills and interests with suitable options. To navigate the career planning process effectively, you can utilize resources such as career assessments, informational interviews, and online job search platforms.

8.) The answer to this question is c) Make plans and take action. Defining your goals is part of the phase in the career planning process called "Make plans and take action." Once you have explored your options and gathered information about different careers, you need to define your goals and create a plan to achieve them. This phase involves setting short-term and long-term objectives, developing strategies, and taking concrete steps towards your desired career path. To effectively plan your career, you can utilize tools like goal-setting frameworks, project management techniques, and career development resources.

9.) The answer to this question is d) 11-13. The U.S Department of Labor estimates that teenagers today will have between 11-13 different jobs by the time they are 34 years old. This highlights the changing nature of work and the need for individuals to develop adaptability and lifelong learning skills. To explore the evolving job market and understand the dynamics of career transitions, you can study topics like career development, labor market trends, and job market analysis.