Chapter 1 How Your Choices Affect Income

Front

You should not let the state of the economy (stage of the business cycle) affect your spending habits and choices.

Back

False

Front

Lifelong learning will help you stay employed by preparing you for changes in the skills or education required for your job.

Back

True

Front

All of the following are forms of verbal communication except: telephone conversations, video conferences, emails

Back

hand gestures

Front

If average annual income for all workers is $37,000 and a person with a bachelor’s degree can expect to earn 32 percent more than average, what is the average annual income for persons holding bachelor’s degrees (round to the nearest thousand)?

Back

$49,000

Front

Why is lifelong learning important for long-term career success?

Back

will help prepare you to be a skilled worker and an informed consumer.

Front

A thank-you letter sent to the interviewer is a form of _______ to show appreciation and remind the employer of your interest.

Back

follow-up

Front

Which of the following is not good advice regarding resumes?
1. Carefully proofread to ensure the resume has no keying, spelling, or grammar mistakes.
2. Keep each resume to one page with the most important information on the top third of the page.
3. Use a variety of fancy fonts and style elements to ensure the resume stands out from others.
4. Tailor each resume to the job for which you are applying.

Back

Use a variety of fancy fonts and style elements to ensure the resume stands out from others.

Front

During periods of (stage of business cycle), people are optimistic and spending money, businesses are hiring, and factories are increasing production.

Back

Recovery

Front

You should have a “master resume” prepared and ready to submit for any job opening for which you may apply.

Back

False

Front

Generally, during the first year of self-employment, a small business owner can expect to work FEWER hours and receive a HIGHER salary than if he or she were employed by a large corporation.

Back

False