WORKPLACE TYPES AND ECONOMY

WORKPLACE TYPES AND ECONOMY

by Trikia Spaulding

​OBJECTIVES

1. ​Compare and contrast workplaces types.​

2. Define economy and describe how individuals and businesses impact the economy.

3. Evaluate the business cycle and determine its impact on employment.

​VOCABULARY WORDS

​

• workplace

   business cycle

   interest rate

   job security

   unemployed

   economy

Open Ended

WHAT DO YOU THINK THE FOLLOWING WORD MEANS:

WORKPLACE

​WORKPLACE

​DEFINITION:

• ​Where work is done.

​EXAMPLE OF USAGE:

​Norah would enjoy a workplace that is relaxed and casual.

Open Ended

WHAT DO YOU THINK THE FOLLOWING WORD MEANS:

BUSINESS CYCLE

​BUSINESS CYCLE

​DEFINITION:

​Economic activity characterized by fluctuating levels of growth and decline.

​

EXAMPLE OF USAGE:

​Norah hopes the business cycle is in a period of growth when she graduates college.

Open Ended

WHAT DO YOU THINK THE FOLLOWING WORD MEANS:

INTEREST RATE

INTEREST RATE

​DEFINITION:

​The cost of borrowing money, usually expressed as a percentage.

EXAMPLE OF USAGE:

​Before purchasing her first car, Norah checked the interest rate she would be charged.

Open Ended

WHAT DO YOU THINK THE FOLLOWING WORD MEANS:

JOB SECURITY

JOB SECURITY

​DEFINITION:

​Freedom from the fear of losing one's job.

​

​

EXAMPLE OF USAGE:

With such a high demand for child care in her neighborhood, Norah feels a great amount of job security.

Open Ended

WHAT DO YOU THINK THE FOLLOWING WORD MEANS:

UNEMPLOYED

UNEMPLOYED

​DEFINITION:

To be without a job when able and willing to work.

​

​

EXAMPLE OF USAGE:

Norah's father became unemployed after the office he worked at went out of business.

Open Ended

WHAT DO YOU THINK THE FOLLOWING WORD MEANS:

ECONOMY

ECONOMY

​DEFINITION:

The way in which a group produces, distributes, and consumes its goods and services.

​

​

EXAMPLE OF USAGE:

The poor state of the economy led to the closing of many offices in Norah's neighborhood.

Multiple Choice

Every workplace is different.

 

Please select the best answer from the choices provided

• TRUE

• FALSE

Multiple Choice

To be out of work is to be employed.

 

Please select the best answer from the choices provided

• TRUE

• FALSE

Multiple Choice

When interests rates are high, it costs less money to borrow money.

 

Please select the best answer from the choices provided

• TRUE

• FALSE

Multiple Choice

Since a ski instructor can only teach people to ski when there is snow on the ground, this job is considered seasonal.

 

Please select the best answer from the choices provided

• TRUE

• FALSE

Multiple Choice

The business cycle can be affected by major events, like the terrorist attack on the World Trade Center on September 11, 2001.

 

Please select the best answer from the choices provided

• TRUE

• FALSE

Multiple Choice

All of the following are considered active job search methods EXCEPT _____.

• sending out resumes

• attending  job training programs

• filling out applications

• contacting potential employers

Multiple Choice

The military is a formal workplace in which workers _____.

• choose what they want to do each day

• have to follow a set schedule

• are more relaxed with their bosses

• are able to dress casually

Multiple Choice

_____ are different, even within the same job.

• Occupations

• Workplaces

• Careers

• Interest rates

Multiple Choice

You would most likely find _____ in an informal workplace.

• strict rules

• uniforms

• flexible hours

• a serious environment

Multiple Choice

You would most likely find _____ in a formal workplace.

• flexible hours

• casual dress

• a relaxed environment

• strict rules

Multiple Choice

The economy has an impact on _____.

• which jobs are seasonal

• the reasons why workplaces are differen

• employment and unemployment

• how strictly rules at work are enforced

Multiple Choice

The person who would be most directly affected by changes in the business cycle is ______.

• an emergency-room doctor

• a construction worker

• an orthodontist

• a college professor

Multiple Choice

If you know you are at risk of becoming unemployed, you should _____.

• wait until you officially lose the job to worry

• get additional education to learn new skills

• spend all your money while you are still making it

• ignore the economy, because it is always changing

Multiple Choice

As the demand for goods and services increases, job growth _____.

• increases

• decreases

• remains the same

• none of the above

Multiple Choice

As the demand for goods and services decreases, job growth _____.

• increases

• decreases

• remains the same

• none of the above

Multiple Choice

In order for the economy to be strong, businesses must _____.

• produce goods and pay workers

• provide labor and pay workers

• produce goods and buy goods

• provide labor and buy goods

Multiple Choice

In order for the economy to be strong, individuals must _____.

• produce goods and pay workers 

• provide labor and pay workers

• produce goods and buy goods 

• provide labor and buy goods

Multiple Choice

Select the word that best fits the definition: The way goods and services are produced, distributed, and consumed in a society

• job security

• interest rate

• economy

• business cycle

Multiple Choice

Select the word that best fits the definition: Economic activity characterized by fluctuating levels of growth and decline

• job security

• interest rate

• economy

• business cycle