Unit 1 Review

Today, people rarely stay in one job or work for only one employer during their working lives

• True

• False

A person is more likely to be happy in a career that is based on her or his traits, interests, and skills.

• True

• False

A person's values may change over time.

• True

• False

Service businesses are not-for-profit organizations

• True

• False

The amount of money earned after the costs of operating a business are paid is called capital.

• True

• False

Partnerships sometimes form for the purpose of selling additional stock to the public.

• True

• False

For accounting purposes, it is important to keep an owner's personal financial records separate from the business's financial records.

• True

• False

An example of a not-for-profit organization is a ____.

• clothing store

• corner bakery

• church

• competitiveness

A trait that would be important for a person who would like to be an accountant is ____.

• friendliness

• honesty

• self-control

• knowing how to learn

Which of the following is not a step in setting career goals?

• Decide after high school what to do about career goals.

• Accept a job that provides on-the-job training.

• Go to school to get the education or training needed.

• Work as an intern to gain job experience.