RNV/Year 3/Week 2/2nd Term

The money received on a daily or weekly basis is referred to as

• Income

• Salary

• Wages

• Money

Electricians, mechanics and barbers are examples of people who receive

• Salary

• Wages

• Income

• All of the above answers

Mr. Bode receives #75,000 as his monthly salary. He has two other side businesses where he received #15,000 and #13,200 from respectively. What is Mr. Bode's income for the month.

• #125,200

• #123,200

• #103,200

• #113,200

Lateefah sews gowns at #800. She sew 6 gowns last month and also did some delivery job where she earned #15,000 that same month. Meanwhile, she has a job where she earns #18,000 monthly. What was her income last month.

• #37,000

• #27,800

• #19,800

• #37,800

What is the difference between wages, salary and income?

Which of the following is NOT among the challenges of wages and income distribution?

• Delay in payments

• Discrimination

• Paid vacation

• Low wages

The total money a worker receives in a month is referred to as

• Salary
• Profit

• income

• Wages

What is Employment?

• The breaking down of work into smaller units to be done by different people.

• A state in which somebody has to do something to earn an income.

• A state in which someone does not have anything to do.

Unemployment can be defined as .......................

• A condition in which there are scarcity of jobs.

• A condition in which one has no work to do to earn an income.

• A condition of working for other people in order to get paid.

Which of these is a major cause of unemployment?

• Good government

• Overpopulation

• Lack of money