2.2 and 3.1 Key Terms

What is the economy?

• A group of people who work together to set goals

• The ways people make, buy, and sell goods and services

• A work schedule arrangement

• Equal employment opportunity for all

What are goods?

• Services that people do for others for a fee

• Items that people buy

• The need for workers

• A change over a period of time

What are services?

• Items that people buy

• Activities that people do for others for a fee

• The buying and selling of goods and services via the Internet

• A wide variety of workers with different backgrounds

What does the global economy encompass?

• The buying and selling of goods and services via the Internet

• All the world's economies and how they are linked

• Equal employment opportunity for all

• A work schedule arrangement

What is the job market?

• A work schedule arrangement

• The need for workers and the kinds of work available to them

• Groups of similar occupations and industries

• General kinds of activities people do in many different careers

Who is considered part of the labor force?

• All people over the age of 16 who work or are seeking work

• A group of people who work together to set goals

• Workers who perform activities traditionally handled by internal company staff

• Workers who choose work hours that fit their particular needs

What is e-commerce?

• The buying and selling of goods and services via the Internet

• A flexible work arrangement

• A change over a period of time

• A wide variety of workers with different backgrounds

What does gender equity refer to in the workplace?

• A group of people who work together to set goals

• A wide variety of workers with different backgrounds

• Equal employment opportunity for all, regardless of gender

• The need for workers and the kinds of work available to them

What is a trend?

• A work schedule arrangement

• A group of people who work together to set goals

• A change over a period of time

• The buying and selling of goods and services via the Internet

What is a team in the context of a workplace?

• A work schedule arrangement

• A group of people who work together to set goals and make decisions to solve problems and put ideas into action

• The buying and selling of goods and services via the Internet

• A wide variety of workers with different backgrounds