VWE II Study Guide Reveiw

What is a key difference between being an entrepreneur and an intrapreneur?

• Intrapreneurs start and own their own business.

• Entrepreneurs are corporate executives who always work for someone else.

• Intrapreneurs are corporate executives who develop new enterprises within a corporation.

• Entrepreneurs are corporate executives who develop new enterprises within a corporation.

How do you calculate wages for a worker paid hourly?

• Add the hours and hourly wage.

• Multiply the hours by the hourly wage.

• Divide the hourly wage by the hours worked.

• Subtract the hours from the hourly wage rate.

How many biweekly paychecks will an employee who is paid a salary receive?

• 12

• 24

• 26

• 52

Why do employers use commission to pay their employees?

• to hire their employees

• to penalize their employees

• to organize their employees

• to motivate their employees

What is the gross pay for an employee who has work 40 regular and 3 overtime hours at a regular pay rate of $12.30 per hour?

• $55.35

• $492

• $528.90

• $547.35

Which statement is NOT a way demographics can be used to understand the job market?

• to show that many work to pay for healthcare

• to show that salaries differ by geographic location

• to show how many workers possess a certain job skill

• to show how much workers are satisfied with their job

Which statement is NOT a benefit of enjoying your job?

• An employee is more likely to advance when they have a positive attitude.

• An employee gets more time off when they maintain an upbeat attitude at work.

• An employee typically does a better job when they are interested in their daily tasks.

• An employee will usually have a more positive attitude when they enjoy what they do.

An interest inventory is also referred to as a(n) ___.

• inventory list

• interest profiler

• profile of a person

• interest personality

How many personality types does the Myers-Briggs Type Indicator identify?

• 4

• 12

• 16

• 24

How do geographic factors of employment impact the job market?

• They determine which jobs you will be interested in.

• They set the education level required to perform certain jobs.

• They set a fixed salary for the same job across multiple locations.

• They can influence the availability of certain jobs as well as their salaries.