Earning Potential Quiz

What is earning potential?

• The amount of money you currently earn

• The top salary you can possibly earn

• The average salary in your field

• The minimum wage in your area

How do economic conditions influence earning potential?

• They have no influence

• They can increase or decrease it

• They only increase it

• They only decrease it

Which factor is directly related to the type of job you can get?

• Career choice

• Favorite sport

• Type of car

• Favorite food

What is the impact of having strong job-related skills?

• No impact

• Negative impact

• Positive impact

• Neutral impact

What is productivity?

• The amount of money a company makes

• The quality and ability to generate goods and services

• The number of employees in a company

• The speed at which products are delivered

Which of the following is an example of human capital?

• A company's office building

• A worker's skills and knowledge

• A company's stock shares

• A worker's uniform

What is NOT considered part of human capital?

• Education and training

• Physical strength

• Personal relationships

• Company profits

How do career choice, education, and job-related skills affect earning potential?

• They have no effect on earning potential.

• They decrease earning potential.

• They increase earning potential.

• They make earning potential unpredictable.

What does opportunity cost refer to?

• The cost of all available options.

• The benefit of the next best alternative given up.

• The total cost of a decision.

• The financial cost of an opportunity.

What is productivity?

• The amount of goods produced in a year.

• The efficiency of production.

• The total number of workers in a company.

• The cost of producing goods.