VCE VM Unit 1 AOS 1 Future Careers

Define what a Low growth industry is.

• An industry with declining demand

• An industry with rapid expansion

• An industry with stable demand

• An industry with fluctuating demand

What is a Medium growth industry?

• An industry with rapid expansion

• An industry with moderate expansion

• An industry with declining demand

• An industry with no growth

How can you find a High growth industry?

• By looking at industries with declining demand

• By researching industries with rapid expansion

• By avoiding industries with stable demand

• By focusing on industries with no growth

List 3 reliable and credible sources you could use to research future career options.

• Social media, blogs, and forums

• Government websites, industry reports, and academic journals

• Personal opinions, rumors, and hearsay

• Advertisements, commercials, and infomercials

What is the 'labour market'?

• A place where goods are sold

• A market for buying and selling stocks

• A market where workers find employment

• A place for trading commodities

What is a skills shortage area?

• An area with an excess of skilled workers

• An area with a lack of skilled workers

• An area with balanced employment

• An area with no employment opportunities

How does the Australian government work out where skills shortages exist and why would this information be important?

• By guessing and estimating

• By conducting surveys and research

• By ignoring the issue

• By relying on outdated data

Why might it be important to view and analyse information relating to employment?

• To make uninformed decisions

• To understand job market trends

• To ignore job opportunities

• To avoid career planning

How can you tell if information you have found on the internet is credible and true?

• By checking the source's reputation

• By assuming all information is true

• By ignoring the source

• By relying on social media

What are 3 things you should do when you are analysing job/industry data?

• Ignore trends, avoid research, and rely on assumptions

• Research trends, verify sources, and analyze data critically

• Depend on rumors, avoid data, and ignore facts

• Focus on opinions, disregard evidence, and avoid analysis