Management & Markets & Analytics 2025 Final Semester Test

What is the difference between a salary and an hourly wage?

• An hourly wage usually has benefits and is flexible whereas a salary does not.

• A salary is paid no matter how many hours you work whereas an hourly wage is paid only for the time on your job.

• An hourly wage is paid in installments, whereas a salary is paid once a year.

• A salary is paid based on the time spent working and an hourly wage is paid when the job is complete.

What best describes the relationship between short and long term goals?

• Setting short-term goals now helps reach long-term goals later.

• Setting long-term goals now helps reach short-term goals later.

• Short and long term goals are the same thing just different sizes.

• Short term goals are accomplished when you can't do long term ones.

A career is another name for a job.

• True

• False

What is an example of an interest leading to a career choice?

• An interest in animals leads to a career in marketing.

• An interest in music leads to a career in zoology.

• An interest in helping others leads to a career in medicine.

• An interest in science leads to a career in hospitality.

How can short term goals best lead towards accomplishing long term career goals?

• Following a list of specific steps to accomplish will guarantee a spot in a desired career.

• By choosing one short term goal, a person can accomplish a long-term career goal.

• Learning skills, earning certifications and gaining experience can prepare someone for a desired career.

• Short term goals are not needed to accomplish long term career goals.

What is NOT taken into account when determining a person's career path?

• A. Interests

• B. Skills

• C. Personality

• D. Genetics

Learning design software, applying to college and creating a website to showcase work are examples of ____________ that lead to a career as a graphic artist.

• long term goals

• soft skills

• keys to success

• short term goals

Which best defines the relationship between short and long term goals?

• Short term goals are easy and long term goals are hard.

• Short term goals can be accomplished, long term goals can't.

• Short term goals are smaller steps that can help accomplish a long-term goal.

• Short term goals are related to jobs and long-term goals are related to industries.

When gathering information about an industry, pay attention to whether it is a growth industry. What does this mean?

• An industry that requires you to grow a lot by learning new skills. Can be difficult to get into.

• An industry that is going through growing pains which means that might not be very flexible.

• An industry that is growing so that it might be difficult to get a job in it.

• An industry that is growing and adding jobs, which means it may be easier to get work.

What best describes the difference between careers and industries?

• A. A career is related to what you do and an industry is related to how you do it.

• B. They are the same things.

• C. An industry is a field or a subject area whereas careers are the type of work that is done by an individual.

• D. Industries are specific jobs and careers are a pattern of jobs.