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The amount of annual pay that you will earn for your labor: Salary. Any cost of working paid by the employee and NOT reimbursed by the employer. : Employee Expenses. Company provided supplements to salary, such as sick pay, health insurance and vacation time. : Benefits. Someone who assumes the ownership risk of a new business: Entrepreneur. An evaluation of the negative and positive attributes of a new career choice: Job Analysis. Daily activities of the job and environment in which they must be performed: Work Characteristics. Advancement to a position of greater responsibility and higher pay: Promotion. Statistics show most businesses fail within the first 5 years: True. Economic trends should have no impact on your career choice. : False. Work characteristics are just part of the job and are not significant when you consider a particular career choice: False. Employee expenses are costs paid by employees by NOT reimbursed by employers: True. The present job market is the same as it was 20 years ago: False. One of the best benefits an employer can offer is to pay your health insurance premium: True. Entrepreneurs start and run their own businesses rather than working for employers: True. Benefits include tips, overtime pay and unemployment compensation: False

Groups of jobs that require similar skills and interest. career clusters. A paid position involving a specific place and time and a specific task set by an employer. job. career. A series of steps used to identify and evaluate choices to arrive at a decision. . A person or business that pays a person or group to work employer. A fixed amount of money paid for each hour worked wages. Individuals or companies that make or provide goods and services producers. The rules of behavior that govern a group or society. ethics. The need for workers and the kind of work available for them job market. A fixed amount of pay for a certain period of time salary. People who buy and use goods and services. consumers. A person's ability to learn something. aptitude. At least 40 hours a week. . A job in which a person works up to 30 hours a week. . lifestyle. to treat someone unfairly because of race, age, gender, religious beliefs, nationality, physical appearance, or disability discriminate. consideration, especially for others respect. the ability to perform a certain activity well skill. . a person's outlook on life, usually positive or negative attitude

Analyze Good vs Bad Choices! Develop critical thinking & decision-making skills. Evaluate consequences and ethical considerations with our guide!

Instead of going out with her friends, Jane chose to stay at home to study for her math test. Jane got a high score on the test. Why did she earn a high score on the test: because Jane chose to study. A teacher has five movie tickets to give to her ten students. What is most scarce? : tickets. On your way to the shopping mall, a friend asks you to play basketball. Another friends wants you to go to his house to play video games. What must you do first: make a choice.. On Saturdays Alicia usually goes to see a movie with her friends. However, last Saturday she chose to visit her grandmother instead. What was the opportunity cost of Alicia's decision? : seeing the movie. Jim wants to be a good cook. He is taking cooking lessons. Jim is improving his: human capital. After graduating from high school, Marcus found a better paying job than his sister who dropped out of school. Why: Finishing school made Marcus a more productive worker.. When we make a decision we choose between two or more alternatives. What is always true about alternatives: There are costs and benefits to every alternative.. Which of the following best describes the concept of scarcity: When our wants are greater than our available resources.. Which of the following is an important economic reason for going to school: School can help you develop your human capital which can provide you with more job alternatives.. At a clothing factory each worker makes complete sheets. What would happen if the manager decided to use an assembly line in which each worker makes only one part of the shirts: Division of labor would allow the factory to make more shirts faster.. You are a member of the labor force when you: have a job or begin looking for a job. Why is a worker' human capital important to an employer: Workers with more human capital are more productive workers.. Alonzo works in a fast food restaurant. Alonzo's boss pays him $9.25 an hour during the week and $10.25 an hour on the weekend. Why does Alonzo's boss pay more on the weekends: To create a positive incentive for Alonzo to work on the weekends.. Marcia is good at taking pictures with her camera but she is a very poor typist. She enrolled in a photography class instead of taking a typing course. Which of the following is true: Marcia may be developing a specialty in photography.. If people begin buying more of their favorite music albums on iTunes instead of compact discs, what will happen: More workers will be needed to work in the computer industry.. Why do people who drop out of school usually earn less than people who graduate from high school or college: People who drop out of school have less human capital and are less productive workers.. Jesse is a pitcher for a baseball team. Why does Jesse's coach ask him to practice pitching instead of taking batting practice with his teammates: Jesse can be more productive for the team if he specializes in pitching.. Why can a newspaper reporter writer her stories faster using a computer than an electric typewriter: Improvements in technology and capital goods improve productivity.. What is true about the choices you make: Your choices today affect you in the future.. Stacy wants to be an engineer. What is the first thing that Stacy should do to become an engineer: Think about her career goals and make a plan.

Which definition matches this career? Music Business Accountant: Advise and work with musicians and music industry companies on financial matters.. Which definition matches this career? Entertainment Attorney: Handles all legal matters for musicians. This includes contractual agreements, negotiating, advice, and counseling.. Which definition matches this career? Business Manager: Handles all personal and business related financial needs of music business clients, including taxes, tour budgets, investment strategy, and contract negotiation.. Which definition matches this career? Music Publisher: Signs Songwriters to write demos, then pitches these demos to artists and labels as possible cuts on their records. They also pitch recordings for use in film, TV, and commercials. . Which definition matches this career? Personal Manager: strategizing and creating marketing plans for album releases and tours, managing social media, merchandising. Which definition matches this career? Website Marketing Manager: finds a way to successfully market their site, label, and artists to current and potential fans.. Which definition matches this career? Music Web Designer: Design websites for musicians, record labels, and other music companies. Which definition matches this career? Consumer Researcher: main function is to research how consumers are actually purchasing albums. Which definition matches this career? Music Marketing Representative: main responsibility is to develop strategies and tactics to market and sell the record label’s albums. Which definition matches this career? Artist Relations and Development Representative: works with artists to cultivate and move their careers forward

Learn to identify good and bad choices with this worksheet. Improve critical thinking and decision-making skills. Start practicing ethical reasoning!