Chapter 2, Review Quiz, Quiz, Key Terms, etc.

Opportunities to obtain work experience:

- part-time employment - volunteer work - internships - campus projects

An example of an aptitude is an ability to work well with numbers. True or false?

True

resume

a summary of a person's education, training, experience, and other job qualifications

You are in the 31% tax bracket and as part of a new job have received $450 in tax-exempt benefits. What is the tax-equivalent value of these benefits? a. $450 b. $139.50 c. $1,451.61 d. $652.17 e. None of the above

d. $652.17

The Occupational Outlook Handbook would be most useful for determining:

expected employment in various career clusters.

Which one of the following is not an element of corporate culture? a. Dress codes b. Management styles c. Work intensity d. Government regulations e. Lines of communication

d. Government regulations

Compared to a job, a career:

demands regular updating of knowledge

Which of the following is an example of the type of information that you would not include on a resume unless it applies to specific job qualifications? a. name b. phone number c. e-mail address d. address e. height and weight

e. height and weight

Which of the following trends is most likely to increase domestic career opportunities in manufacturing organizations? a. higher consumer prices b. increased imports c. higher interest rates d. reduced consumer spending e. increased exports

e. increased exports

A _____________ resume is designed to obtain a specific job. a. goal-oriented b. functional c. chronological d. data e. targeted

e. targeted

Which of the following is a benefit on which you pay taxes at some future date? a. exclusion b. tax-exempt benefit c. cafeteria-style benefit d. vesting e. tax-deferred benefit

e. tax-deferred benefit

Which of the following is the point at which retirement contributions made on your behalf by the company belong to you even if you no longer work for the company? a. Break even b. a tax-exempt benefit c. a tax-deferred benefit d. networking e. vesting

e. vesting

interview

formal meeting used to discuss your qualifications in detail

A person who has worked in many fields and has a variety of skills in categories such as communications, research, and personnel administration would probably be best served with the use of a ____________ resume.

functional

The purpose of an informational interview is to:

gather information about a firm or for career planning

The purpose of the development section of a cover letter is to:

highlight background that qualifies the applicant for a specific job

___________ is a benefit on which you pay no taxes.

A tax-exempt benefit

Which of the following is sent to a company to indicate your interest in a position and to obtain an interview? (Hint: It is generally accompanied by your resume.) a. Recommendation letter b. List of references c. Cover letter d. College transcript e. Diploma

C. cover letter

A ___________ resume represents a person's education, work experience and other information in a reverse time-sequence.

Chronological

What is the purpose of a cover letter?

Express interest in a job

An employer has the right to terminate a woman because she is pregnant. True or false?

False

An informational interview is an interview with job applicants which reduces the pool of candidates for a job. True or false?

False

The computer technology field is not expected to have good employment potential in the next century. True or false?

False

Career opportunities are based on...

- social influences: demographic trends and geographic trends - economic conditions: interest rates, inflation, and consumer demand - industry trends: foreign competition and changing uses of technology

Six Stages of Career Planning

1. Assess and research personal goals, abilities, and career fields 2. Research the employment market and identify specific employment opportunities 3. Develop a resume and cover letter; apply for available positions 4. Interview for available positions; assess your interview performance 5. Evaluate financial and other factors of positions you are offered 6. Plan and implement a program for career development

Kyle Burroughs has purchased a suit and has interviewed with three companies through the career placement center at his university. He was surprised by some of the questions asked and does not feel he answered them well. He has developed some answers that he feels are better answers and better reflects his abilities and aptitudes. Which step in the career planning process has Kyle completed?

interview for specific positions and assess the interview performance

Which one of the following would likely lead to the most added income over an individual's working career?

Professional or doctorate degree

Bill Evans is concerned about the effect of current economic conditions on various career fields. Which one of the following would be most useful to Bill as he addresses his concerns?

The Wall Street Journal

One way to identify an employment opportunity is to go to an employment agency. True or false?

True

career

a commitment to a profession that requires continued training and offers a clear path for occupational growth

informational interview

a company visit or meeting at which one gathers information about a career or an organization

A question most likely to be asked in a behavioral interview is which of the following? a. What did you like most about school? b. What would you do first if your boss asked you to lead a new sales team? c. What are your major strengths? d. Why should we hire you? e. None of the above are likely to be asked in a behavioral interview.

b. What would you do first is your boss asked you to lead a new sales team?

Blake Edwards has done some research and has discovered that economists believe interest rates will rise significantly over the next two years. Blake believes that this will lead to fewer homes being sold and fewer jobs in the banking and mortgage industries. This is an example of ____________________ influencing jobs in the future. a. educational trends b. economic conditions c. geographic trends d. demographic trends e. industry trends

b. economic conditions

Lori Burroughs wants to gain some needed experience so when she is ready to start a career she has something to offer a company. She has talked to the career placement center at her university. They tell her she can get a job with a local company for the summer and earn college credit while working. Which of the following employment strategies is she pursuing? a. part time employment b. internship c. volunteer work d. cooperative education program e. campus project

b. internship

Which of the following is the process of making and using contacts in the business world for obtaining and updating career information and job possibilities? a. an internship b. networking c. a career fair d. a cover letter e. financial planning

b. networking

cover letter

letter that accompanies a resume and is designed to express interest in a job and obtain an interview

The term networking refers to:

making and using contacts to obtain and update career information

aptitudes

natural abilities that people possess

cafeteria-style employee benefits

programs that allow their workers to base their job benefits on credit system and personal needs

corporate culture

refers to management styles, work intensity, dress codes, and social interactions within an organization

interest

the activities that give you satisfaction

job creation

the development of an employment position that matches your skills with the needs of an organization

The Skills Gap

the difference between skills needed by employers and the skills possessed by applicants

Networking

the process of making and using contacts for obtaining and updating career information. Ex. community organizations, professional associations, business contacts, etc.

flexible spending plans or expense reimbursement accounts

this arrangement allows you to set aside part of your salary for paying medical or dependent care expenses

Natural abilities that people possess are called:

aptitudes

Which of the following is an example of industrial trend that could affect the job market? a. increased use of computers in manufacturing b. more families with both parents working c. lower inflation rates affecting spending d. higher interest rates e. fewer children being bornq

a. increased use of computers in manufacturing

The Occupational Outlook Handbook covers...

all aspects of career planning and provides detailed information on various career clusters

medical-spending account or health savings account

allows paying health care costs with pretax dollars

Job

an employment position obtained mainly to earn money, without regard for interests or opportunities for advancement

mentor

an experienced employee who serves as a teacher and counselor for a less experienced person in a career field

employability skills

basic capabilities necessary for obtaining, maintaining and advancing in a work situation

Craig Johnson lives in Oklahoma City and is thinking about moving to Boston. According to Yahoo's real estate web site, the cost of living index in Oklahoma City is 100 and the cost of living index for Boston is 120. Craig earns $47,000 in Oklahoma City. What would be the equivalent amount he would have to earn in Boston? a. $47,000 b. $39,167 c. $56,400 d. $5,640,000 e. None of the above

c. $56,400

Which of the following can an interviewer ask you during an interview? a. Where you were born b. What is your religion c. If you are a U.S. citizen d. What is your marital status e. All of the above are questions an interviewer can ask you

c. If you are a U.S. Citizen

Which of the following is an industrial trend which might influence employment opportunities? a. an increase in the number of retired people b. an increase in the inflation rate in the U.S. c. increased automation in manufacturing d. a change in the corporate culture from suits and ties to business casual e. all of the above are industry trends

c. increased automation in manufacturing

Austin Guess has written his resume and had it checked by his career placement center for errors. He plans on sending it to three companies he has identified as having job openings. Which step in the career planning process is Austin completing? a. evaluate the employment market to identify specific employment opportunities b. interview for specific positions and assess the interview performance c. evaluate financial and other factors of positions offered d. develop a resume and cover letter to apply for specific positions e. assess and research personal goals and abilities

d. develop a resume and cover letter to apply for specific positions