What are some differences between a formal workplace and an informal workplace?
In a formal workplace, employees dress in suits or uniforms, have strict rules to follow, and act in a very serious manner. In an informal workplace, employees typically wear casual clothing, have fewer rules and guidelines, and are more relaxed with their boss/coworkers.
What effects do low interest rates have on the economy?
Low interest rates mean that it is less expensive to borrow money, which encourages spending. With people spending more money, there is a greater demand for workers to create more goods. This leads to a strong economy.
What are the four steps you can take if you are at risk of becoming unemployed? Explain each answer.
Be aware – pay attention to the economy, changes in the industry, etc. Plan Ahead – know what you will do, have a resume ready, apply for jobs, Save money – know that you may not be able to get a job right away, or maybe won’t be able to make as much money Get Additional Education - especially in industries where there isn’t demand for your job anymore, you may need to go to school to learn new skills, or to keep up with changing technology
Many jobs have been replaced because of new _____.
Suppose you are interested in working in a formal workplace. What are three jobs you might like?
Student answers will vary, but should follow guidelines of a formal workplace. Structured, uniform or suits, strict guidelines, formal interactions with coworkers/bosses.
_____ are the cost of borrowing money.
A workplace is where people _____.
Suppose you are interested in working in an informal workplace. What are three jobs you might like?
Student answers will vary, but should follow guidelines of an informal workplace. Less structure, casual dress, flexible hours, relaxed interactions with coworkers/bosses.
Suppose you are interested in working in a formal workplace. What are three jobs you might like?
When interests rates are low, spending decreases.
The strength of the economy depends on the balance of production and consumption of goods and services.
_____ are the cost of borrowing money.
What are some differences between a formal workplace and an informal workplace?
A workplace is where people _____.
Many jobs have been replaced because of new _____.
Suppose you are interested in working in an informal workplace. What are three jobs you might like?
What are the four steps you can take if you are at risk of becoming unemployed? Explain each answer.
What effects do low interest rates have on the economy?
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