The Results of an Occupational Interest Inventory Are Designed to

question 53

Multiple Choice

The results of an occupational interest inventory are designed to 

• A) predict whether you would be successful in various jobs.
• B) focus on recommendations for the career path you should follow.
• C) indicate how similar your interests are to the typical interests of people in various jobs.
• D) indicate whether your interests are consistent with job descriptions included in the Dictionary of Occupational Titles.

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Definitions:

Perfectly Elastic

A situation in economics where any small change in the price of a good or service will result in an infinite amount of change in the quantity demanded or supplied.

Total Revenue

The total amount of money earned by a firm from the sale of its products or services before any costs or expenses are subtracted.

Equilibrium Quantity

The amount of products or services offered and sought after at the balance price.

Inelastic Demand

A situation where the demand for a good or service is relatively unresponsive to changes in price, indicated by a demand elasticity coefficient of less than one.