Knowledge of the Structure of the Labor Market Can Help

question 26

Multiple Choice

Knowledge of the structure of the labor market can help counselors by pointing out to their clients that

• A) jobs vary to the degree that they lead to advancement or better paying jobs.
• B) regular attendance at school throughout high school is very important.
• C) selecting a career goal before leaving high school is very important.
• D) they should consider their interests and abilities as well as job openings.

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Definitions:

Payback Period

The amount of time it takes for an investment to generate cash flows sufficient to recover its initial cost.

Salvage Value

The projected amount an asset is expected to generate when it is sold after its period of utility has ended.

Operating Costs

Expenses related to the day-to-day operations of a business, including rent, utilities, and salaries.

Useful Life

The expected period over which an asset is anticipated to be productive or beneficial for its owner.