In Selecting a Career,it Is Best to

question 164

Multiple Choice

In selecting a career,it is best to

• A) frame this problem in narrow, specific terms related to your particular skills.
• B) frame this problem in the broadest way and consider many factors, including future employment outlook, pay, and job satisfaction.
• C) trust your intuition.
• D) decide based on what employment activity you most like to do.

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Definitions:

Residual Income

The net income an investment or business venture generates above the minimum rate of return.

Minimum Required Rate

The lowest return rate that an investor or project manager would accept for an investment.

Residual Income

Income that remains after all costs and expenses, including minimum required return on investment, have been subtracted.

Operating Assets

Long-term assets used in the operations of a business, including property, plant, and equipment, that generate income.