STUDY GUIDE [Semester 1 Exam] - Career Preparedness

What are the skills of using and interpreting BODY LANGUAGE and BEHAVIOR?

• Verbal Communication
• Nonverbal Communication

What are the skills of SPEAKING and LISTENING?

• Verbal Communication
• Nonverbal Communication

Opportunity Cost

• what you give up when you choose one alternative over another
• the value of the benefits of the next best alternative that could have been chosen, but was not.

What is a GOOD?

• An ITEM that is produced, sold, and bought by consumers

• An ACTION completed for consumers

What is a SERVICE?

• An ITEM that is produced, sold, and bought by consumers

• An ACTION completed for consumers

Trade-offs

• what you give up when you choose one alternative over another
• the value of the benefits of the next best alternative that could have been chosen, but was not.

What does INSTANT GRATIFICATION mean?

• an UNWILLINGNESS to give up something now in return for something later
• a WILLINGNESS to give up something now in return for something later

What does DELAYED GRATIFICATION mean?

• an UNWILLINGNESS to give up something now in return for something later
• a WILLINGNESS to give up something now in return for something later

If you choose to stay at home to study for a test tomorrow instead of going to the movies with your friends, what is the OPPORTUNITY COST?

• Studying and being prepared for your test, but not seeing the movie with your friends.
• Enjoying the movie and spending time with your friends, but not being prepared for your test.

You spend $80 to buy new pair of shoes and do not pay your phone bill, what is the OPPORTUNITY COST?

• Not having the new pair of shoes and continuing to use my phone without interruption in service.
• Having a new pair of shoes, getting my phone turned off, and having to pay an activation fee and late charges.