Occupation
Commerce · 50 practice questions
Meaning and importance of occupation; types — industrial, commercial and services; factors determining the choice of occupation.
- State the importance of occupation.
- Compare the different types of occupation.
- Identify the factors determining the choice of occupation.
Try a few questions
- Practice question 1
A person's willingness to bear risk and uncertainty is a key factor influencing whether they choose
- A.Only occupations regulated by professional licensing bodies
- B.Entrepreneurship/self-employment, where income is less predictable but potential rewards may be higher
- C.Salaried employment with a fixed, predictable income
- D.No occupation at all
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B. Entrepreneurship/self-employment, where income is less predictable but potential rewards may be higher
Risk tolerance influences the choice between predictable salaried employment and less certain entrepreneurship.
- Practice question 2
An occupation classified as 'extractive' (a sub-type of industrial occupation) would include activities such as
- A.Retailing of consumer goods
- B.Mining, fishing, or forestry, which involve obtaining raw materials directly from nature
- C.Banking and insurance
- D.Teaching and legal practice
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B. Mining, fishing, or forestry, which involve obtaining raw materials directly from nature
Extractive occupations, such as mining, fishing or forestry, involve obtaining raw materials directly from nature.
- Practice question 3
Remuneration (pay) is an important factor in occupational choice mainly because it
- A.Is irrelevant to job satisfaction
- B.Has no bearing on a person's standard of living
- C.Is determined solely by the worker's age
- D.Directly affects a worker's income and ability to meet personal and family needs
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D. Directly affects a worker's income and ability to meet personal and family needs
Remuneration directly affects a worker's income and their ability to meet personal/family financial needs.
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