1.
Monetary transactions and barter transactions are two types of exchanges.
2.
Anything that holds exchange value.
A. 
B. 
C. 
D. 
3.
Has no value until it is exchangeable for goods and services.
A. 
B. 
C. 
D. 
4.
The compensation an employee recieves for his or her services.
A. 
B. 
C. 
D. 
5.
Preferred commodities were chosen for many different reasons: including ease of storage, ease of transport and inexpensiveness.
6.
The amount of money that must be exchanged for a good or service.
A. 
B. 
C. 
D. 
7.
Gold is the common denominator or thread of exchange.
8.
Refers to how much of a product consumers are willing to purchase.
A. 
B. 
C. 
D. 
9.
Some jobs pay more because the skills required are not scarce in the labor force, meaning fewer people possess these skills.
10.
Considering market forces can help you make informed career decisions.
11.
Setting your _________ is an important factor to consider when searching for employment.
A. 
B. 
C. 
D. 
12.
The mathematical "mean" of the salaries of all people employed in that position.
A. 
B. 
C. 
D. 
13.
A job or position offered to an inexperienced person that usually pays low wages but provides training and experience and the prospect of future advancement.
A. 
B. 
C. 
D. 
14.
Identified minimum and maximum range of compensation.
A. 
B. 
C. 
D. 
15.
Supply and demand can affect salary ranges.
16.
The industry itself can affect salary ranges.
17.
A level of material comfort as measured by the goods, services, and luxuries available to an individual, group, nation, or socioeconomic group.
A. 
B. 
C. 
D. 
18.
The amount of money required to purchase the things you need to maintain your standard of living.
A. 
B. 
C. 
D. 
19.
A department in an organization that supports the hiring process by preparing job descriptions, screening applicants, scheduling interviews, and passing on qualified candidates to the hiring manager
A. 
B. 
Human resource department
C. 
D. 
Administration department
20.
A person who applies for or requests something; a candidate.
A. 
B. 
C. 
D. 
21.
____________ often conduct employment surveys that may include salary information, or they may have access to other salary surveys.
A. 
B. 
C. 
D. 
22.
The level of education, experience, skills, and responsibilities required of the position also contribute to the salary range.
23.
Refers to how much of a product is offered to the market.
A. 
B. 
C. 
D. 
24.
Money has no value until it is exchangeable for goods and services.
25.
Once you have identified positions and industries, you can research salaries using job listings and employers, associations, career/placement offices, network contacts, and the Internet.