Wall Street Cover Story

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| By Essmbss

Essmbss

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Quizzes Created: 5 | Total Attempts: 3,158

Questions: 10 | Attempts: 164 | Updated: Mar 21, 2023

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Cover Story of May Edition Wall Street Journal

Questions and Answers

1.

One million teens have left the labor force since the recession began in 2007.
- A.
  
  True
- B.
  
  False
Correct Answer
A. True

Explanation
The statement suggests that since the recession started in 2007, one million teenagers have stopped participating in the labor force. This implies that these teenagers have either become unemployed or have chosen to not seek employment. Therefore, the answer "True" indicates that the statement is correct.

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2.

Ten years ago, 75% of 16- to 19-year olds had a summer job.
- A.
  
  True
- B.
  
  False
Correct Answer
B. False

Explanation
Ten years ago, the statement claims that 75% of 16- to 19-year olds had a summer job. However, without any further context or evidence, it is not possible to determine the accuracy of this statement. Therefore, the answer is false as it cannot be confirmed or verified.

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3.

Summer jobs won’t help you get into college.
- A.
  
  True
- B.
  
  False
Correct Answer
B. False

Explanation
This statement is false. Summer jobs can actually help students get into college. Having a summer job can demonstrate responsibility, work ethic, and time management skills to college admissions officers. It can also provide valuable experiences and opportunities for personal growth and development. Additionally, summer jobs may allow students to save money for college expenses or contribute to their college fund. Therefore, summer jobs can have a positive impact on college admissions and can be beneficial for students.

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4.

Teens say they don’t like to work at fast-food restaurants because there’s no opportunity for advancement.
- A.
  
  True
- B.
  
  False
Correct Answer
B. False

Explanation
The statement suggests that teens do not like to work at fast-food restaurants because they believe there is no opportunity for advancement. However, this statement is false. Many fast-food chains offer opportunities for advancement, such as promotions to managerial positions or the chance to gain valuable work experience. Therefore, it is incorrect to say that there is no opportunity for advancement in fast-food restaurants.

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5.

Many organizations accept teen volunteers as young as 16.
- A.
  
  True
- B.
  
  False
Correct Answer
A. True

Explanation
Many organizations have programs that accept teen volunteers who are as young as 16. This is because 16 is generally considered to be an age where individuals have developed enough maturity and responsibility to contribute effectively as volunteers. Additionally, involving young volunteers can provide them with valuable learning experiences and help them develop important skills for their future. Therefore, it is true that many organizations accept teen volunteers as young as 16.

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6.

Having a paying job or volunteer position is important for teenagers because it can..
- A.
  
  Teach them responsibility
- B.
  
  Help them develop basic job skills
- C.
  
  Improve their self-confidence
- D.
  
  A and B only
- E.
  
  All of the above
Correct Answer
E. All of the above

Explanation
Having a paying job or volunteer position is important for teenagers because it can teach them responsibility, help them develop basic job skills, and improve their self-confidence. By having a job or volunteer position, teenagers learn the importance of being accountable and reliable. They also gain practical skills such as time management, communication, and teamwork. Additionally, the experience of working or volunteering can boost their self-esteem and belief in their abilities. Therefore, all of the above reasons make having a paying job or volunteer position valuable for teenagers.

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7.

Having a fast-food job on a résumé gives a teen experience in...
- A.
  
  Interacting with customers
- B.
  
  Physical labor
- C.
  
  Money management
- D.
  
  A and B only
- E.
  
  All of the above
Correct Answer
A. Interacting with customers

Explanation
Having a fast-food job on a résumé gives a teen experience in interacting with customers because working in fast-food requires constant interaction with customers. Fast-food employees have to take orders, handle complaints, and provide customer service. This experience helps teens develop their communication and interpersonal skills, which are valuable in any future job or career.

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8.

Teens think jobs aren’t available because..
- A.
  
  That’s what their friends say
- B.
  
  That’s what the media say
- C.
  
  That’s what employers say
- D.
  
  A and B only
- E.
  
  All of the above
Correct Answer
D. A and B only

Explanation
The correct answer is A and B only. This is because teens may think jobs aren't available based on what their friends say and what the media portrays. Their friends may have had difficulty finding jobs and may have shared their experiences, leading the teens to believe that jobs are scarce. Additionally, the media often highlights stories of unemployment and job market challenges, further reinforcing the perception that jobs are not readily available. However, the answer does not include "That's what employers say," as this is not mentioned as a reason for teens thinking jobs aren't available.

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9.

What is William McCraney’s biggest challenge with his video-to-DVD business?
- A.
  
  Managing his profits
- B.
  
  Dealing with customer complaints
- C.
  
  Finding time for a social life
- D.
  
  Computer problems slowing his productivity
- E.
  
  Holding down sales volume during the school year
Correct Answer
E. Holding down sales volume during the school year

Explanation
William McCraney's biggest challenge with his video-to-DVD business is holding down sales volume during the school year. This suggests that there is a significant increase in sales during the school year, which may put a strain on the business's resources and ability to meet demand. The challenge lies in managing and balancing the sales volume to ensure smooth operations and customer satisfaction throughout the year.

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10.

Some teens are finding volunteer work helping nonprofits with..
- A.
  
  Social networking
- B.
  
  Web marketing
- C.
  
  Fund raising
- D.
  
  A and B only
- E.
  
  All of the above
Correct Answer
D. A and B only

Explanation
The correct answer is A and B only because the statement mentions that teens are finding volunteer work helping nonprofits with social networking and web marketing. There is no mention of teens helping with fund raising, so option C is not included. Additionally, option D is not correct because it includes all of the above, which would also include option C.

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Current Version
Mar 21, 2023

Quiz Edited by
ProProfs Editorial Team
May 11, 2010

Quiz Created by
Essmbss

Wall Street Cover Story

One million teens have left the labor force since the recession began in 2007.

Ten years ago, 75% of 16- to 19-year olds had a summer job.

Summer jobs won’t help you get into college.

Teens say they don’t like to work at fast-food restaurants because there’s no opportunity for advancement.

Many organizations accept teen volunteers as young as 16.

Having a paying job or volunteer position is important for teenagers because it can..

Having a fast-food job on a résumé gives a teen experience in...

Teens think jobs aren’t available because..

What is William McCraney’s biggest challenge with his video-to-DVD business?

Some teens are finding volunteer work helping nonprofits with..