Employment and Economic Activities Quiz

An activity done to earn money for living

An activity done for enjoyment, not for money.

These activities, though serving the similar purpose, may have various end results as driven by different objectives

Working for another person or company, with agreed-upon terms and conditions.

Formal or informal agreement that outlines terms of employment.

Compensation for work, often set in advance and may increase.

System for setting employee pay based upon hours/duration & responsibilities.

Legal protections and benefits given to workers.

Jobs requiring specific skills or education.

Consistent pay or wages from employment.

A commercial activity involving production or buying and selling goods/services for profit.

A job requiring specialized knowledge and training, often with membership in a professional body.

A job performed under a contractual agreement with an employer.

An activity undertaken for financial gain, creating utilities like form, time, and place.

An activity performed for personal satisfaction, fulfilling needs, or fulfilling obligations outside of financial gain.

An activity that produces or provides something of value, either as a one-time event or a regular practice.

Changing raw materials into finished products, thereby enhancing value.

Making goods available when consumers want them.

A regular economic activity, often considered a profession, employment, or business.

Making goods available where consumers want them.

A type of occupation where people work for an organization for a salary.

A specialized occupation requiring specific skills, knowledge, and often a formal qualification.

Rules and guidelines that govern the duration, payment, and location of work.

Compensation received for work, often daily or weekly, in an employment setting.

A legal agreement between the employer and employee.

A framework of knowledge and understanding in a given profession, used to perform tasks.

Specific criteria required for entry into a profession, most often includes a formal qualification.

Groups or organizations representing professional members, influencing conduct.

Focus on providing services and care to people.

A set of guidelines that dictate acceptable behavior within a professional field.

An activity motivated by the desire for financial gain.

An activity performed for reasons other than financial gain, often for personal fulfillment or social reasons.

Continuous production & distribution of goods/services to satisfy needs.

Buying/selling goods, wholesaling, manufacturing, creating utilities (form, time, place).

Employment is a contract with an employer, while a profession needs specific qualifications or experience.

Human beings continuously seek to fulfill various desires.

Adding value to products or services by changing their form, time, or place.