Your Job and the Future it holds for you Q6

Question 1

The construction industry employs about ? of all the workers in the U.S.A.

Answer 1

5%

Question 2

True or False? Lowering the prime interest rate can lead to increased employment.

Answer 2

True

Question 3

The ? of construction workers is one of the most critical factors in shaping our economy and keeping it rolling.

Answer 3

Quality

Question 4

Which goods-producing sector of the economy of the U.S.A. is expected to continue to grow?

Answer 4

Construction

Question 5

The construction industry is projected to expand by nearly ? annually.

Answer 5

10%

Question 6

True or False? Over 10% of the total construction workforce is employed by electrical contractors.

Answer 6

True

Question 7

Select three major reasons why quality performance by skilled Electrical Workers is essential.

Answer 7

II.It ensures that Americans continue to have a high standard of living.
III. It keeps our country competitive.
V. Our nation runs on electricity.

Question 8

America may be facing not only a ? of labor, but it is also confronting a shortage of ? labor.

Answer 8

shortage / skilled Correct

Question 9

From the choices below, which modern developments provide employment opportunities in the electrical construction industry for those who prepare for it?

Answer 9

Factory automation, electronic innovations, and lasers
Fiber optics and nuclear, solar, and wind power
Smart houses and intelligent buildings Incorrect
Superconductivity and computerization Incorrect
e. All of the above Correct

Question 10

Of the thousands of electrical contractors who run union shops in the U.S., over ? once worked at the trade.

Answer 10

80%

Question 11

From the list, select two things you must grasp to succeed in the electrical construction industry.

Answer 11

IV. Striving to be an asset to the electrical contractor who employs you
V. Technical know-how

Question 12

The opportunity to succeed in the electrical construction industry exists as a result of a ? effort by the IBEW and ? .

Answer 12

cooperative / NECA

Question 13

Why should the apprentice learn to appreciate contractors and the responsibilities they have? Answer this question by selecting the best answer from the following

Answer 13

Because the apprentice’s future is directly tied to the contractors’ success or failure Correct

Question 14

List the five steps a contractor must take before going into business.

Answer 14

I. Arrange financing
II. Buy equipment
V. Hire supervisory and nonproductive help
VII. Obtain jobs
VIII. Obtain an adequate supply of skilled labor

Question 15

Of the steps that a contractor must follow before going into business, which step makes the IBEW possible?

Answer 15

Obtain an adequate supply of skilled labor

Question 16

What is “labor” to the contractor? From the list below, select the three best responses.

Answer 16

I. Labor is the means by which to get the job done.
II. Labor is the public relations department of the business as far as the customer is concerned.
III. Labor can be the difference between profit and loss, success and bankruptcy.

Question 17

Name four costs of doing business that are considered as overhead (operating expenses).

Answer 17

II. Equipment, office
III. Financing
VI. Obtaining jobs
VII. Supervisory and nonproductive help

Question 18

The price a customer pays for a common electrical job is broken down into four major financial categories. Select the correct four financial categories from the list below.

Answer 18

III. Labor
IV. Material
V. Overhead
VI. Profit

Question 19

Why is management vitally interested in apprentice and Journeyman Electrical Worker training?

Answer 19

all of the above