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Which of the following statements is NOT true?
Career choices require periodic evaluation of trade-offs related to various factors.
Career choice decisions do not have risks and opportunity costs.
The steps of the financial planning process can provide an approach to chareer planning.
Thang jobs seven times in a lifetime.

Ask by Barrett Coleman. in the United States
Jan 23,2025

Upstudy AI Solution

Tutor-Verified Answer

Answer

The statement that is NOT true is:
"Career choice decisions do not have risks and opportunity costs."

Solution

The statement that is NOT true among the options provided is:
"Career choice decisions do not have risks and opportunity costs."

Explanation of Each Statement:

  1. Career choices require periodic evaluation of trade-offs related to various factors.
    • True. Career decisions often involve weighing different factors such as salary, job satisfaction, work-life balance, growth opportunities, and more. Regular evaluation helps individuals ensure their career paths align with their evolving goals and circumstances.
  2. Career choice decisions do not have risks and opportunity costs.
    • Not True. Every career decision inherently involves risks (e.g., job stability, market demand) and opportunity costs (e.g., the benefits you forego by not choosing an alternative path). Recognizing these factors is crucial for making informed career choices.
  3. The steps of the financial planning process can provide an approach to career planning.
    • True. Financial planning and career planning share similarities, such as goal setting, evaluating options, assessing risks, and making strategic decisions. Using a structured approach from financial planning can enhance the effectiveness of career planning.
  4. Change jobs seven times in a lifetime.
    • Generally True. While the exact number can vary, research and surveys often indicate that individuals change jobs multiple times throughout their careers. The figure “seven” is sometimes used as an average estimate, though it can differ based on industry, personal circumstances, and economic factors.

Conclusion

Career choice decisions do involve risks and opportunity costs. Therefore, the second statement is not true.
Answer:
Career choice decisions do not have risks and opportunity costs.

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The Deep Dive

Career choice decisions do not have risks and opportunity costs. This statement is a big no-no! Every career decision involves weighing pros and cons, which means some amazing opportunities might slip away while you’re aiming for your dream job. Understanding these trade-offs is key to making informed choices!
Thang jobs seven times in a lifetime might sound overwhelming, but it’s increasingly common in today’s fast-paced work world. Embracing this flexibility can lead to greater job satisfaction and maybe even discovering your true passion along the way. So don’t fret—evolving careers are often a recipe for success!

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