Final Exam: Career Awareness, Periods 5, 7, & 8

1.  Read the article "Time is Money" here by Gary North.

2.  Next, answer the following questions at your blog.  Below the agenda here you see several questions.  Answer those questions with complete sentences at your blog. 

3.  Write a four-paragraph review of the article, using the four-paragraph review that is posted on this site.  Get this done.  Ask yourself this question: Do I want a passing grade?  Do I want my time in this class from February to June to mean anything?

Questions

1.  What does the author mean when he says, "money can buy you time, which is why we pay physicians and pharmaceutical companies after we have heart attacks"?

2.  Reread the paragraph that starts "But 25% more pay is not the heart of the matter."  The author then says, "People who start businesses are more likely to get rich than anyone else."  According to the author, why is this true?

3.  Explain in your owns words what the heading "The High Cost of Leisure" means given what has been covered so far in the article.  

4.  In what year in human history did productivity begin its "steady upward rise . . . of 2.5% per annum"?

5.  What was Thomas Edison's contribution to "overcoming nature"?  How did his invention overcome nature?

6.  According to the author, how do most of us overcome nature?

7.  According to the author, why do most people don't like to work?

8.  According to Dr. North, how many hours does it take for a person to become competent with something?  Divide that number by 365 and you will get the number of years it takes to be competent.  How many years does it take for someone to be competent at computer engineering or selling real estate?  How many years does it take for someone to be a master of a skill?

9.  Gary North's article promotes and privileges creators over consumers.  He says, "What most people do not recognize early enough is that they should find employment in a field in which the compounding process produces a sense of personal achievement that lures them back into an ever-greater investment of their time. The compounding process is what produces success, but the front-end costs, especially psychological costs, keep out most people. They willingly serve as salary earners rather than creators."  What does he mean by the "compounding process"?

10.  In his section on "The Problem With Schools," Gary North says that great teachers are not allowed to multiply themselves.  What does he mean by multiplying one's self?

11.  According to Dr. North, who in the free-market is king and the person to whom we should serve?

12.  What lesson can you learn from the following story.  "There is a man in my church who owns and operates motels. Back in the 1980s, he was in college, earning a degree in physical education. He was also making $60,000 a year in the motel business. His coach told him to quit school. "You're making more money than I am. Why do you want to teach junior high school boys, whose parents will be on your back to give their kid more playing time?" He wisely dropped out of college."
End of Questions