Personal Finance Test 2

28 terms by jpg123

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job

work that you do to earn money

career

a commitment to a working field that you are interested in fulfilling

standard of living

measure of a quality of life based on the amounts and kinds of goals and services

what is a trend?

developments that mark changes in a particular area

Trend in workforce

demographic trends

Potential Earning Power

Amount of money you earn overtime

Aptitudes

natural abilities that people posses
Ex: being good at math, singing

Interest Inventories

tests that help you identify what you enjoy the most

What factors can impact potential earning power?

aptitudes

Demographic trend

reveal developments and changes in human population

Geographic trend

trend that occurs in certain part of world

Economic trend

way people spend money

Industry & Technology Trends

what industries based on consumer's needs

Service Industry

an industry that provides services rather than tangible objects

part-time work

temporary employment for less than the standard 40 hour work week

cooperative education

programs that allow students to enhance, classroom learning with part time work related to their majors and interests

internship

A position in which a person receives training by working with people who are experienced in a certain field

Where can you get career info?

libraries, mass media, internet, etc.

What is a job fair?

you can meet many people and are open to national and local job offers and opportunities

Employment agencies

businesses that match job hunters with employments; must pay the agencies (downside)

Where can you see job advertisements?

Internet, local newspapers

3 ways to find a job?

visit, call, network

Social Security tax

a federal tax paid for old-age, survivors, and disability insurance; taken out of paycheck

Cafeteria-style employee benefits

Programs that allow workers to choose the benefits that best meet their personal needs

Tax exempt benefits

Benefits that are not taxed.

pension

a regular payment to a person that iis intended to allow them to subsist without working

mentor

a wise and trusted guide and advisor

How can you ensure that your career will be long-term, successful and satisfying?

If you enjoy work each day
-good work habits
-good communication skills
-willing to learn new things

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