Personal Financial Literacy Chapter 1 Test-Lopus
Chapter 1 test
Terms in this set (50)
refers to the job openings that are available when you are ready to go to work.
The unique skills and abilities that you bring to the job market.
measurable physical and mental abilities that allow you to complete a job.
nontechnical skills needed by most workers for success on the job.
Describes what a job would be like, including the tasks performed and the skills needed.
A principle that reflects the worth you place on an idea or action.
A desired outcome based on one's values for which a plan of action is carried out.
Learning as you do the work.
Learning new skills from reading and practicing on your own.
Refers to all of the activities related to making and distributing goods and services in a geographic area or country.
Based on the laws of supply and demand.
The alternating periods of growth and decline in the economy, which may be displayed graphically.
The expense paid by students for the instruction at a school.
Money you receive from some outside source to help pay for education.
Money given to pay for educational expenses that does not have to be repaid.
A gift of money or other aid awarded to a student to help pay for education.
A group of friends and acquaintances who keep in contact and share information.
Spending time observing a worker in a type of job that interests you.
A type of employment specialist who seeks out highly qualified people to fill upper-level positions for an employer.
Provides part-time and full-time jobs on a temporary basis
A form that asks you basic questions about your background, such as your work history, education, skills, and references.
A face-to-face meeting with a potential employer to discuss a job opening.
Contact with the prospective employer after the interview but before a person is actually hired for the opening.
Willingness and ability to buy goods and services.
When the needs and wants of the consumers cannot be matched.
The quantity of goods and services that producers are willing to provide.
Studies the economy.
Study of how choices are made by individuals and society.
Subsidized Student Loan
A loan on which interest is not charged until after you graduate.
Cooperative Work Experience
Where students attend class part of the day and then go to a job that provides supervised work.
Designed for easy reading by a scanner and contains key words from the career or job opening.
Help job seekers find a job for which they qualify.
A type of computer program known as an intelligent agent.
A statement of your character, abilities, and experiences that is written by someone who can be relied on to give a sincere report.
People who have known you for several months to a year or longer and are willing to provide information about your skills, character, and achievements.
Serves to introduce you to a prospective employee. It gives you a chance to briefly explain or "sell" your qualifications and to make a good first impression.
Shows appreciation for the time taken to interview you.
A graduate degree. Usually require one to three years of additional study. The time needed depends on your background and the type of degree.
Requires three to seven years of study beyond a master's degree in the same field. The course requires research Some programs require internships or have residency requirements.
Classes must be taken in person on campus or at a specific facility, such as at a hospital for medical training .
Money paid for the use of borrowed money.
A set of moral values that people consider acceptable; the study of what is right versus wrong.
Students who are qualified are able to work on campus and are paid at contracted rates.
Unsubsidized Student Loan
Interest is charged from the time the loan is made.
A person you know such as a relative or friend.
Post job openings at the school and provide information to qualified students so they can apply.
The point at which the economy is as robust as it can get.
Jobs are being lost, production is slowing, and people are pessimistic .
The bottom; the economy is at a standstill
Commonly earned at community colleges after two years of study.