Work Force Essentials

Terms in this set (38)

Job
work one does for pay
career
a series of related jobs built on a foundation of interest, knowledge, training, and experience.
lifestyle
the way you use your time, energy, and resources.
economy
the ways in which a group produces, distributes, and consumes its goods and services.
job market
demand for particular jobs.
team
an organized group that sets goals, makes decisions, and implements actions within a company
outsourcing
businesses hire other companies or individuals to produce their services or goods.
lifestyle goals
the way you want to spend your time, energy, and resources in the future.
values
the principles that you want to live by and the beliefs that really matter to you.
data
information, ideas, facts, symbols, figures, or statistics.
aptitude
potential for learning a certain skill.
ability
a skill you have already developed
personality
the combination of your attitudes, behaviors, and characteristics
self-concept
the way you see yourself
learning styles
the ways that people naturally think and learn
cooperative program
local corporations that team up with schools, hiring students to perform jobs that are taught in their high school classes.
job shadowing
involves following a worker for a few days on the job, means learning the ropes by watching and listening.
internship
more formal position and usually requires a longer-term commitment than volunteering.
work environment
your physical and social surroundings that affect your well-being.
flextime
workers construct their work schedules to suit their lives.
benefits
health insurance, paid vacations, holiday time, and retirement plan.
entreprenuer
someone who organizes and then runs a business
start-up cost
expenses involved in going into business.
lease
a contract to use something fro a specified period of time
market outlook
the potential for future sales
franchise
the legal right to sell a company's goods and services
corporation
a business chartered by the state that legally operates apart from the owner(s)
operating expenses
the costs of doing business, such as the cost of manufacturing and selling the product.
income statement
a summary of business's income and expesnse during a specific period.
revenue
income from sales
net profit
the amount left after operating expenses are subtracted from the gross profit
gross profit
the difference between the cost of goods and their selling price
job lead
information about a job opening
networking
communicaing with people you know or can get to know to share information and advice
referral
someone to whom you have beeen directed by a contact who is already part of your network
references
people who will recommend you to an employer
resume
a brief summary of your personal information, education, skills, work experience, activites and interests
cover letter
a one-page letter telling the employer who you are and why you're sending your resume.
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