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Learning to Manage
Succeeding in Life & Career Ch. 4 Vocabulary
| Term | Definition |
|---|---|
| budget | A plan to help manage money wisely. |
| community resources | Facilities that are shared by many people, such as parks, schools, and libraries. |
| decision | A conscious or unconscious response to a problem or issue. |
| decision-making process | A logical, step-by-step method people can use to make the decisions that are best for them. |
| emulation | The act of imitating the behavior of other people around you. |
| flexible expenses | A cost that occurs repeatedly, but which varies in amount from one time to the next. |
| fixed expenses | A set amount of money that a person is committed to pay, such as a monthly car payment. |
| fringe benefits | Employee benefits provided by an employer such as insurance, profit-sharing plans, and paid vacations. |
| goal | An aim a person is consciously trying to reach |
| gross income | The total amount of money an employee earns before deductions. |
| hourly wage | A set amount of money paid to an employee for each hour of work. |
| human resources | A resource, such as knowledge, energy, a skill, or a talent, that comes from within a person. |
| implement | To carry out. |
| long-term goal | A goal that takes several months or years to achieve. |
| management | Wisely using means to achieve goals. |
| management process | A series of steps that helps people plan how to best use resources to achieve goals. |
| material resources | Resources that are not physically or mentally part of a person, including time, money, possessions, and community resources. |
| multitasking | Combining tasks or working on more than one task at a time. |
| natural resources | Resources taken from the land, such as agricultural products, forest products, and fossil fuels. |
| net income | The amount of money left after all deductions have been taken from an employee’s gross pay. |
| resources | Time, object, service, or ability used to achieve goals. |
| salary | A set amount of money paid to an employee for a certain period of time. |
| short-term goal | A goal that takes a short time to reach, such as an hour, a day, or a week. |
| time management | The ability to plan and use time well. |
| visionary goal | A goal that inspires people to do more than they thought they were capable of achieving. |
Created by:
jenselau000
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