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Tolland Personal Finance Chapter 1

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Terms
Definitions
Technology   A general term for improvements in work methods and equipment that increases productivity  
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Productivity   the amount a worker produces in an hour  
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Job Analysis   An evaluation of the positive and negative attributes of a given career choice  
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Salary   the amount of monthly or annual pay that you will earn for labor  
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Benefits   Company supplied supplements to salaries  
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Promotion   the ability to advance, accept more responsibilities and work your way to higher positions  
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Employee Expenses   include any costs paid by the employee that are not reimbursed by the employer  
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Work Characteristics   the daily activities at work  
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Entrepreneur   someone who organizes, manages and assumes the risk of business ownership  
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Upgrading   advancing to higher levels of skill to increase your usefulness to an employer  
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Retraining   learning new and different skills to retain your level of employability  
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Advanced Degrees   specialized, intensive programs to prepare students for higher level work responsibilities  
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Networks   communication lines established for people to better share and discusss information  
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Self-Assessment Inventory   lists an individuals strengths, weaknesses and identifies strategies to improve weaknesses  
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Examples of US Governement Publications providing information about careers   DOT: Dictionary of Occupational Titles, OOH: Occupational Outlook Handbook, MLR: Monthly Labor Review  
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