Tolland Personal Finance Chapter 1
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| Terms |
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| Definitions |
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| Technology |
A general term for improvements in work methods and equipment that increases productivity |
| Productivity |
the amount a worker produces in an hour |
| Job Analysis |
An evaluation of the positive and negative attributes of a given career choice |
| Salary |
the amount of monthly or annual pay that you will earn for labor |
| Benefits |
Company supplied supplements to salaries |
| Promotion |
the ability to advance, accept more responsibilities and work your way to higher positions |
| Employee Expenses |
include any costs paid by the employee that are not reimbursed by the employer |
| Work Characteristics |
the daily activities at work |
| Entrepreneur |
someone who organizes, manages and assumes the risk of business ownership |
| Upgrading |
advancing to higher levels of skill to increase your usefulness to an employer |
| Retraining |
learning new and different skills to retain your level of employability |
| Advanced Degrees |
specialized, intensive programs to prepare students for higher level work responsibilities |
| Networks |
communication lines established for people to better share and discusss information |
| Self-Assessment Inventory |
lists an individuals strengths, weaknesses and identifies strategies to improve weaknesses |
| 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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