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personal finance
chapter 1 & 2 study guide
| Term | Definition |
|---|---|
| salary | The amount of monthly or annual pay that you will earn for your labor |
| promotion | the act of moving someone to a higher or more important position or rank in an organization |
| employee expenses | expenses that are incurred in the performance of the duties of the employment and are directly related to the 'nature of the employee's employment'. |
| employee benefits | sick pay, vacation time and profit sharing are examples of benefits |
| networks | informal groups of people with common interests who interact for mutual assistance |
| job shadowing | a popular on-the-job learning, career development, and leadership development intervention |
| self assessment inventory | strengths and weaknesses |
| work history | Information about an individual's past employers |
| entrepreneur | someone who assumes the ownership risks of a new business |
| head hunter | a person who identifies and approaches suitable candidates employed elsewhere to fill business positions. |
| temp agencies | employment agencies that find employees to fill short-term |
| cooperative education | a structured method of combining classroom-based education with practical work experience. |
| aptitude | a natural physical or mental ability that allows you to do certain tasks well |
| identity | who they are and how they fit in |
| value | the ideals in life that are important to you |
| goals | a desired result a person or a system envisions, plans and commits to achieve a personal or organizational desired end-point |
| examples of online sources of career advice | o*net |
| difference between entrepreneur and employement | entrepreneur is one who does the employing and employment is one who gets employed by the entrepreneur. |