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Finance Literacy ch2

Vocab

TermDefinition
Job Work that you do mainly to earn money.
Career A commitment to work in a field that you find interesting and fulfilling.
Standard of living A measure of quality of life based on the amounts and kinds of goods and services a person can buy.
Trends Developments that mark changes in a particular area.
Potential Earning Power The amount of money you may earn over a period of time.
Aptitudes The natural abilities people posses.
Interest inventories Tests that help you identify the activities you enjoy the most.
Demographic trends Tendencies of people grouped by age, gender, ethnicity, education, or income that changes over time.
Geographic trends Tendencies of people moving from one area of the country to another as financial centers shift location.
Service industries Businesses that provide services for a fee, offer employment potential in coming years.
Internship A position in which a person receives training by working with people who are experienced in a particular field.
Cooperative Education programs that allow students to enhance classroom learning with part-time work related to their majors and interests.
Networking A way of making and using contacts to get job information and advice.
Informational Interview A meeting with someone who works in your area of interest who can provide you with practical information about the career or company you are considering.
Resume A one- or two-page summary of your education, training, experience, and qualifications.
Cover Letter The personal letter that you present along with your résumé.
Cafeteria-Style Employee Benefits Programs that allow workers to choose the benefits that best meet their personal needs.
Pension Plan A retirement plan that is funded at least in part by an employer.
Mentor An experienced employee who serves as a teacher and counselor for a less-experienced person.
Created by: tythran