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Intro to Business MB

TermDefinition
Annual recurring, done, or performed every year; yearly
Greater than full time more than 40 hours per week; see Work schedules
High school diploma or equivelant award or credential that is equivalent to a high school diploma; see Education
Labor force the sum of all persons 16 years and older in the civilian noninstitutional population who are either employed, or unemployed but available for work and actively looking for work
Licenses permissions granted by government agencies or other accrediting bodies that allow someone to work in a particular occupation or perform certain duties
Occupational earnings opportunities to enter an occupation; openings occur when occupations grow, creating new jobs, and when workers leave an occupation permanently, resulting in the need to replace them
Supply of workers the number of people in the labor force; for most occupations, the supply of workers is smaller than the total number in the labor force because the supply is limited to those with particular education or training requirements
Training see On-the-job training
Union Membership the group of workers who join labor unions, hold union memberships, and enjoy benefits of the organized, coordinated efforts of the union to improve the work environment; also, the status of being a member of a union
Vocational school a secondary school that teaches vocational trades, such as construction trades; vocational schools may or may not award degrees
Created by: MKBeckley
 

 



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