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Finance chap. 1 test
review for chapter 1 test in finance with vocab and vital facts
| Question | Answer |
|---|---|
| subsidized student loan | a loan that is not charged until student graduates |
| goal | A desired outcome based on ones values |
| social network | a group of friends and acquintances who keep in contact and share info |
| headhunter | an employment specialist who seeks highly qualified people to full upper level positions for an employer |
| tuition | the expense paid by students for the instruction at a school |
| soft skills | nontechnical skills needed by most workers for success on the job |
| ethics | a set of moral values that people consider acceptable |
| skill set | unique skills and abilities that you bring to the job |
| refrences | people who have known you and can provide info about your job skills, character, and achievements |
| supply | the quantity of goods and services that producers are willing and able to provide |
| job shadowing | spending time observing a worker in a type of job that interests you |
| business cycle | the alternating periods of growth and decline in the economy |
| resume | a summary of your work experience, education, skills, and interests that qualify you for a job opening. |
| scholarship | a gift of money or other aid awarded to a student to help pay for education |
| economy | activities related to making and distributing goods and services in a geographical area or country |
| value | a principle that reflects the worth you place on an idea or action |
| job description | describes what a job would be like including tasks and skills needed |
| demand | the willingness of consumers to buy goods and services |
| hard skills | measurable physical mental abilities that allow you to complete a job |
| job interview | a face to face meeting with a potential employer to discuss a job opening |
| Hard skills are important in getting a job, but soft skills are less important when it comes to keeping a job (true/false) | false |
| Soft skills can be learned through education and practice (true/false) | true |
| Job choices you make in your life will not affect your income (true/false) | false |
| Generally, the higher the education level you achieve, the higher income you can expect to make (true/false) | true |
| You can stay qualified in a career field with lifelong learning (true/false) | true |
| Honesty is an example of a value (true/false) | true |
| Informal education includes things such as self-training and classes you would take at a college (true/false) | false |
| Which of the following is a type of "follow-up" for a job candidate? job application resume application letter thank-you letter | thank you letter |
| what provides part-time and full-time jobs on a temporary basis? | temporary agency |
| Financial aid that begins charging interest as soon as the loan is granted is called a(n) | unsubsidized loan |
| Where can you get advanced training beyond a four-year degree? | graduate program |
| Which of the following is a student organization for business students? | FBLA (future business leaders of america) |
| The stage of the business cycle where the bottom is reached and the economy is at a standstill is called the ? | trough |
| is a college class a type of informal education? | no, its formal bc formal is self learning; more private |
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1010159