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Chapter 18 Keyterms
| Term | Definition |
|---|---|
| Application Forms | Forms or records completed when applying for a job |
| Budget | An itemized list of income and expected expenditures for a period of time |
| Cover Letter | Letter written with the purpose of obtaining an interview |
| Deductions | Things subtracted or taken out (for example monies taken taken out of a paycheck for various purposes.) |
| Externships | Learning opportunities offered by educational institutions to give students short, practical experiences in their field of study |
| Fixed Expense | Those items in a budget that are set and usually do not change |
| Gross Income | Amount of pay earned before deductions are taken out |
| Income | Total amount of money received in a given period |
| Internship | On the job training that provides students with an opportunity to gain experience in their feild of study |
| Job Interviews | A face to face meeting or conversation between an employer and an applicant for a job |
| Letter of Introduction | Letter written with the purpose of obtaining an interveiw |
| Net Income | Amount of pay received for hours worked after all deductions have been taken out |
| Resume | A summary of a persons work history and experience submitted when applying for a job |
| Variable Expenses | In a budget an expense that can change or be adjusted |