Financial Literacy: Chapter 11: Finances & Career Planning

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Finance

23 Terms

1

job

work that you do mainly to earn money

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2

career

is a commitment to work in a field that you find interesting and fulfilling

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3

standard of living

A measure of quality of life based on the amounts and kinds of goods and services a person can buy.

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4

trends

developments that mark changes in a particular area indicate that some people are making career decisions, such as declining a promotion, that allow them to spend more time with their families or to enjoy their hobbies and interests.

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5

potential earning power

the amount of money you may earn over time

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6

Aptitudes

are natural abilities that people possess

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7

interest inventories

are tests that help you identify the activities you enjoy the most

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8

demographic trends

tendencies of people grouped by age, gender, ethnicity, education, or income that change over time

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9

geographic trends

are tendencies of people moving from one area of the country to another as financial centers shift location.

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10

service industries

are businesses that provide services for a fee

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11

internship

is a position in which a person receives training by working with people who are experienced in a particular field

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12

Cooperative Education

programs that allow students to enhance classroom learning with part-time work related to their majors and interests

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13

Networking

A way of making and using contacts to get job information and advice

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14

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

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15

resume

is a one- or two-page summary of your education, training,experience, and qualifications

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16

cover letter

is the personal letter that you present along with your resume

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17

cafeteria-style employee benefits

programs that allow workers to choose the benefits that best meet their personal needs

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18

pension plan

a retirement plan that is funded at least in part by an employer

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19

mentor

is an experienced employee who serves as a teacher and counselor for a less-experienced person.

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20

flexible

adjustable

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21

Asset

benefit

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22

wealth

large amount

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23

fixed

unchanging

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