Final Exam Terms

1. Final Exam Terms The Terms to a Successful Future

2. Section 1 administrative: to manage or supervise applied science: taking scientific principles or methods and using them to solve definite problems aptitude: a natural ability attitude: a mental position or emotion linked to an idea, fact, or situation balance: a state of equality between amounts

3. Section 1 (cont.) budgeting: planning and balancing one’s expenses against one’s income career: the combined total of all the events in our lives, from the time we’re born until we die, including education, work, family, leisure activities, and more career counselor: a person trained in helping others plan their career paths

4. Section 1 (cont.) career planning: determining a career path, especially using knowledge of personal interests, skills, and dreams. Requires an investigation of the educational and skill requirements of a variety of occupations civic-mindedness: the inclination to look after the needs and interests of fellow citizens and the community at large

5. Section 1 (Cont.) communication skills: writing or speaking well; the abilities that lead to clear transmission of ideas and/or instructions competitive: characterized by rivalry, or striving against an opponent to win consumerism: the consumption (buying) of goods and services coordinate: to harmonize diverse elements into a common action, movement, or condition

6. Section 1 (Cont.) credit: a positive dollar amount on a budget sheet, which often indicates income cutback: a reduction or discontinuation in production, personnel, or services deadline: a date or time by which a task or a project must be completed debit: a negative dollar amount on a budget sheet, which often indicates an expenditure

7. Section 1 (cont.) debt: something owed (often money) degree: a rank given by a College or University to a student who has completed a course of study demotion: assignment to a subordinate position in the workplace (usually with less pay) diploma: a certificate awarded to a person who successfully completes an education program (other than College or University program)

8. Section 1 (cont.) downsizing: the process of reducing the number of employees of a company or government agency/department, usually in order to reduce overall expenditures economic recession: a period of reduced business and economic activity emotional burnout: exhaustion or lack of motivation, usually caused by stress, overwork, frustration

9. Section 1 (Cont.) employee: a person hired by someone else or a company to work for wages employer: a person or company that hires one or more people to work for wages or a salary employment: the state of having a job employment rate: the number of people who work, expressed as a percentage of a regions population

10. Section 2

11. Section 2 equality: a condition or state where everything or everyone has a similar value expenditure: an amount of money or time spent expense: a financial cost, fee, or charge freelance: a person who pursues and completes work without a long-term commitment to a an employer, usually ajob-by-job basis

12. Section 2 full-time work: long-term, steady employment that supplies a person with an annual income in exchange for 35 to 40 hours of work each week for a single employer gender: a classification that labels people by their sex: either male or female global economy: manufacturing, business, and trading activity that occurs worldwide

13. Section 2 gross income: total personal income before deductions growth industry: a distance area of business that is becoming larger, i.e. hiring more people and/or making more money holistic: relating to the theory that all life (or all parts of a system are related and influence each other) income: money received in exchange for labor, products, services, or investment

14. Section 2 initiative: the action of recognizing and doing what needs to be done without being told innovation: applying original or borrowed ideas to new situations to create or improve products or services interest: in business or banking transactions, an extra amount of money charged on borrowed sums or earned on savings

15. Section 2 intern: a person who learns a trade on the job, often under supervision and with instruction job: one distinct position with specific duties and responsibilities in a particular place job benefits: health, dental, or retirement plans arranged for by one's employer job outlook: a prediction of a job’s growth or decline that answers the question: will people be working in the job in 20 years

16. Section 2 job satisfaction: general contentment with work environment, duties, salary, and other conditions in the workplace; often a good indication of being in a job that is suitable to personality and aptitudes job security: protection from layoffs, pay cuts, etc. often written into work contracts job sharing: when two or more people split the duties, hours, and salary of one job

17. Section 2 job termination: the discontinuing of a person’s employment in a workplace\ labor market: a broad term to describe a region's entire workforce, usually used with information about trends, projection, growth sectors, skill levels, in relation to jobs layoff: usually a temporary letting go of employees due to a buisness slowdown

18. Section 2 leisure time: spare time to relax, enjoy a recreation or hobby, volunteer your services, or do other activities that suit personal inclination; time out from work and home responsibilities lifelong learning: the process of continually acquiring new skills and knowledge manage: to handle, organize, or direct skillfully

19. Section 3

20. Section 3 manufacturing: creation of items for sale from raw material, by hand or machine materialism: the tendency to be more concerned with material than with spiritual or intellectual goals or values net income: personal income after deductions networking: exchanging information about the work world with individual known or met through the world of work

21. Section 3 non-traditional work role: any job in which 25 percent or fewer of its holders are of one gender. The term is used to describe the work role in relation to the under-represented gender. obsolete: no longer in use or useful occupation: a cluster of jobs with common characteristics and requiring similar skills

22. Section 3 occupational clusters: a grouping of different jobs and occupations that occur in a similar field or type of endeavor. For example: nurse, doctor, physical therapist, and dietician are all in the health-care occupational cluster. outsourcing: a process by which companies buy goods or services from firms or individuals outside their employ

23. Section 3 part-time work: work that requires few hours and usually results in less weekly income than full-time work. Sometimes full-time workers take on part-time work to add to their incomes pay equity: equal pay for workers doing the same tasks, or tasks of equal value payroll deductions: on earnings, money subtracted from total income, usually by an employer, and directed elsewhere: for taxes, pension plan contributions, unemployment insurance premiums, for example

24. Section 3 people skills: Managing or interacting well with others, usually including the ability to appreciate , motivate, and understand others, communicate clearly, and listen well personality: the sum of a person’s attitudes, humor, and ways of looking at life piecework: work payed for at a fixed rate per item handled or product completed; for example, when a worker gets paid by the number of trees he or she plants

25. Section 3 pink slip: an informal name for the official notice of termination of employment post-secondary education: education that follows high school, usually Trade School, College, or University primary resource: a natural source of wealth, revenue, or business, activity probation: a period of testing or examination occurring at the beginning of a job used to gauge an applicant’s suitability for it

26. Section 3 procrastination: putting activities off until “later” profession: an occupation requiring advanced academic training and/or specialized knowledge professional: a person who works in a profession recreation: an activity or diversion that stimulates and refreshes

27. Section 3 relocation: moving to a new geographic location, often for work-related reasons research: careful, methodical investigation, experimentation, or inquiry resume: a written summary of a person’s work, employment, and education experience retraining: pursuing a course of study to learn new skills or to expand on existing skills

28. Section 4

29. Section 4 salary: a fixed payment for services or labor, calculated on a yearly basis but paid weekly, biweekly, or monthly, and paid by an employer to an employee self-employed: providing labor, services, or products to others as an independent contract worker, and maintaining direct control over the work or services to be done and the fees to be charged

30. Section 4 self-motivated: spurred to action or activity by oneself, not by others or by outside influences sex-role stereotyping: a way of thinking that uses gender to limit people to certain jobs or activities; for example, “ only men can be truck drivers”, or “only women can be secretaries”. shift work: employment that occurs in regular periods during the day or night, often where one worker completing a work session is replaced by another who starts the next skill: the ability to do a particular task that comes from training, practice, or natural aptitude

31. Section 4 specialists: one whose activity and expertise are focused on a particular occupation, practice, or branch of learning stereotyping: a mental process that narrowly and over-simply defines a person’s or a people’s characteristics. It is often negative and prejudicial student loan: funding available to students to help cover living and education expenses while pursuing a course of study

32. Section 4 supervisor: one who ensures the completion of a task or the smooth running of an operation, particularly in government, business, or schools technology: a manner of accomplishing a task that uses technical equipment, processes, methods, or knowledge trade: a type of occupation requiring manual or mechanical skill

33. Section 4 trade union: an association of workers organized to protect the interest and rights of its members transferable skills: a master of a method or machine that’s learned or used in one job or situation and can be applied direction (or with some adjustment) in another unemployment rate: the number of people out of work, expressed as a percentage of a region’s population

34. Section 4 vacation: a specific period of time away from the workplace and free of its responsibilities venture capitalist: a person who starts and operations businesses, and who thereby takes and risks and invests money in exchange for profits vocation: the work (usually a skill or trade) in which a person in regularly employed

35. Section 4 volunteer: a person who provides a service without expecting or receiving any payment for it wage: money paid to an employee for work done, calculated on a hourly, daily, or piecework basis work environment: all the conditions that make up, surround, and contribute to the location and atmosphere in which a person works