1.1 Flashcards

1
Q

Demand

A

The willingness and ability of consumers to buy goods and services.

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2
Q

Economy

A

All of the activities related to making and distributing goods and services and I geographic area or country

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3
Q

Ethics

A

A set of moral values that people consider acceptable; the study of what is right versus wrong

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4
Q

Goal

A

A desired outcome based on one’s value for which a plan of action is carried out

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5
Q

Hard Skill

A

Measurable physical and mental abilities that allow you to complete a job

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6
Q

Headhunter

A

And employment specialist who seeks out highly qualified people to fill upper-level positions for an employer

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7
Q

Job Description

A

Describes what a job would be like, including tasks performing and skills needed

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8
Q

Job Interview

A

A face-to-face meeting with a potential employer to discuss job openings

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9
Q

Job Shadowing

A

Spending time observing a worker in a type of job that interest you

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10
Q

References

A

People who have known you and can provide information about your skill, character, and achievements

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11
Q

Resume

A

A summary of your work experience, education, skills, and interest that qualify you for a job opening

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12
Q

Scholarship

A

A gift of money or other aide awarded to a student to help pay for education

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13
Q

Skill Set

A

The unique skills and abilities that you bring to the job market

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14
Q

Social Network

A

A group of friends and acquaintances who keep in contact and share information

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15
Q

Soft Skills

A

Non-technical skills needed by most workers for success on the job

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16
Q

Subsidized Student Loan

A

Loan on which interest is not charged until the student graduates

17
Q

Supply

A

The quality of goods and services that producers are willing and able to provide

18
Q

Tuition

A

The expenses paid by students for the instruction at school

19
Q

Value

A

A principle that reflects the word you place on an idea or action

20
Q

Business Cycle

A

The alternating periods of growth and decline in the economy.