Chapter 1 Terms

Question 0

Job skills

Answer 0

Specific things that you can do that are needed to be successful

Question 1

Job market

Answer 1

The variety of job and career choices available to you when you prepare to go to work

Question 2

Job title

Answer 2

A name given to a particular job that contains a descriptive word or phrase

Question 3

Job description

Answer 3

Give job detail

Question 4

Lifelong learning

Answer 4

Updating your job skills by continuing to learn throughout your life

Question 5

Values

Answer 5

Worth placed on ideas or actions

Influence choices made

Question 6

Goals

Answer 6

Plans based on values or desired outcomes

Question 7

Formal education

Answer 7

Involves attending classes where students learn skills and concepts

Question 8

Informal education

Answer 8

On-the-job training

Question 9

Economy

Answer 9

All the activities related to making an distributing goods and services

Question 10

Economist

Answer 10

Person who studies the economy

Tries to predict what happens in the future

Question 11

Supply

Answer 11

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

Question 12

Demand

Answer 12

The willingness and ability of consumers to buy products and services

Question 13

When economy is growing

Answer 13

People buy more goods and services
Jobs are being created
Finding and keeping a job is easier

Question 14

When economy is slowing

Answer 14

People buy fewer goods and services
Jobs are descending in numbers
Finding and keeping a job is harder

Question 15

Hard skills

Answer 15

The ability to preform tasks and procedures

Ex. Install plumbing, run medical equipment

Question 16

Soft skills

Answer 16

Non technical skills needed by most workers

Ex. Teamwork skills, communication skills, problem solving skills

Question 17

Tuition

Answer 17

The charge for instruction at a school

Question 18

Financial aid

Answer 18

Money receive from an outside source to help pay for education and training

Question 19

Loan

Answer 19

Money that is borrowed that must be paid back

Question 20

Subsidized student loan

Answer 20

A loan on which interest is not charged until after you graduate

Question 21

Unsubsidized loan

Answer 21

Interest charged from the time the loan is made

Question 22

Grant

Answer 22

Money that is given to you that you do not have to pay back

Question 23

Scholarship

Answer 23

A gift of money or other aid made to a student to help pay for education

Question 24

Ethics

Answer 24

A system of moral values that people consider acceptable

Require being fair and honest in your dealings