Terms 1

Question 0

Job skills

Answer 0

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

Question 1

Job market

Answer 1

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

Question 2

Job title

Answer 2

It’s a name given to a particular job that contains a descriptive word or phrase.

Question 3

Job description

Answer 3

Gives job details. Tasks and duties performed. Skills and education required. Location or working conditions.

Question 4

Lifelong learning

Answer 4

Updating your job skills by continuing to learn throughout your life.

Question 5

Values

Answer 5

Show the worth placed on ideas and actions. Influences choices made.

Question 6

Goals

Answer 6

Are plans based on values or desired outcomes.

Question 7

Formal education

Answer 7

Involves attending class

Question 8

Formal education

Answer 8

Involves attending classes where students learn skills/concepts. Ex: high school classes: college and technical programs

Question 9

Informal education

Answer 9

On the job training. Reading and practicing on your own.

Question 10

Economy

Answer 10

Means all the activities related to making and distributing goods and services

Question 11

Economist

Answer 11

Is a person who studies the economy. Tries to predict what will happen in the future.

Question 12

Supply

Answer 12

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

Question 13

Demand

Answer 13

The willingness and ability of consumers to buy products and services. When demand exceeds supply, prices may be high.

Question 14

Hard skills

Answer 14

The ability to perform tasks and procedures. Ex: install plumbing and run medical equipment

Question 15

Soft skills

Answer 15

Nontechnical skills ended by most workers. Ex: teamwork skills, communication, and problem solving skills

Question 16

Tuition

Answer 16

The charge for instruction at a school. Textbooks, fees, and other items add to school expenses.

Question 17

Financial aid

Answer 17

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

Question 18

Loan

Answer 18

Money that you borrow that you must pay back

Question 19

Subsidized student loan

Answer 19

A loan on which interest is not charged until you graduated.

Question 20

Unsubsidized student loan

Answer 20

Interest is charged from the time that the loan is made.

Question 21

Grant

Answer 21

Money that you are given to pay for your education that you do NOT have to pay back.

Question 22

Scholarship

Answer 22

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

Question 23

Ethics

Answer 23

Are a system of moral values that people consider acceptable. Require being fair and honest in your dealings with others.