Business Finance Chapter 2

Career

A commitment to work in a field that is interesting and fulfilling.

Standard of Living

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

Informational Interview

A meeting with someone who works in a person's area of interest and who can provide practical information about the career or company that person is considering.

Résumé

A one- or two-page summary of a person's education, training, experience, and job qualifications.

Internship

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

Cooperative Education

A program that allows students to enhance classroom learning with work related to their majors and interests.

Pension Plan

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

Networking

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

Mentor

An experienced employee who serves as a teacher and counselor for a less experienced person.

Cafeteria-Style Employee Bnefits

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

Trends

Developments that mark changes in a particular area.

Service Industries

Industries that provide services for a fee.

Interest Inventories

Tests that help people to identify the activities they enjoy the most and match their interests, likes, and dislikes with various kinds of work.

Potential Earning Power

The amount of money a person may earn over time.

Aptitudes

The natural abilities that people possess.

Cover Letter

The personal letter that is presented to a potential employer with a résumé.

Demographic Trends

Ways in which groups of people change over time.

Job

Work that a person does mainly to earn money.