Chapter 11: Finances & Career Planning Vocabulary

Career

a commitment to work in a field that you find interesting & fulfilling.

Standard of Living

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

Informational Interview

a meeting with someone who works in your area of interest who can provide you with practical information about the career or company you are considering.

Resume

a one- or two-page summary of your education, training, experience, & qualifications.

Internship

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

Pension Plan

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

Networking

a way of making & using contacts to get job information & advice.

Flexible

adjustable.

Mentor

an experience employee who serves as a teacher & counselor for a less-experienced person.

Asset

benefit.

Service Industries

businesses that provide services for a fee.

Trends

developments that mark changes in a particular area.

Wealth

large amount.

Cooperative Education

programs that allow students to enhance classroom learning with part-time work related to their majors and interests.

Cafeteria-style Employee Benefits

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

Demographic Trends

tendencies of people grouped by age, gender, ethnicity, education, or income that change over time.

Geographic Trends

tendencies of people moving from one area of the country to another as financial centers shift location.

Interest Inventories

tests that help you indentigy the activities you enjoy the most.

Potential Earning Power

the amount of money you may earn over time.

Aptitudes

the natural abilities that people possess.

Fixed

unchanging.

Job

work that you do mainly to earn money.