Personal Finance Chapter 2

Career

A commitment to work in a field that you find interesting and fulfilling

Standard of Living

A measure of quality 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 your area of interest who can provide you with practical information about a career or company of interest

Cover Letter

A personal letter you present along with your resume

Internship

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

Cooperative Education

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

Pension Plan

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

Mentor

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

Service Industries

Businesses that provide services for a fee

Trends

Developments that mark changes in a particular area

Networking

Making and using contacts to get job information and advice

Resume

One- or to-page summary of your education, training, work experience, and qualifications

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 locations

Interest Inventories

Tests that help you identify the activities you enjoy the most

Potential Earning Power

The amount of money you may earn over time

Aptitudes

The natural abilities people possess

Job

Work you do mainly to earn money