MONEY MANAGEMENT UNIT 1 – Career Decisions Test Review

A general term for advances resulting from improvements in technical processes that increase productivity –TECHNOLOGY Sick pay, vacation time, and profit sharing are all examples of: –BENEFITS

The learning of new and different skills so that an employee can retain employability. –RETRAINING One who organizes, manages and assumes the risk of a business enterprise. –ENTREPRENEUR Informal communication structures that are established for people to talk to each other and share information. –NETWORKS

The things in your life that you consider to be important to you are called: –VALUES The way you choose to live your life, which is based on your values, is called: –LIFESTYLE A natural physical or mental ability is a(n) –APTITUDE Individual qualities and traits which make you a unique person are known as –PERSONALITY

When a person designs his or her lifestyle around a job so that he or she cannot afford to change jobs… this is known as being __________________. –LOCKED IN A letter that explains how you are qualified for a job, impresses the employer as to your interest and desire for the job, and asks for an interview is called a(n) –LETTER OF APPLICATION

A summary of skills, education, work history and personal information that qualifies you for a job is called a –RESUME When you talk to your potential employer about your qualifications for a particular job that is called a –JOB INTERVIEW A form that you fill in with requested job related information is knows as a(n) –JOB APPLICATION

SHORT ANSWER QUESTIONS FROM CHAPTER ONE: –List and explain three things you can do so that CHANGE doesn’t leave you behind in the job field. Lifelong learner, well-read and informed so that you know change is coming, always retrain and upgrade your skill set. FROM CHAPTER TWO: –Be sure you understand the factors that should influence your career choices: Values, personality, lifestyle, aptitudes, and interests.

From Chapter Two: Goal Setting –Be able to talk about all three types of goals: Short-term, Intermediate and Long-Term. Make sure the Goals are S.M.A.R.T. –Examples of vague goals: Short-Term: –Pass all classes with A’s & B’s Intermediate: –Get a job. Go to college. Long-Term: –Family, house, car, job I like. –Examples of specific goals: Short-Term: –Obtain an 85% or higher on my Math test (Friday) Intermediate: –During track, break 4:40 in the mile (1-2 months) Long-Term: –Finish college (undergrad/graduate in a business major)

SHORT ANSWER QUESTIONS FROM CHAPTER THREE: –Make sure you can describe what A.I.D.A. means when referring to letters of application! Get their attention, make it interesting, show your desire for the job, ask for or take action! Making a resume: –Make sure you can name and explain some of the sections on your resume. Personal information, education, work history, references, skills, extracurricular activities, volunteer work etc… Preparing for a job interview: –Be able to discuss things you need to do to really do great at a job interview. Dress appropriately, prepare for some questions in advance, research the company you are interviewing with and come up with some questions of your own,

STUDY, STUDY, STUDY Ok…. Hopefully this helps! You have three chapters of notes to review before tomorrow!! You have three chapters of notes to review before tomorrow!! Don’t forget to study! Also make sure you bring your notes to class tomorrow. They are worth points!