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25 Cards in this Set

  • Front
  • Back

Wages

Pay that is figured at an hourly rate.


Salary

Pay that is a fixed amount, regardless of the hours worked.

Tip

A voluntary payment that a customer makes to an employee, often based on the quality of service provided.

Commission

A percentage of the total sale, paid to an employee instead of, or in addition to, salary or wages.

Entrepreneur

Someone who organizes, manages, and assumes the risks of owning a business.

Sole Proprietorship

A business owned by one person.

Partnership

A business with co-owners, in which both parties are legally joined together.

Corporation

A business owned by a group of stockholders.

Investing

Committing money to an enterprise in order to earn a financial return.

Grants

Payments or property given to people or institutions, which do not have to be paid back.

Royalties

A percentage of the sales in dollars paid to an author, songwriter, or inventor when copies of his or her creation are sold.

Inheritance

An amount of money, property, or an object of value, given by someone who has died.

Plan of Action

A list of the steps needed to reach a career goal.

Job Leads

Information about possible job openings.

Networking

The process of building professional relationships that will assist both parties in reaching their goals.

Employment Agencies

Companies and institutions that help people find jobs or that find people to fill jobs.

Portal Site

A web site that serves as an entrance to other related sites on the internet.

Application Form

A questionnaire that helps an employer determine whether or not an applicant is qualified for a job and should come in for an interview.

Personal Data Sheet

A detailed list of personal information, which you bring to a job interview, that makes filling out the application easier.

Work Permit

An official document that verifies an employee's age and usually outlines the duties that he or she is allowed to perform.

Resume

A summary of a job applicant's personal information, education, skills, work experience, and special interests.

Keywords

The words and phrases in a resume that a computer program will search for to determine whether an applicant is qualified for a job.

Cover Letter

A short letter to accompany a resume, introducing the applicant to an employer and explaining why the applicant would do a good job for the company.

Interview

A formal meeting between an employer and a job applicant.

Credit Score

A number based on information in a credit report, indicating the person's credit risk.