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30 Cards in this Set
- Front
- Back
What is a potential for learning certain things called?
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aptitude
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What are the "extras" provided by employers, such as insurance, bonuses and paid vacation?
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fringe benefits
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What is the title for someone who learns how to do a specific job through experience and guidance from a skilled worker?
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apprentice
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What is the term for the cost of attending school?
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tuition
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A written summary of your education and work history that you provide to a perspective employer is called what?
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resume
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What is the term for people who will provide personal and/or professional information to the employer about a job applicant?
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reference
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What is a formal meeting between an employer and a job applicant?
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interview
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What is the privileged status that results from continuous service to one company?
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seniority
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What is the quality of standing up for one's rights, beliefs, and ideas in a constructive manner?
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assertiveness
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What means of identification does everyone need before beginning employment?
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social security number
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What is anything, other than land, that is used to produce more wealth called?
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capital
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What do you call a person who starts a new business and manages and assumes the risk of this business?
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entrepreneur
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What is the term for economic conditions in which prices rise sharply?
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inflation
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What is a business owned by a number of people who bought shares in the business?
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corporation
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What is the legal right to sell a company's goods and services in a particular area?
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franchise
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What is the amount of money remaining after all expenses are paid from revenues?
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net profit
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What is a written guarantee of a product's quality and the manufacturer's promise to repair and replace defective parts?
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warranty
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What is a plan that an individual uses to manage money?
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budget
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What is the term to describe something of value a person owns that is promised if loan payments can't be met?
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collateral
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What do you call a person who is named by a life insurance policyholder to receive payments from the insurance?
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beneficiary
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In the event of a claim, what is the amount of money the policyholder must pay before the insurance company will pay?
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deductible
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What are the initials of the Federal agency responsible for collecting income taxes?
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IRS
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What is the legal statement that reports the amount of money earned and taxes withheld from an employee's income?
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W-2 Form
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What are the initials used to identify the social security deduction on an employee's check stub?
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FICA
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What do you call services, such as electricity, gas, and water, that are provided by public companies?
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utilities
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What is the name of the document which gives minors permission to be employed at a specific place?
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work permit
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What are the three types of educational programs that graduate individuals eligible to take the National Council Licensure Examination for Professional Nursing (RN) called?
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(any order) BSN, ADN, Diploma
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What are the abbreviations for the two types of medical degrees? (any order)
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M.D., D.O. (MD and DO is also acceptable, without periods)
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When was the first Social Security Act signed?
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1935
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When was the Medicare program established?
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1965
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