Shared Flashcard Set

Details

Careers & Money Management
Grade 7 FACS
22
Other
7th Grade
01/14/2014

Additional Other Flashcards

 


 

Cards

Term
Transferable Skills
Definition
Skills used on one job that can be used on another job.
Term
Bachelors Degree
Definition
4 yr. college degree
Term
Masters Degree
Definition
1-2 yrs. after a Bachelors degree
Term
Associates Degree
Definition
2 yr. college degree
Term
Job
Definition
Specific work role such as engineer at General Electric
Term
Occupation
Definition
General job description, such as teacher, plumber, draftsmen.
Term
Budget
Definition
Detailed plan of how you will spend time or money.
Term
Gross Pay
Definition
Total salary before deductions.
Term
Net Pay
Definition
Your take home pay after deductions.
"Net is what you get"
Term
Rent
Definition
Money paid month monthly to the
owner(s) of a property that you are living in or using.
Term
Mortgage
Definition
A type of loan issued to purchase property and is paid monthly.
Term
Savings Account
Definition
A bank account for the purpose of saving money
Term
Checking Account
Definition
A bank account for the purpose of paying bills.
Term
Debit Card
Definition
A bank issued card which is linked to your checking and or savings account. Money is immediately removed from one of the above accounts, when you use it.
Term
Interest
Definition
-The fee paid for the use of money.
ex. You pay interest on a credit card balance or mortgage.
ex. Bank pays you interest on some types of savings accounts.
Term
Leisure Time
Definition
Time remaining after doing activities such as work, commuting, chores etc.
Term
Entrepreneur
Definition
Person who owns their own business.
Term
Laid Off
Definition
A person looses their job due to thing out of their control.
Such as: poor economy, business closing, technology, environmental disaster. etc.
Also known as a "Pink Slip"
Term
Fired
Definition
A person looses their job due their personal actions.
Term
Resume
Definition
Information supplied to a potential employer such as: career objectives, education, past work experience, activities, skills, honors and references.
Term
References
Definition
A person who will verify the information on a resume or job application. This should not be a family member.
Term
Career Cluster
Definition
A grouping of jobs/occupations which are connected by similar interests and skills.
Supporting users have an ad free experience!