Personal Finance Vocabulary Words/Key Terms

What is Job Analysis?

• An evaluation of the positive and negative attributes of a

  given type of work.

• The salary you will earn when working at a specific career

• A type of analysis of job progress.

What is Benefits?

• Such things as commuting distance and parking, company

  stability in the community, work hours and flexibility, and personnel policies that you may need to consider before accepting a job.

• Company-provided supplements to salary, such as sick pay, vacation time, profit-sharing plans, and health insurance.

• Other added costs that may include uniforms

  and the expense of cleaning, maintaining, and replacing them.

What is Salary?

• Items such as company-provided supplements to salary, such as sick pay, vacation time, profit-sharing plans, and health insurance.

• The daily activities of the job and the environment in which they must be performed.

• The amount of monthly or annual pay

  that you will earn for your labor or job.

What is Entrepreneur?

• Someone that works for someone else

• They might include working indoors versus

  outdoors, working alone versus working on a team, and having a high or low degree of stress.

• It is someone who organizes, manages, and assumes the

  ownership risks of a new business, basically they own their own business.

What are work characteristics?

• They are the daily activities of the job and the environment

  in which they must be performed.

• include any costs of working paid by the employee that

  are not reimbursed by the employer.

• It is the ability to advance to positions of greater responsibility and higher pay.

What is promotion?

• It is company-provided supplements to salary, such as sick pay, vacation time, profit-sharing

  
  

  plans, and health insurance, as will be discussed in Chapter 6.

  Another important feature is the

• The ability to advance to positions of greater responsibility and higher pay.

• It is where being knowledgeable is a key job skill.

What are employee expenses?

• It is a positive feature of employment.

• They depend on your skills, experience, and education.

• They include any costs of working paid by the employee that

  are not reimbursed by the employer.