Unit 1 Exam - Study/Practice

A subconscious error in thinking that leads to irrational decision making.

• Credibility

• Loss Aversion

• Sunk Costs

• Cognitive Bias

The tendency to regard losses as considerably more important than gains of comparable magnitude.

• Sunk Costs

• Bias

• FOMO (Fear Of Missing Out)

• Loss Aversion

The tendency to make decisions about a current situation based on what resources you have already invested in the situation.

• Loss Aversion

• Sunk Cost Fallacy

• Herd Mentality

• Sunk Costs

The tendency to conform to the behaviors and beliefs of the people around you

• Confirmation Bias

• Cognitive Bias

• Overplacement

• Herd Mentality

measurable physical and mental abilities that allow you to complete a job

• hard skills

• soft skills

• on the job skills

• known skills

a cash allowance awarded to a student to help pay for education

• tuitiion

• financial aid

• grant

• scholarship

money given to pay for educational expenses that does not have to be repaid

• tuition

• financial aid

• grant

• scholarship

The expense paid by students for the instruction at a school.

• tuition

• financial aid

• grant

• scholarship

A loan on which the student pays no interest until he or she has graduated or is no longer in school.

• tuition

• financial aid

• subsidized student loans

• unsubsidized student loans

a summary of your work experience, education, skills, interests, and other qualifications (your skill set) that qualify you for a job opening

• job interview

• resume

• job application

• cover letter