Terminology Review Unit 2-Career

What is a 401(k) Plan?

• A type of health insurance plan

• A retirement savings plan sponsored by an employer

• A government tax plan

• A student loan repayment plan

What is an Apprenticeship?

• A volunteer program for students

• A paid career-training program with on-the-job learning

• A scholarship for college students

• A part-time job for high school students

What are Job Benefits?

• The salary an employee receives

• The extras an employer provides, like health insurance

• The taxes deducted from a paycheck

• The hours an employee works

What is a Cover Letter?

• A document listing your job history

• A letter sent with a resume to explain qualifications

• A letter of resignation

• A letter requesting a salary increase

What is an Elevator Pitch?

• A detailed business plan

• A 30-second personal summary with a request

• A long speech about career goals

• A written job application

What is Direct Deposit?

• A manual paycheck delivery

• An automatic electronic deposit of net pay

• A cash payment method

• A credit card payment

Who is considered an Employee?

• A person who volunteers for a company

• A person who works for another in return for compensation

• A person who owns a company

• A person who is retired

What is a Freelance Worker?

• A full-time employee

• A self-employed person working on a per-job basis

• A person who works for a single company

• A volunteer worker

What defines Full-time work?

• Work that averages at least 20 hours per week

• Work that averages at least 30 hours per week

• Work that averages at least 40 hours per week

• Work that averages at least 50 hours per week

What is the Gig Economy?

• A market with long-term employment opportunities

• A labor market with short-term jobs or gigs

• A market focused on agricultural jobs

• A market with only government jobs