Financial Literacy Ch 1 Vocabulary Review

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

• loan

• scholarship

• grant

• tuition

All of the activities related to making and distributing goods and services in a geographic area or country.

• economy

• society

• community

• industry

A person who takes the risks of being selfemployed and owning a business.

• entrepreneur

• employee

• investor

• manager

A person you know.

• contact

• acquaintance

• stranger

• colleague

Describes what a job would be like, including the tasks performed and skills needed.

• job description

• job specification

• job analysis

• job evaluation

Spending time observing a worker in a type of job that interests you.

• job shadowing

• internship

• networking

• job searching

Money received from an outside source to help pay for education.

• scholarship

• financial aid

• loan

• grant

Measurable physical and mental abilities that allow you to complete a job.

• soft skills

• hard skills

• interpersonal skills

• transferable skills

Contact with a prospective employer after the interview but before hiring.

• follow-up

• pre-interview

• job inquiry

• application status

A form that asks basic questions about the applicant’s background, such as work history, education, skills, and references.

• job application

• resume

• cover letter

• employment contract