Personal Financial Responsibility Chapter 1

Question 1

Actively seeking new knowledge and skills that will add to professional and personal growth is

Accepted Answer

lifelong learning

Question 2

A formal document that outlines the path a business intends to take to earn revenues is called

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business plan

Question 3

A small business that grows to become a corporation is called a

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venture business

Question 4

The management of data storage and retrieval is known as

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data warehousing

Question 5

The process of gathering and analyzing data and summarizing it into useful information is

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data mining

Question 6

A form that asks questions to be sure you are qualified for a job opening is a

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job application

Question 7

An economic event where jobs are eliminated because revenues fall while costs are rising is

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downsizing

Question 8

A list of a person's strong and weak points along with plans for improvement is called

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self-assessment inventory

Question 9

A statement attesting to your character, abilities, and experience is called a

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reference letter

Question 10

What you wish to achieve in five or ten years or longer is called a

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long-term goal

Question 11

Learning new and different skills so that an employee can retain employability is called

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retraining

Question 12

Knowledge and skills acquired from working in a career field are called

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experience

Question 13

A description of your work experience, education, abilities and interests is called a

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resume

Question 14

School records showing courses taken, number of credits, and grades received is called a

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transcript

Question 15

People who have known you for some time and can provide information about your abilities are

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references

Question 16

Advancing to a higher level of skill to increase your usefulness to your employer is called

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upgrading

Question 17

The result when the economy is growing and new workers are hired is called

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job creation

Question 18

The arrangement of data into useful patterns or relationships is called

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information

Question 19

A meeting with a potential employer to discuss a job opening is called a

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job interview

Question 20

A business that provides income for the owner and allows him or her to meet personal needs is

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lifestyle business

Question 21

Performance of a task or service for a person or business is called a

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service job

Question 22

Working for yourself is called

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self-employment

Question 23

The facts, numbers or text that can be processed by a computer is called

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data

Question 24

A goal a person expects to reach in a few days or weeks is called a

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short-term goal

Question 25

What you wish to achieve in the next few months or years is called a

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intermediate goal

Question 26

Storing information about purchases and granting points or rewards to be used is called a

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rewards card

Question 27

A business in addition to your full-time job is called a

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side business

Question 28

Electronic communication through which users share information is called

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social media

Question 29

Contact with an employer after the interview but before hiring occurs is called a

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follow-up

Question 30

A desired end that you work toward is called a

Accepted Answer

goal

Personal Financial Responsibility Chapter 1

Questions 30

Personal Financial Responsibility Chapter 1

Questions 30