Personal Financial Responsibility Chapter 1

Question 1

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

Accepted Answer

job creation

Question 2

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

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lifelong learning

Question 3

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

Accepted Answer

short-term goal

Question 4

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

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data

Question 5

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

Accepted Answer

experience

Question 6

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

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references

Question 7

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

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job application

Question 8

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

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data mining

Question 9

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

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job interview

Question 10

The arrangement of data into useful patterns or relationships is called

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information

Question 11

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

Accepted Answer

resume

Question 12

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

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long-term goal

Question 13

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

Accepted Answer

self-assessment inventory

Question 14

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

Accepted Answer

side business

Question 15

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

Accepted Answer

upgrading

Question 16

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

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service job

Question 17

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

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transcript

Question 18

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

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follow-up

Question 19

A desired end that you work toward is called a

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goal

Question 20

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

Accepted Answer

downsizing

Question 21

Working for yourself is called

Accepted Answer

self-employment

Question 22

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

Accepted Answer

venture business

Question 23

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

Accepted Answer

rewards card

Question 24

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

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intermediate goal

Question 25

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 26

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

Accepted Answer

business plan

Question 27

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

Accepted Answer

reference letter

Question 28

The management of data storage and retrieval is known as

Accepted Answer

data warehousing

Question 29

Electronic communication through which users share information is called

Accepted Answer

social media

Question 30

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

Accepted Answer

retraining

Personal Financial Responsibility Chapter 1

Questions 30

Personal Financial Responsibility Chapter 1

Questions 30