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economics mid-term
90 cards for questions
90
Economics
11th Grade
01/19/2014

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Cards

Term
1. What is a group whose membership is limited to those in a trade, such as
carpenters.
Definition
craft union
Term
2. This is a technique used to train employees in new and multiple areas.
Definition
job rotation
Term
3. What are groups of workers joined together for a common cause called?
Definition
labor union
Term
4. Hours worked in addition to regular hours are called what?
Definition
overtime
Term
5. The main purpose of labor unions is what?
Definition
collective barganing
Term
6. A motivation strategy in which two people share what used to be one job is called:
Definition
job sharing
Term
7. Efforts in support of legislation that would benefit an organization (such as a labor union) is called what?
Definition
lobbying
Term
8. What is a group whose membership is of skilled, semiskilled, or unskilled workers?
Definition
industrial union
Term
9. Persons over age 18 who have known you for at least one year and can attest to your character are known as what?
Definition
reference
Term
10. A written tool used to thank an employer for his or her time is what?
Definition
thank you letter
Term
11. A greeting, such as "Dear Ms. Smith," followed by a colon is called what?
Definition
salutation
Term
12. The name and address of the person to whom you are writing is called what?
Definition
letter address
Term
13. What is the form you fill out when you apply for a job?
Definition
employment application
Term
14. This is also known as a personal data sheet.
Definition
resume
Term
15. What is a written statement from someone who knows you?
Definition
reference letter
Term
16. What is a formal discussion about your qualifications for a job called?
Definition
interview
Term
17. On the job training experience that usually only pays your cost of getting to work and any extra expenses you incur is known as what?
Definition
internship
Term
18. This is an end towards which efforts are directed
Definition
goal
Term
.19. This keeps a folder of information to help a student get a job.
Definition
placement center
Term
20. Objectives that will be accomplished in a few days or weeks are known as what?
Definition
short term goal
Term
21. A record of how long you stayed with jobs you have held is called what?
Definition
work history
Term
22. What do you call someone you know with inside information?
Definition
contact
Term
23. What do you gain from working at a job or place of employment?
Definition
experience
Term
24. Written policies posted in the employee work area for the benefit of all employees is called what?
Definition
work rule
Term
25. A measure of the output of a production unit is called what?
Definition
productivity
Term
26. Transmitting information among employees is known as what?
Definition
horizontal communication
Term
27. What lead to greater work satisfaction?
Definition
motivators
Term
28. A level at which workers meet their needs of accomplishment and satisfaction in work.
Definition
self actualliztion
Term
29. A type of listening wherein you differentiate facts from fiction.
Definition
critical
Term
30. The third level of Maslow's hierarchy.
Definition
love & belonging
Term
31. Job elements that dissatisfy when absent but do not add to satisfaction when present
Definition
hygiene factor
Term
.
32. Learning new and different skills.
Definition
retraining
Term
33. Communication lines established for people to talk to each other and share information.
Definition
networks
Term
34. A place for advice and career counseling.
Definition
employment agency
Term
35. Advances resulting from improvements in technical processes.
Definition
technology
Term
36. Sick pay, vacation time, and other company-provided supplements to income.
Definition
benefits
Term
37. a procedure of listing positive and negative job attributes.
Definition
job analysis
Term
38. The amount of monthly or annual pay.
Definition
salary
Term
39. Lists your strong and weak points to help you prepare for a career.
Definition
self-assessment
Term
40. Established a national social insurance program.
Definition
ssn act
Term
41. Status that allows for no federal income tax withholding.
Definition
exempt
Term
42. A provision of the Fair Labor Standards Act.
Definition
minimum wages
Term
43. Benefits under social security for illness and hospitalization.
Definition
medicare
Term
44. Pays benefits when you lose your job through no fault of your own.
Definition
unemployment compensation
Term
45. Employee's Withholding Allowance Certificate.
Definition
form W-4
Term
46. Pays benefits for on the job illness or injury.
Definition
workers compensation
Term
47. Wage and Tax statement.
Definition
form W-2
Term
48. Money collected by the government through taxes.
Definition
revenue
Term
49. An expense the law allows you to subtract from adjusted gross income.
Definition
exemption
Term
50. The type of tax that requires those who can least afford it to pay the most in proportion to their income.
Definition
regressive
Term
51. A type of income received that is not taxable.
Definition
child support
Term
52. To list allowable expenses on your tax return.
Definition
itemize
Term
53. Willful failure to file and pay taxes.
Definition
tax evasion
Term
54. Taxes for which the rate remains constant, regardless of the amount of income.
Definition
proportional
Term
55. An amount you may subtract from you income for each person who depends on your income to live.
Definition
deduction
Term
56. What are the differences between sympathetic, critical, and creative listening?
Definition
sympatheic- let other talk about their issues,

critical- being able to know and sperate fact / opinions,
creative listening- is being able to slove a problem
Term
57. What are the government publications about jobs?
Definition
oppupational outlook handbook, monthly labor review
Term
58. What are some of the functions of labor unions?
Definition
protect workers,lobbying, new member recruitment
Term
59. The income tax is an example of which type of tax?
Definition
progressive
Term
60. What does the Equal Employment Opportunity Commission protect?
Definition
civil rights of workers
Term
61. What is the most commonly used communication?
Definition
listening
Term
62. Who has the power to tax? Where does it say that?
Definition
congress/ the constitution
Term
63. What is a resume?
Definition
a list of work history,education, ans skills that employers use to determine if they want to hire you
Term
64. When may you claim exempt status on your taxes?
Definition
if you make less money than about $10,oo per year
Term
65. What are seniority rights?
Definition
last hired, first fired
Term
67. What type of communication happens between employees?
Definition
horizontal communication
Term
68. What kind of communication happens from bosses to employees?
Definition
downward communication
Term
69. How do you obtain a work permit?
Definition
are a minor with a job, go to state or school counsler
Term
70. What is the difference between job rotation and job sharing?
Definition
job rotation is learning many jobs, job sharing is 2 ppl sharing one full time job
Term
71. Social Security benefits are received for a few reasons. What reasons?
Definition
retirenment,disability, window denefit
Term
72. What form is used to claim allowances for purposes of withholding?
Definition
W-4
Term
73. What is included in gross income?
Definition
wages.tips, other compensation
Term
74. Property tax is an example of which type of tax?
Definition
proportianal tax
Term
75. What are required employee deductions from paychecks?
Definition
federal,state,local income tax, social security, medicare
Term
76. What responsibilities do employers have to employers?
Definition
provide safe work enviornment
Term
77. What is empathy?
Definition
understanding others feelings
Term
78. What circumstances can you receive workers’ compensation for?
Definition
on the job illness, injury or death
Term
79. What are types of things that employees must pay for in order to work?
Definition
uniform,uniform cleaning,transportation
Term
80. When must you file your taxes by?
Definition
april 15
Term
81. Sales tax is an example of which type of tax?
Definition
regressive
Term
82. When do W-2 (Wage and Tax Statements) need to be sent to employees by?
Definition
january 31
Term
83. Net pay is also known as what?
Definition
take home pay
Term
84. Name a few job benefits.
Definition
health insurance, sick pay, vacation days
Term
85. What is the purpose of writing a thank-you letter to a company you interviewed with?
Definition
show them you maintain interest in the position
Term
86. What did the Fair Labor Standards Act establish?
Definition
minimum wage, 8 hour work day
Term
87. How many times an employee’s hourly wage do they make during overtime?
Definition
1.5
Term
88. Differences between short-term, long-term goals?
Definition
short term- in the next few days or weeks
long term- in the next few years
Term
89. An examination of tax returns by the IRS to ensure accuracy is called what?
Definition
audit
Term
90. Who developed the two-factor theory of hygiene factors and motivators?
Definition
Frederick Herzberg
Term
Definition

 

draw Maslow’s Hierarchy of Needs. Know the levels.

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