Communication
Active Listening
What is showing that you are paying attention through head nodding, eye contact, and repeat of conversations
Net Pay
Pay that you receive after taxes
Define Autonomy
The act of being able to make your own decisions (hire who you want, make own hours, etc.)
The ink color(s) of filling out an application
Dark Blue or Black
What should place in a blank spot on a job application?
N/A
Memos are designed for which type of people
Something that you owe
Liability
taxed like a sole proprietorship and partnership
S-corporation
What is sent to the employer after the interview
Follow up Letter
What percent of medicare comes out of your check?
1.45%
FMLA
allows you time off to care for spouse, child, parent with major ailments
This type of retirement plan is employer sponsored
What is 401K
Overhead
Expenses or Bills of the business (rent, utilities, paying employees, etc.)
What is a letter of resignation
Letter that is turned in about 2 weeks in advance to inform your employer that you are resigning (Quitting)
Formula for calculating simple interest
I= PRT (Interest = Principle * Rate * Time)
DAILY DOUBLE!!! The components of a business letter
Letter head, heading, inside address, date, greeting, body, closing
How to calculate profit?
Revenue-Expenses= Profit or Loss
Not investing all of your money into one stock
What is the most common type of resume'?
Chronological
What are royalty fees?
The price you pay for having a franchise that you pay to the corporate headquarters
4 types of non-verbal communication
physical appearance, body language, space, and time
What is the percentage of social security that comes out of your check?
6.2%
Most common type of corporation
C-corporation
DAILY DOUBLE!!!What are the 3 types of resumes?
Chronological, Functional, Combination
3 functions of Money
store of value, unit of account, medium of exchange