Workplace Essentials
The relationship between the cost of paying for workers and the output received from their work.
Productivity
A written order to a bank to pay the amount stated to the person or business named on it.
A check
The intention of federal restrictions on credit cards for people under 21.
To prevent young adults from getting into debt
The fee that is paid per month to keep your insurance policy active.
A premium (or premium payment)
Taking the lead, recognizing what needs to be done, and doing it without having to be told.
Initiative
Work rules that are commonly understood without being documented or verbally communicated are considered this type of work rule.
Unwritten work rules
The full name for the banking machine is abbreviated as ATM.
Automated Teller Machine
The equation for calculating the Daily Periodic Rate (DPR).
DPR = APR / 365
The amount you must first pay before your insurance begins to cover claims.
A deductible
The type of listening that involves the ability to differentiate facts from opinions.
Critical Listening
The lowest level (Level 1) of Maslow’s Hierarchy of Needs that employment can satisfy by providing money for food, clothing, or shelter.
Food, Clothing, and Shelter (Level 1)
A check written for more money than your account contains.
An overdraft
This factor accounts for 35% of the FICO Score and is considered slightly more important than credit utilization.
Payment History
A type of permanent life insurance policy that pays a specific amount upon the death of the insured and typically features level premiums.
Whole Life Insurance
The art of getting along with others.
Human Relations
Three things within a company that employees’ work attitudes affect.
Morale, Productivity, and Public relations
The type of endorsement which is simply the signature of the payee written exactly as their name appears on the front of the check.
Blank Endorsement
The general rule of thumb states credit utilization should be kept below this percentage.
30%
This type of insurance protects against claims resulting from injuries and damage to people and/or property.
Liability Insurance
The approximate percentage of activities performed on the job that involve communication.
80%
Job elements that increase job satisfaction, such as challenging work, recognition, and achievement.
Motivators
This financial institution is defined as a member-owned, not-for-profit bank.
A credit union
One of the two legal ways someone under 21 can obtain a credit card according to federal law.
Work full-time OR have a co-signer
The abbreviation for a type of health plan that has lower monthly premiums but higher out-of-pocket costs and is often combined with an HSA.
HDHP (High Deductible Health Plan)
The three tips recommended for new employees regarding scheduling.
Arrive early, leave on time, and never take extra time on breaks