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CM 2.02 Vocabulary
gy
33
Business
11th Grade
11/06/2015

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Term
Accuplacer/ASSET
Definition
Advising, Placement, and Retention System – an assessment-advising program designed to identify the basic skill levels of students as they enter two-year institutions.
Term
Adaptation
Definition
the process or state of changing to fit a new environment or different conditions, or the resulting change.
Term
Apprenticeship
Definition
One bound by legal agreement to work for another for a specific amount of time in return for instruction in a trade, art, or business.
Term
Associate's Degree
Definition
2 year college degree from a community college, university, college, or technical school. The recipient of an Associate's Degree can then transfer the credits toward a 4 year Bachelor’s Degree.
Term
Armed Services Vocational Aptitude Battery (ASVAB)
Definition
is a test developed and maintained by the United States Department of Defense.
Term
Bachelor's Degree
Definition
4 year college degree from a university/college earned by completing undergraduate coursework and are awarded in specific concentrations.
Term
Certifications
Definition
an official document that gives proof and details of something such as personal status, educational achievements, ownership, or authenticity.
Term
Changing Economy
Definition
a transformation that occurs within an economy that either increases, sustains, or depletes its vitality.
Term
College
Definition
postesecondary institution offering a collection of degrees in one specific area; also an undergraduate division or school in a university.
Term
Community College
Definition
postsecondary school with up to 2-year programs leading to certificates, diplomas, or associate degrees.
Term
Competency
Definition
the quality of being adequately or well qualified in a skill or ability.
Term
Correlation
Definition
a relationship in which two or more things are mutual or complementary, or one thing is caused by another.
Term
Credential
Definition
a professional or industry certification proving a person's qualifications, awarded for occupational competency typically by passing an exam.
Term
Career and Technical Education (CTE)
Definition
educational programs that specialize in the skilled trades, applied sciences, modern technologies, and career preparation.
Term
Depression
Definition
extended period of negative economic activity; unemployment, declining income & production.
Term
Doctoral Degree
Definition
postgraduate academic degree awarded by universities, highest level of academic degree. Everyone is familiar with the medical doctor, who holds an M.D. (Medical Doctorate). But you can earn a doctorate in almost any subject area, Doctor of Philosophy, abbreviated as PhD.
Term
Diverse Economy
Definition
economy composed of many ethnic, as well as socioeconomic and gender, groups.
Term
Dual Enrollment
Definition
involves students being enrolled in two separate, academically related institutions.
Term
Economic Cycle
Definition
the natural fluctuation of the economy between periods of expansion and contraction. Factors such as gross domestic product, interest rates, levels of employment and consumer spending help to determine the current stage of the economic cycle.
Term
Economy
Definition
the wealth and resources of a country or region, especially in terms of the production and consumption of goods and services, careful management of available resources.
Term
Formal Assessment
Definition
standardized written or performance test of knowledge, aptitude, values, etc.
Term
Formal Learning
Definition
done or carried out in accordance with established or prescribed rules.
Term
Free Application for Federal Student Aid (FAFSA)
Definition
Federal Student Aid, a part of the U.S. Department of Education, is the largest provider of student financial aid in the nation, provides grants, loans, and work-study funds for college or career school.
Term
Function
Definition
an activity or role assigned to somebody or something.
Term
Global Economy
Definition
the interdependent economies of the world's nations, regarded as a single economic system.
Term
Graduate Degree
Definition
college program leading to a master's degree or doctoral degree; advanced study generally following a bachelor's degree.
Term
Grant
Definition
financial aid that doesn’t have to be repaid.
Term
Independent Learning
Definition
a method or learning process where learners have ownership and control of their learning - they learn by their own actions and direct, regulate, and assess their own learning.
Term
Inflation
Definition
a sharp increase in the costs of goods and services.
Term
Informal Learning
Definition
not officially prepared, organized, or sanctioned.
Term
Internship
Definition
an assistant or trainee working to gain practical experience in an occupation.
Term
Job Shadowing
Definition
short-term experience that allows the student to follow an experienced worker and see the day-to-day activities of a particular career.
Term
Lifelong Learning
Definition
the continuing development of knowledge and skills that people experience after formal education and throughout their lives.
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