| A | B |
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| Accuplacer/ASSET | Advising, Placement, and Retention System, an assessment, advising program designed to identify the basic skill levels of students as they enter two year institutions. |
| Adaptation | the process or state of changing to fit a new environment or different conditions, or the resulting change |
| Apprenticeship | 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 |
| Associate's Degree | 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. |
| Armed Services Vocational Aptitude Battery (ASVAB) | is a test developed and maintained by the United States Department of Defense. |
| Bachelor's Degree | 4 year college degree from a university/college earned by completing undergraduate coursework and are awarded in specific concentrations. |
| Certifications | an official document that gives proof and details of something such as personal status, educational achievements, ownership, or authenticity |
| Changing Economy | a transformation that occurs within an economy that either increases, sustains, or depletes its vitality |
| College | postesecondary institution offering a collection of degrees in one specific area; also an undergraduate division or school in a university. |
| Community College | postsecondary school with up to 2 year programs leading to certificates, diplomas, or associate degrees. |
| Competency | the quality of being adequately or well qualified in a skill or ability. |
| Correlation | a relationship in which two or more things are mutual or complementary, or one thing is caused by another |
| Credential | a professional or industry certification proving a person's qualifications, awarded for occupational competency typically by passing an exam. |
| Career and Technical Education (CTE) | educational programs that specialize in the skilled trades, applied sciences, modern technologies, and career preparation |
| Depression | extended period of negative economic activity; unemployment, declining income & production. |
| Doctoral Degree | 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. |
| Diverse Economy | economy composed of many ethnic, as well as socioeconomic and gender, groups |
| Dual Enrollment | involves students being enrolled in two separate, academically related institutions |
| Economic Cycle | 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. |
| Economy | 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. |
| Formal Assessment | standardized written or performance test of knowledge, aptitude, values, etc. |
| Formal Learning | done or carried out in accordance with established or prescribed rules |
| Free Application for Federal Student Aid (FAFSA) | 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. |
| Function | an activity or role assigned to somebody or something |
| Global Economy | the interdependent economies of the world's nations, regarded as a single economic system |
| Graduate Degree | college program leading to a master's degree or doctoral degree; advanced study generally following a bachelor's degree. |
| Grant | financial aid that doesn’t have to be repaid (unless, for example, you withdraw from school and owe a refund). |
| Independent Learning | 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 |
| Inflation | a sharp increase in the costs of goods and services. |
| Informal Learning | not officially prepared, organized, or sanctioned |
| Internship | an assistant or trainee working to gain practical experience in an occupation |
| Job Shadowing | short term experience that allows the student to follow an experienced worker and see the day to day activities of a particular career. |
| Lifelong Learning | the continuing development of knowledge and skills that people experience after formal education and throughout their lives |
| Loan | borrowed money you must repay with interest. |
| Local Economy | economic activities of the locale in which you live |
| Master's Degree | an academic degree from a college or university for those who complete at least one year of prescribed study beyond the bachelor's degree. |
| Military | special skills may be developed through educational programs in the armed services. |
| Motivation | a feeling of enthusiasm, interest, or commitment that makes somebody want to do something, or something that causes such a feeling |
| National Economy | economic activities belonging to or characteristic of a nation |
| On the Job Training | Employee training at the place of work while he or she is doing the actual job. |
| Preliminary Scholastic Aptitude Test (PSAT) | a practice test that measures the critical thinking, mathematical reasoning, and writing skills that students need to do college level work. |
| Proprietary School | privately owned school that operates for profit for those seeking vocational training. |
| Prosperity | stage in economic cycle, relatively low unemployment & high total income prevail, leading to high purchasing power more spending. |
| Recession | a period of declining economic growth. |
| Recovery | stage in the economic cycle where employment and production begin to rise to normal levels after a slump. |
| Regional Economy | economic activities belonging to or characteristic of a geographic region |
| Room & Board | cost of housing and food while attending college or career school. |
| Scholarship | Money awarded to students based on academic or other achievements to help pay for education expenses. Scholarships generally do not have to be repaid. |
| Scholastic Aptitude Test (SAT) | a test that measures the critical thinking mathematical, reasoning, and writing skills students need to do college level work. |
| Self Directed | Directed or guided by oneself, especially as an independent agent |
| State Economy | economic activities belonging to or characteristic of a state |
| Technical School | general term used for two year college which provide mostly employment preparation skills for trained labor, such as welding, culinary arts and office management. |
| Trade School | a vocational school, also called a trade school, is a higher level learning institution that specializes in providing students with the vocational education and technical skills they need in order to perform the tasks of a particular job. Students typically earn a credential or a certificate |
| Transition | a process or period in which something undergoes a change and passes from one state, stage, form, or activity to another |
| Trends | a direction of movement. |
| Tuition | a sum of money charged for teaching or instruction by a school, college, or university. |
| Undergraduate Program | college program leading to an associate (2 year) or a bachelor's (4 year) degree; generally following high/secondary school. |
| University | a collection of colleges, has undergraduate programs which award bachelor degrees and graduate program for masters’ degrees and doctorates. |
| Volunteer | a contribution of free labor, usually to a non profit organization. |
| Volunteer Experiences | Unpaid experiences; students work to get experience, contacts, or help out. The experiences are not necessarily career related and not usually supervised by school personnel. |
| Work Based | the duties or activities that are part of a job or occupation |
