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Chapters 20 & 21: Succeeding in the World of Work & Opportunities in Small Business

AB
Ability TestA test that measures how well a job applicant can perform certain job tasks.
Exit InterviewAn interview in which an employer asks questions about how an employee liked work and inquires about job improvements that might be made.
Letter of ApplicationA sales letter about an applicant written for the purpose of getting a personal interview.
Personal Data SheetA summary of job-related information about yourself.
Personal ReferencesPeople who can give a report about your character, education, and work habits.
Personnel InterviewerA formal meeting with a potential employer
Position Application FormA document used by employers that asks for information related to employment.
Position InterviewA two-way conversation in which an interviewer learns about you and you learn about the job and the company.
BankruptcyA situation in which a business does not have enought money to pay creditors even after selling its equipment and other capital resources.
ClosingA situationin which a business is discontinued with a loss occuring to at least one creditor.
CreditorA person or business that is owed money.
EntrepreneurA person who takes a risk in starting a business to earn a profit.
EntrepreneurshipThe process of starting, organizing, managing, and assuming the responsibility for a business.
Service Corps of Retired Executive (SCORE)A group of retired executives who can provide assistance to small-business owners.
Small BusinessA business that usually has the owner as manager, is not dominant in its field of operation, employs fewer than 500 people, and usually serves its nearby community.
Small Business Administration (SBA)A government-funded organization that helps small-business owners borrow money as well as manage their businesses more efficiently.
Small Business Institutes (SBIs)Programs offered in cooperation with colleges and universities to provide management counseling.
Venture BusinessA business that has been in operation for less than three years and has no employees other than the owner.
Venture CapitalMoney used to start up a new small business or help a business expand during a growth period.

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