Subjects
Grades
Advertising fulfills a communication need for an advertiser, whether a company, an organization or a government. Its message is crafted for a target audience and a chosen medium with a specific objective in mind. Advertising can be a great source of influence.
Assets refer to everything a person owns both in goods and money.
An Attestation of Collegial Studies (ACS) is a short academic program developed from various programs offered by a CEGEP.
A benefit is an allowance (amount of money) paid to a person.
Business practices include any element (action, advertising or other) related to the promotion, sale or execution of a good or service by a merchant’s representative or professional.
A certification is proof that a person has completed a course such as a first aid, CPR or babysitting course.
A claim refers to the right a person (creditor) has to demand something (an amount of money) from someone (debtor).
A collective agreement is an agreement negotiated between the employer and a union to determine the employees’ working conditions and fringe benefits.
Compensation is money paid to a worker for a particular situation. For example, when workers lose a job through no fault of their own, they receive compensation.
Consumption means obtaining goods and services and is linked to the will and the ability to obtain them.
A contract is an agreement between parties for the performance tasks or services or the sale of goods or services. The parties may be represented by an individual, a group of people, a company or an organization. The contract may be written or verbal.
A contribution is a sum of money (mandatory or optional) that an employee pays to a financial program or service (pension plan or group insurance). All employees benefit from the program or service, according to the rules established by each program.
Contributions are the amounts of money that students and their families can provide to help pay for school.
Credit is a sum of money that a person owes to another person or a company, like a bank.
Credit costs are amounts to be paid in addition to the amount borrowed, such as interest, administration, brokerage and/or insurance fees.
A credit issuer is a person or company, such as a bank, that lends money to another person.
A credit score is a system of points, ranging from 300 (bad) to 900 (good), used to evaluate credit reports.
Dismissal is when an employer terminates an employee’s contract. This can occur for a variety of reasons.
Disposable income is the amount of money a person has left after paying all of their mandatory expenses, like rent, utility bills and groceries, for a given period.
Eligible expenses are the total of monthly expenses or living expenses, such as housing, food and transportation, and one-time expenses like tuition fees and school supplies.
Employment insurance benefits are a sum of money paid to an individual who has lost their job.
The equilibrium price is the price at which the merchant (supply) is willing to sell goods and the consumer (demand) is willing to pay for a given quantity of goods.
Excessive debt refers to the state of a person who can no longer afford to pay off his or her debts.
Excise taxes and duties are imposed by governments on certain goods and services, such as gasoline, alcoholic beverages and tobacco products. Unlike the GST and QST, they do not appear on the receipt since they are included in the price.
Financial needs are the difference between eligible expenses and contributions.
Fringe benefits are a form of compensation offered to some employees in addition to their wages, such as group insurance, paid holidays, paid leave, a pension plan, etc.
Full employment refers to a labour market situation where everyone in the labour force is employed.
A fund is a special account containing a sum of money for the purposes of a person or group.
Goods are objects, also referred to as products, which have an economic value and are used to fulfill a need or a want.
Gross income refers to the amount of income deducted before taxes and other deductions (source deductions such as Quebec Pension Plan, employment insurance, union dues, etc.).
Group insurance is a grouping of several employees to obtain coverage at a lower price from an insurance company. This coverage can include dental or health care, such as vision care.
A guarantee is a promise made by a person, called a guarantor, who agrees to pay back another person’s debt if that person fails to do so.
Human resources means everything related to employees in a company, such as hiring employees and employee-employer relations.
Insolvency, or bankruptcy, means not being able to pay your debts.
Insurable hours are the number of hours of work required to access regular employment insurance benefits.
Insurance is a service that provides a guarantee of compensation in the event of loss or damage of property or, in the case of a person, illness or death.
Interest is an additional amount of money that has to be paid when repaying a loan. This additional amount is based on the interest rate. Interest can also be money that a bank, credit union, or other financial institution pays you for parking your cash in a savings account.
The interest rate refers to the amount a person or institution has to pay to access a loan. This amount is calculated as a percentage.
The job placement rate refers to the likelihood of getting a job after graduating from high school or another academic program. It is expressed as a percentage.
The labour force refers to all people of working age (15-64) who are able to participate in the labour market, regardless of whether they are working or not.
A lease is a contract that allows a tenant to live in a rental unit for a specified period of time in exchange for a set amount of money. Usually, this amount is paid to the landlord monthly. The term lease can also refer to other types of rental contracts, like a car rental agreement.
A legal warranty ensures the quality of goods in that they have no manufacturing or hidden defects, and have a reasonable life span with normal use. The warranty period may be longer or shorter depending on the type and cost of the goods.
Net income, or net pay, is the amount of income after taxes and other deductions are taken. These deductions may include the Quebec Pension Plan [QPP], employment insurance and union dues.
Networking is the creation of a network of personal and professional relationships that make it easier to find job opportunities.
An NSF (non-sufficient funds) cheque is a cheque made out by a person who does not have enough money in his or her bank account to cover it. The same is true for an NSF pre-authorized payment.
Openings are job opportunities, meaning the types of employment available depending on education and level of experience. This term also refers to the number of jobs available in each field.
The Production cost is the total amount of money required to produce goods or services, taking into account materials, labour, equipment, facilities, etc.
Purchasing power takes into account a person’s disposable income to determine the amount of goods and services they can buy. The lower the prices, the greater the purchasing power.
The term redeemable means an investment that can be converted into money.
Responsible consumerism means choosing goods and services that reduce environmental impacts as much as possible as well as respect human dignity and rights.
Risk tolerance is an individual’s financial ability to handle a loss on an investment (money set aside for future use).
A service is an activity performed to satisfy a need or desire in exchange for payment, such as a haircut or a massage.
A sharing agreement is a type of agreement between employees that defines how tips will be divided.
Source deductions are amounts of money or contributions deducted by the employer directly from the worker’s pay. The employer then gives this money to the government or to a union.
A tax credit is an amount of money that is deducted from the amount of tax you owe.
A tax deduction is an expense or an amount that can be deducted from taxable income.
Taxable means that goods or services are subject to a tax.
A taxpayer is a person who pays taxes.
Termination of employment means an employer fires an employee: this can be due to a number of possible reasons.
Tuition is the amount paid to an educational institution for courses required in the pursuit of a degree or certification.
Tuition fees are the amount paid to an educational institution for required courses in the pursuit of a degree or certification. Tuition fees may also include other costs such as administrative fees, technology and copying fees, cost to access certain equipment, services and activities and student association contributions.
Unemployment refers to a period of time when a person does not have a job, but is able to work and is actively looking for work.
The unemployment rate is the percentage of the population that is not working but is actively seeking work.
Working life means the period of time in a person’s life when they are on the job market and part of the labour force.
Social Insurance Number
The Social Insurance Number is a nine-digit identification number assigned to an individual by the Government of Canada which provides access to various government programs.