incorrect cards (0)
correct cards (0)
remaining cards (0)
retry
restart
shuffle
help
0:01
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Chapter 16
11/13/08
| Question | Answer |
|---|---|
| What term means, refers to the day-to-day financial activitites associated with using limited income to satisfy your unlimited needs and wants? | Money Management |
| What term means, items of value? | Personal Assets |
| What term means, the difference between a person's assets and liabilities? | Net Worth |
| What term means, reports net wages and other income along with spending for a period such as for a month? | Cash Flow Statement |
| What term means, are costs that occur on a regular basis and are for the same amount each time? | Fixed Expences |
| What term means, involve living costs that differ each time and may not be as easy to estimate? | Variable Expences |
| What term means, the amount of money you plan to us for a certain budget category? | Allowance |
| What term means, any difference between actual spending and budgeted amounts? | Budget Variance |
| What term means, a report that summarizes your current financial condition, acknowledges you finacial needs, and sets a direction for your future financial activities? | Financial Plan |
| What term means, a taxsheltered retirement plan in which people can annually incest earnings up to a certain amount? | Individual Retirement Account |
| What term means, invovles the accumulation and management of property during one's lifetime and the distribution of one's property at death? | Estate Planning |
Created by:
jacobsen616
on 2008-11-13