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Financial Terms 7th

7th grade FCS

QuestionAnswer
a careful plan for spending or saving money received within a certain amount of time budget
the result of a decision; a logical conclusion consequence
an arrangement for making payment for a purchase later credit
owing money for items or services purchased on credit debt
the act of making up one's mind decision-making
the idea that people can invest money in a business to try to earn a profit free-enterprise
total income before taxes are deducted gross income
a certain sum of money that will be paid in case of loss by events such as flood, fire, accident, theft or death insurance
a charge for a loan, usually a percentage of what is borrowed interest
a person's preferred activities or hobbies interests
income after all taxes have been deducted net income
the next best alternative given up when a choice is made opportunity cost
the chance of losing, failing or getting hurt risk
the special qualities each person has, including skills, interests and values self-knowledge
a person's talents or abilities skills
a person's beliefs and ideals values
a classification of all jobs into one or more of four categories: People, Data, Things, Ideas world of work
Created by: lyssa720