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IncomeAndExpeniture

Chaper 1 and 2

TermDefinition
Income Money you recieve
Expenditure Money that you spend monthy
Opportunity Cost The cost of the product you didnt buy
Benefit in Kind Non-Cash form of income
Inpulse Buying Something you don't need
Fixed Expenditure Where the cost changes every month
Irregular Expenditure Where the cost changed every moth e.g Groceries, Gas
Discrentionary Expeniture Buying something for your entertainment
Overtime Working over the work hours
Child Benefit Money you get from children
Grant Money you get from college
Unemployed Worker Someone that doesn't work
Mortgage Monthly bills
Created by: ENNIS1
Popular Business sets

 

 



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