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7.01
Giving to Others
| Term | Definition |
|---|---|
| advocacy | supporting/favoring a cause |
| altruism | concerned for the welfare of others |
| crowd funding | fund raising small amounts of $ through donations from many people; via Internet usually |
| estate plan | outline of procedures in case of death |
| expense | $ spent |
| financial planning | money-management w/ secure understanding |
| healthy giving | individual gives out of excess in his life to fuel positive emotions in the giver and receiver |
| opportunity cost | value of the next best thing in a trade off |
| philanthropy | desire to promote the welfare of others; expressed through healthy giving |
| pro-social spending | $ spent on others |
| public service announcement (PSA) | advertisement intended to raise awareness of an event |
| resources | anything utilizable to meet objectives |
| social capital | interpersonal values, including trust |
| social enterprise | organization that applies commercial strategies maximize human and environmental well-being |
| spending plan | budget; income and expense statements that records planned and actual income and expenses over a certain time period |
| time utility | satisfaction received from time given up |
| trade off | giving up one thing for another |
| unhealthy giving | diminishes well-being for the giver and receiver |
| utility | measure of satisfaction |
| value | beliefs about what is desirable and important to an individual |
| well-being | feeling good about one's life |
Created by:
Tate.cord70
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