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Final Study

Study for the final

TermDefinition
Bartering Trading something for another thing.
Decision A choice made about things that will affect a persons life.
Routine Decision They are made on a daily basis and don't require much thinking.
Major Decision They have long term affects. Should be carefully thought through.
Financial Decision A decision that impacts a persons well being. It may also affect their families well being.
Values Fundamental beliefs or practices about what is desirable.
need an item that is necessary for life.
want an item that is unnecessary for life, but is desired.
job a specific task that done as a part of the routine of ones occupation.
occupation a wide category of jobs with similar characteristics.
human capital the process of self-investment.
transferable skills skills that are acquired through the process of self-investment.
the standard of living the minimum amount of necessities, comforts, and luxuries thought to be essential.
well being the state of being happy, healthy, and prosperous.
taxes required charges of citizens
W-4 form also known as an employees withholding allowance certification. Teh information provided on this form determine the percentage of gross income to be withheld for taxes.
Created by: DJDubWubs