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Unit 5 & 6 Bell Work
| Question | Answer |
|---|---|
| Budget | An estimate of income and expenses for a set period of time. |
| Cash flow | the total amount of money transferred into and out of a business or household |
| Consumer | a person who purchases good and services for personal use. |
| Cost-benefit analysis | a process by which nosiness decisions are analyzed, the benefits are summed, and then the costs associated with that action are subtracted. |
| Cost comparison | the process of comparing the price of different products or services. |
| Creditworthy | financially sound enough to justify the extension of credit. |
| Depreciation | a reduction in the value of an asset with the passage of time. |
| Financial advisor | a person employed to provide financial services or guidance to clients. |
| Gross income | an individual’s total pay before taxes and other deductions are taken out the paycheck. |
| Income tax | tax levied by a government directly on income, especially an annual tax on personal income. |
| Inflation | a general increase in prices and fall in the purchasing value of money. |
| Medicare | the federal health insurance program for people who are 65 or older and some younger people with disabilities. |
| Net income | an individual’s income after taking taxes and deductions into account. |
| Property tax | the tax levied by the governing authority of the jurisdiction in which the property is located. |
| Sales tax | a tax on sales or on the receipts from sales. |
| Social security | a federal insurance program that provides benefits to retired people and those who are unemployed or disabled. |
| Altruism | the state of being vested with rights, privileges, and duties. |
| Empathy | the ability to understand and share the feelings of the belief of another. |
| Citizenship | the state of being vested with rights, privileges, and duties. |
| Foresight | the ability to predict what will happen or will be needed in the future. |
| Gratitude | the quality of being thankful; ready to show appreciation. |
| Healthcare | the maintenance and improvement of physical and mental health through medical services. |
| Helping professions | careers that nurture the growth of problems a person has (nurses, doctors, social workers, teachers, preachers). |
| Humanitarian | concerned with or seeking to promote human welfare. |
| Longevity | long existence or service. |
| Needs assessment | a process for determining and addressing needs or "gaps" for people in need. |
| Oath | a solemn promise regarding one's future action or behavior. |
| Patient-centered care | care that is respectful of, and responsive to, individual patient needs. |
| Public health | health-the health of the population as a whole, monitored and regulated by the state. |
| Selflessness | concern more with the needs and wishes of others than with yourself. |
| Servant leadership | a philosophy of leading others by putting the members' needs over your own. |
| Simulated work environment | a learning environment in which a trainee is able to practice using and operating relevant industrial equipment under realistic workplace conditions. |
| Stewardship | the job of supervising or taking care of something, like an organization or a property. |
| Sustainability | the ability to be maintained at a certain rate or level. |
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klucas2
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