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Leadership vocab

TermDefinition
zero based budget Is a budget method that requires all expenses to be approved and justified in each new budget period.
fixed expenses Is a cost that's typically constant.
variable expenses These expenses change from month to month.
income The money you receive for working or through investments.
need what is necessary like rent or food.
wants what you would want like self care or a concert ticket.
disposable income remaining income after deductions.
financial plan A plan or document of someone's finances short term and long term.
assets is any resource owned or controlled by a business or an economic entity .
liabilities responsibilities for something or someone especially by law.
net worth the value of all assets minus the total of liabilities.
capital is a process used to determine the investments of that company.
surplus An amount of something left over when the requirements have been met.
budget Is a plan to help save money.
Created by: jaceyhumphreys
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