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Vocab

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Term
Definition
Advocacy   The act or process of writing or speakingin fsvor of, or about a cause.  
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Altruism   The principle or practice of unselfish concern for the welfare of others.  
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Crowd Funding   The practice of funding a project or venture by raising small amounts of money through donations from a large amount of people, typically raised via the Internet.  
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Estate Plan   A clear outline for what should happen upon death of an individual.  
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Expense   Money spent.  
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Financial Planning   Managing money in ways that build a sense of understanding, competence and control.  
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Healthy Giving   When an individual gives out of excess in his or her life and the act provides positive emotions for both the giver and receiver.  
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Opportunity Cost   The value of the next best alternative that must be forgone as a result of a decision.  
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Philanthropy   The desire to promote the welfare of others, expressed especially by the generous donation of time and/or money to worthy causes.  
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Pro-Social Spending   Money spent on others.  
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Public Service Announcement (PSA)   Print advertisement or broadcast commercial on TV or Radio, intended to change attitudes by raising awareness about specific issues.  
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Resources   Anything that can be utilized to meet an objective. It can include human capital, money, time, emotion and more.  
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Social Capital   Personal investment of time through social interactions that builds trust and enables participants to act together more effectively to pursue shared objectives.  
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Social Enterprise   An organization that applies commercial strategies to maximize improvements in human and environmental well-being, rather than maximizing profits for shareholders.  
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Spending Plan   An income and expense statement sometimes referred to as a budget which records both planned and actual income and expenses over a period of time.  
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Time Utility   Concept that refers to satisfaction received from time given up.  
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Trade Off   Giving up one thing for another.  
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Unhealthy Giving   Produces diminished well-being for both the giver and receiver.  
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Utility   Measure of satisfaction.  
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Value   A fundamental belief or practice about what is desirable, worthwhile, and important to an individual.  
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Well-Being   Feeling good about one's life.  
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Created by: MarkEfird
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