Vocabulary Unit 1
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Need | Goods or services that are reqired for survival
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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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| Trade-off | giving up one thing for another
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| Value | A fundamental belief or practice about what is desirable, worthwhile and important to an individual
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| Want | The desire for goods and services that can increase our quality of life but are not absolutely necessary for out survival
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| Goal | Something a person intends to acquire, achieve, or accomplish in the future.
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| Financial Goals | Specific objectives that are accomplished through financial planning
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| Short-term Goal | A goal that will be attained in less than one year
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| Financial Planning | Managing money continuously through life in order to reach your financial goals
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| Long-term Goal | A goal that will be attained in more than one year
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| Specific | Clearly defined end result
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| Measurable | write exactly when you know the goal is met
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| Attainable | Make a step-by-step plan, outlining how the goal can be reached.
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| Realistic | For the goal to be pssible
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| Time Bound | State when the goal must be reached
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
samantha.parks
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