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Study for the final

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