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7th grade FCS

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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Question
Answer
a careful plan for spending or saving money received within a certain amount of time   budget  
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the result of a decision; a logical conclusion   consequence  
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an arrangement for making payment for a purchase later   credit  
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owing money for items or services purchased on credit   debt  
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the act of making up one's mind   decision-making  
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the idea that people can invest money in a business to try to earn a profit   free-enterprise  
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total income before taxes are deducted   gross income  
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a certain sum of money that will be paid in case of loss by events such as flood, fire, accident, theft or death   insurance  
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a charge for a loan, usually a percentage of what is borrowed   interest  
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a person's preferred activities or hobbies   interests  
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income after all taxes have been deducted   net income  
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the next best alternative given up when a choice is made   opportunity cost  
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the chance of losing, failing or getting hurt   risk  
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the special qualities each person has, including skills, interests and values   self-knowledge  
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a person's talents or abilities   skills  
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a person's beliefs and ideals   values  
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a classification of all jobs into one or more of four categories: People, Data, Things, Ideas   world of work  
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Created by: lyssa720
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