Shared Flashcard Set

Details

1.02
personal finance
39
Finance
10th Grade
02/27/2012

Additional Finance Flashcards

 


 

Cards

Term
Goal
Definition
Something a person intends to acquire, achieve, reach, or accomplish
Term
Specific
Definition
Exact, clearly defined or explained
Term
Measurable
Definition
A figure that can be objectively assessed---e.g, a measurable cost or time
Term
Attainable
Definition
Able to be reached---e.g., a budget amount that can be realized
Term
Realistic
Definition
In keeping with reality, likely to happen
Term
time-bound
Definition
Containing a date when a goal will be reached
Term
Alternative
Definition
An option or choice
Term
Pro
Definition
A reason in favor of an option; a potential benefit
Term
Con
Definition
A reason in opposition to an option; a potential limitation or weakness
Term
Impulse
Definition
A whim or sudden desire to do something; acting without thinking
Term
Habit
Definition
A learned behavior that is repeated over and over, usually without thinking
Term
Cultural
Definition
Related to the tradition,beliefs, roles, and communication styles of a group
Term
Societal
Definition
Related to all people, collectively
Term
Economic
Definition
Related to the state of the economy, the financial balance of a population
Term
Technology
Definition
Products, resources, and systems used for specific purposes
Term
Media
Definition
Print, sound, and image channels through which information is conveyed
Term
Legal
Definition
Related to the law
Term
Moral
Definition
Related to a sense of right and wrong
Term
Need
Definition
Something one must have in order to live
Term
Want
Definition
Something one desires to improve quality of living that is not required to live
Term
Value
Definition
A fundamental belief about what is desirable and worthwhile
Term
Standard
Definition
A measure of quality or excellence
Term
Priority
Definition
The relative importance a person places on a value, goal, or alternative
Term
retail store
Definition
Obtains goods from wholesalers to sell to consumers
Term
wholesale
Definition
Obtains goods from suppliers to sell to retailers
Term
department store
Definition
Sells a variety of goods and services in a single store
Term
warehouse club and super store
Definition
Offers price advantages and wide product selection to its members
Term
discount store
Definition
Sells certain lines of merchandise at below-average prices
Term
consignment store
Definition
Sells used merchandise at reduced prices
Term
thrift
Definition
The quality of being frugal, using resources wisely
Term
specialty store
Definition
Sell goods and services for specialized purposes
Term
door-to-door sales
Definition
Salesperson comes to home, either by invitation or not
Term
catalog shopping
Definition
Shopper calls on telephone to buy goods listed in a catalog
Term
reliability
Definition
Being able to depend on a person or business to back up their claims
Term
services
Definition
Special consumer features offered by a store or other seller
Term
estimate
Definition
A total expected cost, in writing, for performing a service
Term
work order
Definition
Gives authority to a service provider to perform services
Term
contract
Definition
Legally binding papers signed by all parties in an agreement
Term
service warranty
Definition
Guarantees certain quality standards of performance
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