Shared Flashcard Set

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Personal Finance
Vocab
24
Business
11th Grade
02/27/2012

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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 traditions, beliefs, roles, and communication styles of a group
Term
Societal
Definition
Related to all people, collectively
Term
Demographic
Definition
Statistical data about a population
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
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