Duplicate of Financial literacy standard 2 obj 1

Question 1

The capacity to develop and manage a business venture along with its risks, to make a profit

Accepted Answer

Entrepreneurship

Question 2

The name for a unique set of tasks, skills and abilities that a worker performs

Accepted Answer

Occupation

Question 3

Money, or other funds, gained from labor, business, or property

Accepted Answer

Income/revenues

Question 4

Setting aside of income for future spending

Accepted Answer

Saving

Question 5

Profession or field of employment for which one trains

Accepted Answer

Career

Question 6

Position of employment with specific duties and compensation

Accepted Answer

Job

Question 7

Compensation, usually monetary, paid in exchange for fulfillment of one's duties in a position

Accepted Answer

Salary

Question 8

Money put aside for profit: a financial holding, purchased with the hope of increased value

Accepted Answer

Investment

Question 9

Non-wage compensation provided to employees in addition to their normal wages.

Accepted Answer

Benefits

Question 10

Required payments to the government that are used to provide benefits for the community

Accepted Answer

Taxes

Question 11

A theory explaining the interaction between how much is produced and how much is wanted.

Accepted Answer

Supply and demand

Question 12

Something passed down from parents to you

Accepted Answer

Inheritance

Questions 12