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Personal Finance Study Flashcards | StudBud
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Personal Finance Study
Personal Finance Study
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33 cards
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1
the legal right of the owner of intellectual property
Ethics
Trademark
liquidity
Copyright
2
In economic terms ______payment differs from a _______ payment one is usually paid monthly, other are paid weekly
Wage, Salary
Salary, Wage
Money, Cash
Cash, Register
3
a 2-year government-supported college that offers an associate degree
ROTC
Trade School
networking
community college
4
Social science that studies the production, distribution, and consumption of goods and services.
Economics
Bartering
Capital
Entrepeneuship
5
Based on what reasons may employers not discriminate against applicants?
race, color, religion, sex. nat origin, age 40 disability or genetic Info
ace, color, religion, sex
Age, religion race, disability color, sex gender identity, and pregnancy
race, color, religion, sex
6
the ability of a good or asset to be interchanged with other individual goods or assets of the same type
fungible
trade
supply
fungus
7
Specific and measureable milestones that when reached bring you closer to your ideal future.
Finiancial Goals
Personal Goals
Milestone Goal
Monopoly of Money
8
the sharing of information or services between people, businesses or groups.
liquidity
trade school
networking
Living expenses
9
A period of declining
economic
performance across an entire economy that lasts for several months is called a
recession
strike
redundant
inflation
10
the demand for a resource is greater than the supply of that resource
Needs
Supply
Demand
Scarcity
11
a school or teaching unit organized by an industry or large company to provide trade training, apprentice education
Graduate school
Community bank
Community College
Trade School
12
The primary function of money
medium of exchange, Unit of trade, store of exchange
medium of value Unit of measurement, store of value
medium of exchange, Unit of account, store of value
medium of exchange, Unit of account, store of accounting
13
where you record all of the check and cash transactions your business has during an accounting period.
Spread Sheet
Owl Finiance
Check Register
Quick Books
14
is the monetary value of all finished goods and services made within a country during a specific period
GGP
NATO
GDP
NAAPC
15
expenditures necessary for basic daily living and maintaining good health
Greed
Living Expenses
Inflation
Needs
16
a transaction involving a transfer of money to another party for safekeeping
Anuaity
Copyright
Earned Income
Deposits
17
The ability to adjust your approach and mindset.
Adaptability
Movement
aristocracy
Borg
18
measure of the rate of rising prices of goods and services in an economy
Inflation
FLSA
Cost of Living
Deflation
19
the activity to which one regularly devotes oneself, especially one's regular work, or means of getting a living.
Occupation
Work
economy
advantages
20
the total amount of a specific good or service that is available to consumers
Financial Standards
Supply
Ethics
Demand
21
Moral principle that govern a person's behavior
Trades
Personal Ethics
Comparative advantage
Networking
22
A check shouldn't be accepted for payment.
Money order
Bounced
Cashier
Void
23
What is Personal Finance?
to take money from a business
The Management of an indivdual or family budget
The acceptance that no one controls the direction they are going.
Process to pay for college
24
a company's ability to raise cash when it needs it.
Liquidity
Living Expenses
Networking
Deposits
25
responsible for enforcing federal laws that make it illegal to discriminate against a job applicant or an employee.
EEOC
NCAA
BBB
FBLA
26
The process of combining various material inputs and immaterial inputs in order to make something for consumption
Churn rate
Production
Waiting
Chatbots
27
decrease in the purchasing power of money
deposits
subtraction
inflation
deflate
28
an economy's ability to produce a product faster at a lower cost than their neighbor.
Inflation
Trade School
comparative advantage
Community College
29
an easily recognizable symbol, phrase, or word that denotes a specific product.
Trademark
copyright
Patent
Ownership
30
a check that cannot be processed because the account holder has nonsufficient funds
void check
fiat check
bounced check
counter check
31
What is the minimum wage required in the FLSA?
$7.25
$15
$8.25
$7.75
32
consumer's desire to purchase goods and services and willingness to pay a price for a specific
Supply
Demand
Halitosis
Wealth
33
trade agreement is a pact between two or more nations to reduce barriers to imports and exports among them.
Trade embargo
Staggered Trade
Free Trade
Imports