Personal Finance Study 4th

Social science that studies the production, distribution, and consumption of goods and services.

the total amount of a specific good or service that is available to consumers

responsible for enforcing federal laws that make it illegal to discriminate against a job applicant or an employee.

The primary function of money

a company's ability to raise cash when it needs it.

Moral principle that govern a person's behavior

the legal right of the owner of intellectual property

What is Personal Finance?

A check shouldn't be accepted for payment.

a school or teaching unit organized by an industry or large company to provide trade training, apprentice education

expenditures necessary for basic daily living and maintaining good health

Specific and measureable milestones that when reached bring you closer to your ideal future.

the demand for a resource is greater than the supply of that resource

The process of combining various material inputs and immaterial inputs in order to make something for consumption

Based on what reasons may employers not discriminate against applicants?

The ability to adjust your approach and mindset.

A period of declining economic performance across an entire economy that lasts for several months is called a

a 2-year government-supported college that offers an associate degree

a check that cannot be processed because the account holder has nonsufficient funds

the activity to which one regularly devotes oneself, especially one's regular work, or means of getting a living.

the ability of a good or asset to be interchanged with other individual goods or assets of the same type

an easily recognizable symbol, phrase, or word that denotes a specific product.

decrease in the purchasing power of money

an economy's ability to produce a product faster at a lower cost than their neighbor.

What is the minimum wage required in the FLSA?

a transaction involving a transfer of money to another party for safekeeping

is the monetary value of all finished goods and services made within a country during a specific period

trade agreement is a pact between two or more nations to reduce barriers to imports and exports among them.

where you record all of the check and cash transactions your business has during an accounting period.

​ In economic terms ______payment differs from a _______ payment one is usually paid monthly, other are paid weekly​

consumer's desire to purchase goods and services and willingness to pay a price for a specific

the sharing of information or services between people, businesses or groups.