Money Skills Chapter 1

a period of slow or no economic growth

are intangiable activites that another person usually performs for a fee

a standard is an established measure of....

Helps you reach important goals and financial security over your lifetime

is the application of science and research to human life and environments

the change in total benefit of using one additional unit

unethical behavior can be illegal

long term goals take

is a method of weighing the cost against the benefits of an action

is the worldwide spread and integration of production , markets, communications, and tech

are the state of the economy at a given time

possessing and applying financial knowledge to make informed and responsible financial choices

Using your resources to achieve predetermined objectives

what tools can you use to reach goals

are the statistical characteristics of a population

are things that would like but are not essential

is the value of the option you gave up

psychological needs

Which of the following does management involve

short term goals take

is the beliefs, behaviors, and other characteristics common among members of a group of society

is the choice you give up when you make one choice over another

Is the ability to meet essential needs without taking on more debt than you can repay

the moral principals or beliefs that direct a persons behavior

medium term goals take

a period of rising prices

physical needs

goals are related to personality and character

is a process of choosing a course of action after evaluating

Are your beliefs about what is important and desirable

is the overall structure of values and goals that guides your behavior

is an objective that you want to obtain

goals continually change

the change in total cost of using one more unit

goals are things you want to accomplish

are tangible items that can be purchased