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PBM Chapter 16 Flashcards | StudBud
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PBM Chapter 16
PBM Chapter 16
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StudBud Administration
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Money Management and Financial Planning
Flashcards
11 cards
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Practice quiz
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Questions
11
Answers
1
Items of value.
Allowance
Personal Assets
Variable Expense
Net Worth
2
The financial statement that reports net wages and income along with spending for a period.
Budget Variance
Cash Flow Statement
Money Management
Estate Planning
3
A difference between actual spending and planned spending.
Budget Variance
Fixed Expenses
Cash Flow Statement
Allowance
4
Accumulation and management of property in a lifetime and the distribution of at death.
Fixed Expenses
Variable expenses
Estate Planning
Financial Planning
5
The amount of money you plan to use for a certain budget category.
Budget Variance
Allowance
Personal Assets
Financial Plan
6
A tax sheltered retirement plan in which people can invest earnings up to a certain amount.
Individual Retirement Account
Money Management
Fixed Expense
Estate Planning
7
The difference between a person's or family's assets and liabilities.
Net Worth
Personal Assets
Estate Planning
Variable Expenses
8
Costs that occur regularly and are for the same amount each time.
Fixed Expense
Money Management
Allowance
Budget Variance
9
A report that summarizes your financial condition, needs and sets direction of future finances.
Estate Planning
Money Management
Net Worth
Financial Plan
10
The day to day financial activities using limited income to satisfy your unlimited needs/wants.
Budget Variance
Financial Plan
Money Management
Allowance
11
Living costs involving differing amounts each time.
Variable Expenses
Budget Variance
Fixed Expenses
Allowance
