PF OBJ 1.00 Vocab
Flashcard
•
Life Skills
•
9th - 12th Grade
•
Practice Problem
•
Hard
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12 questions
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1.
FLASHCARD QUESTION
Front
Needs
Back
Goods or services required for survival.
2.
FLASHCARD QUESTION
Front
Opportunity cost
Back
Value of the next best alternative forgone due to a decision.
3.
FLASHCARD QUESTION
Front
Trade-off
Back
Giving up one thing for another
4.
FLASHCARD QUESTION
Front
Value
Back
A fundamental belief or practice about what is desirable, worthwhile, and important to an individual.
5.
FLASHCARD QUESTION
Front
Want
Back
Desire for goods/services that enhance quality of life but aren't essential for survival.
6.
FLASHCARD QUESTION
Front
Financial goals
Back
Specific objectives achieved through financial planning.
7.
FLASHCARD QUESTION
Front
Financial planning
Back
Managing money continuously through life to reach financial goals.
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