Unit 8- Looking Forward

A person who purchases goods and services for personal use 

• Deduction
• Depreciation
• Consumer
• Needs

The process of comparing the price of different products or services 

• Long-Term
• Cost Comparison
• Inflation
• Opportunity Cost

A process by which business decisions are analyzed, the benefits of a given action are summed, and then the costs associated with that action are subtracted 

• Cost-Benefit Analysis
• Financial Advisor
• Expense
• Dependents

The federal health insurance program for people who are 65 or older; certain younger people with disabilities 

• Cash Flow
• Medicare
• Dependents
• Opportunity Cost

Financially sound enough to justify the extension of credit; includes factors such as repayment history and credit score 

• Income Tax
• Budget
• Creditworthy
• Net Income

A requirement, necessary duty, or obligation  

• Needs
• Gross Income
• Cash Flow
• Net Pay

An estimate of income and expenditure for a set period of time 

• Dependents
• Income Tax
• Budget
• Expense

A person who is employed to provide financial services or guidance to clients 

• Wants
• Deduction
• Budget
• Financial Advisor

A reduction in the value of an asset with the passage of time 

• Needs
• Depreciation
• Long-Term
• Property Tax

The cost required for something; the money spent on something 

• Medicare
• Income Tax
• Expense
• Gross Income