Quest 6

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

• 
  

  Budget

  
  

• Cash flow

• Expense

• Income

the total amount of money being transferred into and out of a business or household

• Budget

• Cash flow

• Expense

• Income

a person who purchases goods and services for personal use

• Social security

• Financial advisor

• Consumer

• Dependents

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

• Depreciation

• Cost-benefit analysis

• Cost comparison

• Creditworthy

the process of comparing the price of different products or services

• Cost comparison

• Cost-benefit analysis

• Consumer

• Creditworthy

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

• Dependents

• Cost-benefit analysis

• Cost comparison

• Creditworthy

a person who relies on another, especially for financial support

• Social security

• Dependents

• Consumer

• Financial advisor

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

• Income tax

• Gross income

• Expense

• Depreciation

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

• Financial advisor

• Dependents

• Consumer

• Purchasing power

an expense that will be the same total amount regardless of changes in the amount of sales, production, or some other activity

• Inflation

• Gross income

• Fixed expense

• Medicare