Quest for Success Unit 6 Vocabulary - Part 1

Front

An estimate of income and expenditure for a set period of time is a ______________.

Back

budget

Front

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

Back

cash flow

Front

Who is the person who purchases goods and services for personal use?

Back

consumer

Front

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

Back

cost-benefit analysis

Front

The process of comparing the price of different products and services is called _________________.

Back

cost comparison

Front

_________________ means being financially sound enough to justify the extension of credit such as repayment history and credit score.

Back

creditworthy

Front

A person who relies on another usually for financial support is a ________________.

Back

dependent

Front

What is the reduction in the value of an asset with the passage of time?

Back

depreciation

Front

What is the cost required for something?

Back

expense

Front

Who is the person who provides financial services or guidance to clients?

Back

financial advisor