Key Terms and Definitions

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Budget

Back

A plan to help manage money wisely.

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Community Resources

Back

Facilities that are shared by many people, such as parks, schools, and libraries.

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Decisions

Back

A conscious or unconscious response to a problem or issue.

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Dovetail

Back

To combine or fit tasks together.

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Emulation

Back

The act of imitating the behavior of others around you.

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Fixed Expense

Back

A set amount of money that a person is committed to pay, such as a monthly car payment.

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Fringe Benefits

Back

Employee benefits provided by an employer, such as insurance, profit-sharing plans, and paid vacations.

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Goal

Back

An aim a person is consciously trying to reach.

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Gross income

Back

The total amount of money an employee earns before deductions.

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Human Resource

Back

A resource, such as knowledge, energy, skill, or talent, that comes from within a person.