Finance
What is Financial goals?
Is an important step in creating financial independence.
What does goal means?
Is an objective to be attained in a specific amount of time.
Whats the meaning of marginal benefits?
The change in total benefit of using one additional unit.
What's the meaning of Managing personal finances?
It means you manage the use of your resources to the best of your ability.
What's the meaning of economic conditions?
Are the state of the economy at a given time.
What is Financial Literacy?
Is the possession of a body of financial knowledge, a set of basic skills, and the ability to apply knowledge and skills to making informed, responsible financial choices.
Why do you set goals?
To provide direction, motivation, and a sense of purpose in their lives.
What's the meaning of the marginal cost?
The change in total cost of using one more unit.
What does Management means?
Is the process of organizing and using resources to achieve predetermined objectives.
What does Recession means?
Is a period of slow or no economic growth.
What is Personal financial planning?
Is the process of setting financial goals and developing plans to reach them while meeting financial needs.
Why are goals important?
They help clarify what's important and what you want in your life.
What's the meaning of marginal analysis?
Is also a powerful decision-making tool, particularly in business.
What is the meaning of Personal information management (PIM)?
Is a system that individuals use to acquire, organize, maintain, retrieve, and use information.
What does interest means?
Is the amount that is paid for using money. When money is deposited into a bank, the bank pays the depositor interest.
Is an overview of an individual’s current financial position and strategies to meet future financial aspirations.
How do people make their goals?
first identifying what they want to achieve, then making those goals specific, and planned out.
What's the meaning of the economic law of diminishing marginal utility?
It means the marginal benefit of using each additional unit of something tends to decrease as the quantity used increases.
What are the stages of management?
Planning, action, and evaluation.
What does inflation means?
Is a period of rising prices. It also relates to personal money management.
How can Personal finance help you?
It can help you reach important goals and achieve a sense of financial security over your lifetime.
Is goals supposed to be realistic and possible?
Yes
By using marginal analysis businesses what can you determine?
The right number of workers needed to maximize their profits.
What does Management skills mean?
The abilities and traits needed to effectively plan, organize, lead, and control resources to achieve organizational goals.
Why do we have interest?
Interest exists primarily to compensate lenders for the risks and opportunity costs associated with lending money, while incentivizing both lending and borrowing, and playing a critical role in the functioning of a modern economy.