want it
need it
goals/priorities
resources
opportunities
100
your judgements about the relative importance of alternatives
What is a priority?
100
For example - i-pod, cell phone, acrylic nails, and hair braids
What are examples of wants?
100
targets for what you want to accomplish
What are goals?
100
personal energy, knowledge,experience, skills, talents,determination, creativity, and imagination are all examples of these
What are human resources?
100
baby, childhood, adolesance, young adult, middle-age adult, late aduthood, are good examples
What arre examples of the stages in my lifespan?
200
things you must have in order to live
What is a need?
200
for example - a bath, a shampoo, nutritious food
What are examples of needs?
200
a goal whic may be accomplished in less than 3 months
What is a short term goal?
200
within the 168 hours of this, you can accomplish far more than you may think
What is TIME?
200
marriage, birth of children, the parenting years, the launching period, empty nesting, and retirement are examples of these . . .
What is the family life cycle?
300
things you desire but that are not necessary to live
What is a want?
300
examples - honesty, kindness, respect & fairness
What are examples of values?
300
a goal which may look overwhelming at first, but can be broken down into smaller increments
What is a long term goal?
300
income, savings, investiment, and credit available to help me reach my goal
What are my financial resources?
300
because of limited resources, an economic system can't possibly produce all the goods and services that people want, resulting in choices being made about using these limited resources
What is scarcity?
400
strongly held beliefs and principles about what is worthwhile
What are values?
400
examples - success vs. failure or rich vs. wealth
What are examples of standards?
400
Preparing to deal with difficulties, setting goals with care, asking for the support of others are examples of these
What are strategies for achieving a goal?
400
Food, clothing, books, tools, appliances, cars, phones, and computers are examples of . . .
What are material and technological resources?
400
expanding resources, conserving resources, substituting resources, and exchanging resources. . .
What are ways to use resources effectively?
500
established levels of quality or quantity to measure against
What are standards?
500
Needs, wants, values, & standards
What are considered when setting priorities?
500
exchanging goods or services with another person making it easier to satisfy needs and wants without spending money
What is bartering?
500
choosing to use resources one way over another
What is opportunitiy cost?
500
the process of of using resources effectively to reach your goals
What is the management process?
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