Consumption
Actions that transmit benefits.
What are services?
This relies on your financial habits.
What is a credit score?
Gross pay minus deductions equals this.
What is net pay?
The lowest hourly wage that employer can offer an employee.
What is minimum wage?
The first degree you receive in university.
What is a bachelor's degree?
The 2 consumption taxes.
What is GST and QST?
This reflects your credit score.
What is a credit report?
Also known as qualitative benefits; they increase the value of a job and the well-being of employees.
What are fringe benefits?
A snapshot of your competencies and what you can bring professionally to an employer.
What is a resume/C.V.?
The amount paid to the institution for enrolment, as well as other administrative fees.
What are tuition fees?
Also known as alternative cost, the value of the
choice in terms of the best alternative
while making a decision.
What is opportunity cost?
A late payment of 90-119 days will result in this credit rating.
What is 4?
An illegal act that consists of not declaring income to the government.
What is tax evasion?
A document that is more personal and is addressed and aimed at whichever potential employer you’re looking to get hired from.
What is a cover letter?
This is a tax shelter in which money can be invested to provide vocational training or postsecondary education of a child (beneficiary).
What is a Registered Education Savings Plan (RESP)?
Measures the changes in price for a group of goods or services as well as inflation.
What is the consumer price index?
Pre-approved credit issued by a financial institution that can be used when/as needed by the borrower. (Hint: not a credit card).
What is a line of credit?
The state of forced inactivity for individuals who find themselves without a job despite being able and willing to work.
What is unemployment?
PhD stands for this.
What is doctor of philosophy?
If you do not have enough money to fund your education, you can apply to this.
What is the AFE?
The deliberate limitation by manufacturers of the lifespan of a good.
What is planned obsolescence?
In some cases, when you are borrowing for the first time, you often need someone to serve as this.
What is a guarantor?
When negotiations between a union and an employer have ended, the working conditions are put into writing known as this.
What is a collective agreement?
Having this can increase your chances of a better salary.
What is an education/specialized training?
This is a sum of money that the government grants to students that does not need to be repaid.
What is a bursary?