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Stuffs
Voals and Galues
SMART Goals
Economics
Jobs and Careers
100
What is a service?
Intangible: Something someone does for you.
100
Define the term value.
Something you think is important.
100
What does the "S" stand for?
Specific
100
What happens to prices when demand is high?
Prices go up.
100
What is the relationship between education level and income?
The more education you have, the higher your income will be. (statistically speaking)
200
What is a good.
Tangible: A physical object. Something you can see and touch.
200
What is a Goal?
A goal is something you want to achieve.
200
What does the "M" stand for?
Measurable
200
What to we call a general rise in prices?
Inflation
200
What is job networking?
Using the people you know to find a job.
300
What is a need?
Something you must have to survive.
300
A goal that covers a one year time frame. (or less)
Short term goal.
300
What does the "A" stand for?
Achievable
300
What is opportunity cost?
Something you give up in order to obtain something else.
300
This document is sent to en employer to outline your education, training, and experience.
A resume
400
What is a want?
Something not necessary to you survival. Something you would like to have.
400
A goal that is more than five years away.
Long term goal.
400
What does the "R"stand for?
Realistic
400
What is liquidity?
How easy it is to convert an asset into cash.
400
Give an example of a job benifit.
Paid vacation, health insurance, life insurance, retirement plan, etc.
500
Is a haircut a good or a service?
Service
500
A goal you hope to achieve in the next 1-5 years.
Medium term goal.
500
How tall is the Statue of Liberty?
151 feet (305 feet counting the pedestal)
500
What is the cost of borrowing money?
Interest
500
What do you call the amount of money it takes to live in a certain geographical region? (Just the essentials.)
Cost of living.