L1 Money Matters Flashcards
Increase vocabulary skills through repetition to increase comprehension of curriculum
1
Q
cost comparison
A
comparing cost or 2 or more products/services to find best value
2
Q
cost-benefit analysis
A
analyzing if cost is >, = or < than benefit of purchasing item
3
Q
cost
A
price paid for good/service
4
Q
benefit
A
outcome that promotes well-being
5
Q
goods
A
products
6
Q
short term goal
A
accomplish in less than 6 months
7
Q
medium term goal
A
accomplish in 1 year or less
8
Q
long term goal
A
accomplish in more than 1 year
9
Q
income
A
payment received for goods/service, including employment
10
Q
expenses
A
cost paid to secure good/service
