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Unit 1: Choices, Values, Goals, and Needs (Tessa Dumadag)
Terms in this set (27)
the act or practice of calling public attention to one's product, service, need, etc., especially by paid announcements in newspapers and magazines, over radio or television, on billboards, etc
generous actions or donations to aid the poor, ill, or helpless
something given to a person or persons in need; alms
a person or organization that uses a commodity or service.
an agreement between two or more parties for the doing or not doing of something specified
Is a way of comparing the costs of an action to the benefits received.
The balance between the potential of losing something with value and receiving an incentive
Decision Making Process
The cognitive process resulting in the selection of a belief or a course of action among several alternative possibilities
Consumer willingness and ability to buy products
Study of how societies decide what to produce, how to produce it, and how to distribute what they produce
A person who organizes, manages, and takes on the risks of a business.
The ability to reflect on moral issues in the abstract and in historical narratives within particular traditions
The cost required for something
Refers to the set of skills and knowledge that allows an individual to make informed and effective decisions with all of their financial resources.
The steps as to how the mind attains, analyzes, and stores information
The way in which a person or group lives
Tools used to store and deliver information or data
Things that are essential for an organism to live a healthy life
The cost of an alternative that must be forgone in order to pursue a certain action.
The financial management which an individual or a family unit is required to do to obtain, budget, save, and spend monetary resources over time, taking into account various financial risks and future life events.
The desire to promote the welfare of others, expressed esp. by the generous donation of money to good causes
A stock or supply of money, materials, staff, and other assets that can be drawn on by a person or organization in order to function effectively
The state of being in short supply; shortage
A stock of a resource from which a person or place can be provided with the necessary amount of that resource
A balance achieved between two desirable but incompatible features; a compromise
The regard that something is held to deserve; the importance, worth, or usefulness of something
The act of service without an official reward.
To have a desire to possess or do.
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