Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

FL Strand 1

TermDefinition
Values The things you believe are important.
Needs Of necessity.
Wants Not necessary.
Scarcity A lack of or few.
Goals Object of ambition/effort.
Overconfidence Excessively confident.
Fear of Missing Out Not wanting to be left out.
Regret Avoidance Making emotional instead of logical decisions to avoid feelings regret.
Confirmation Bias Favoring information that confirms or follows your beliefs.
Regret Aversion Decision made to avoid regretting a future decision.
Endowment Effect Buying something thats the same thing you own doesn't have as much value as your original object.
Loss Aversion Pain of losing is twice as hard as the pleasure of gaining.
Sunk Costs An investment that's already happened and can't be recovered.
Hedonic Adaptation Returning to a relatively stable place of happiness.
Bandwagon Effect Doing something because someone else is doing so.
Economy System of inter-related production and consumption activities in a group.
Resources A stock of materials needed in order to function properly.
Entrepreneurship Taking financial risks in hope of profit.
Land any natural resource used to produce goods and services
Labor Working for a company to earn money.
Capital Human goods converted to resources.
Market Economy Prices are determined by unrestricted competition.
Command Economy Prices are determined by the government.
Traditional Economy People gather their own goods and items on their own.
Mixed Economy Combination of private and public enterprises.
Capitalism Country trade and industry controlled by private owners for profit.
Socialism Goods and prices are determined by the community.
Communism Things are publicly owned and each person works and is paid to their needs.
Ultimate Dream Goal An ultimate goal in life.
Mission What you intend to do or change about something.
Vision Image in business of what you want or plan out.
Short Term Goals Goals that are to be completed in a short amount of time.
Midterm Goals Goals that take a decent amount of time to finish.
Long Term Goals Goals that are to be completed throughout a long period of time.
SMART Goals Specific Measurable Achievable Realistic Timely.
Financial Planning Pyramid Financial matters to be addressed first. Debt reduction, insurance, emergency funds.
Cash Flow How much cash is transferred in and out of a company.
Risk Profiling Structure of a company's income statement.
Emergency Fund Money set aside specifically for surprised and unplanned inconveniences.
Estate Property to have something placed or built on top of it.
Portfolio Collection of financial investments.
Insurance Financial losses are protected by a contract/policy.
Tax Planning Using tax law to pay the least amount of taxes possible.
Created by: kentaura
Popular Finance sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards