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7.01 - Personal Finance Vocab Study (Give to Others) - Part 2

AB
Public Service Announcement (PSA)Print advertisement or broadcast commercial on TV or Radio, intended to change attitudes by raising awareness about specific issues
ResourcesAnything that can be utilized to meet an objective.  It can include human capital, money, time, emotion and more
Social CapitalPersonal investment of time through social interactions that builds trust and enables participants to act together more effectively to pursue shared objectives
Spending PlanAn income and expense statement sometimes referred to as a budget which records both planned and actual income and expenses over a period of time
Time UtilityConcept that refers to satisfaction received from time given up
Social EnterpriseAn organization that applies commercial strategies to maximize improvements in human and environmental well‐being, rather than maximizing profits for shareholders.
Trade OffGiving up one thing for another
Unhealthy GivingProduces diminished well‐being for both the giver and the receiver.
UtilityMeasure of satisfaction
ValueA fundamental belief or practice about what is desirable, worthwhile, and important to an individual
Well-BeingFeeling good about one’s life 


Teacher - Business, Marketing, & Finance

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