Exam (elaborations)
CFM REVIEW with 100% Correct Answers Verified Latest Update 2024
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- CFM REVIEW
- Institution
- CFM REVIEW
CFM REVIEW with 100% Correct Answers Verified Latest Update 2024
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CFM REVIEWdelayed gratification
saving money over time to have enough money to make a major purchase
Short term goal
Goal attained within 3 months
SMART GOAL
Specific, Measurable, Attainable, Realistic, Time
Wants
things that add comfort and pleasure to your life
Needs
things that are necessary for survival
Entrepreneur
a person who organizes and operates a business
fixed expenses
Costs that are the same every time
variable expenses
expenses that change from month to month
Net income
take home pay, amount of income after deductions
Cash flow
Movement of the money you receive and the money you spend.
Expenses
amount of money spent to buy or do something
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