Ficep stuvia Study guides, Class notes & Summaries

What does accounts receivable mean? - ANSWERMoney that is owed to a business What does accounts payable mean? - ANSWERMoney that a business owes to others What are considerations for cash flow when running a business? (7) - ANSWER(1) Accounts receivable (2) Accounts payable (3) Cyclical or seasonal income (4) Inventory management (5) Taxes (6) Insurance (7) Retirement benefits What are ways to establish good credit? (9) - ANSWER(1) Paying bills on time (2) Establishing regular ...

PACING - ANSWERcreate a feeling of connection with a member, by matching physical characteristics, such as posture, energy level, and breathing. BLENDING - ANSWERdisplay communication patterns that match a member's, such as speech rate, tone, vocabulary, and appearance FORCE-FIELD ANALYSIS - ANSWERa method used to view all the forces in favor of or against a plan, so a decision can be made. Analysis begins with stating a problem. Then, a member lists the

Financial Well-Being - ANSWERTied to behaviors and attitudes, influenced by environment and experiences Poor Financial Habits - ANSWERSpending too much, saving too little, carrying too much debt, caring too little about financial future, reliance on others Spending Cycles - ANSWER4 primary cycles, counselors aim for Earn/Save/Spend cycle Behavioral Influences - ANSWERLearned patterns, parents, society, creditors, lenders Maslow's Hierarchy of Needs -

deliquent - ANSWERdebt or other financial obligation on which payment is overdue foreclosure - ANSWERthe seizure of property from borrowers who are unable to repay their loans money avoidance - ANSWERbelieve that money is bad and they do not deserve it; may ignore their finances and avoid thinking about money; may also give away money to others in order not to have it. money worship - ANSWERconvinced that more money will solve all of their problems, that there will never be enough, that...

________________ _____________ occurs when a criminal obtains personal information to use without permission. - ANSWERIdentity theft Primary sources of data for identity thieves include ___________ ________________ cards, driver's license, tax returns and medical insurance cards. - ANSWERSocial Security Opting out of __________________________ credit card offers will help stop identity theft. - ANSWERPre-screened Lack of a lock icon, misspelled words, altered logos and requests for per...

What are referral clues? - ANSWERDepression, anxiety, marital stress, secretive behavior, sudden change, severe unexplainable financial difficulties How do you make successful referrals? - ANSWER1. Recognize need to maintain dignity 2. Confidentiality 3. Be accurate 4. Set expectations especially with public programs 5. Follow up What situations call for immediate assistance? - ANSWER1. Food, shelter, or medical care 2. Professional help (ex. psych needs) 3. Severe financial crisis What...

Which spending cycle is the preferred one to be in? - ANSWEREarn/Save/Spend concious mind - ANSWERleft hemisphere, center for processing sensory info unconscious mind - ANSWERRight hemisphere, autonomic processing Hard approach - ANSWERleft/analytic side, assertive/orderly/straightforward Soft approach - ANSWERRight/creative side, offers possibilities and suggestions

TRUE or FALSE: Receiving a medical bill affects your credit score - ANSWERFalse TRUE or FALSE: Divorce has a direct impact on credit score - ANSWERFalse Student loan refinancing makes sense when the member has: - ANSWER1. High interest rates on existing loans 2. Steady income 3. Above-average credit score Members need to communicate ______ to creditors - ANSWERCalmly What is the first step to help facilitate productive money conversations with couples/families? - ANSWERIndividually...