Unit 4 Vocabulary

5. A tax on the income individuals or businesses earn, paid to the government.
9. Spreading investments across different assets to reduce risk.
11. Money earned through work, investments, or other sources.
13. Expected income based on career, education, and job choices.
15. Formal learning and instruction that prepares individuals for careers.
16. A fixed, regular payment, usually paid monthly or annually for a job.
17. A framework for setting effective objectives by ensuring they are Specific, Measurable, Achievable, Relevant, and Time-bound
19. Money paid regularly for the use of borrowed money, or earned on investments.
20. Payments made to shareholders from a company’s profits.
22. Learning specific skills needed for a job or task.
23. A step-by-step process for making decisions: identify the Problem, list Alternatives, set Criteria, Evaluate options, make a Decision.
24. Financial gain when revenue exceeds expenses in a business.

1. The supply and demand of workers and jobs in an economy.
2. A mental shortcut that can lead to errors in judgment and decision-making.
3. A long-term path of employment, often requiring education and training.
4. Payment for work, usually calculated hourly or weekly.
6. The value of what you give up when you choose one option over another.
7. The possibility of loss or an unfavorable outcome in a decision or action.
8. Specific abilities and knowledge required to perform a job.
10. Practical experience gained from previous jobs that builds qualifications.
12. A marketplace where shares of companies are bought and sold.
14. A plan for managing income and expenses over a period of time.
18. Putting money into ventures (like stocks or businesses) to earn a return.
21. The process of starting and managing a business, often involving risk.