Chapter Three Quiz

Chapter Three Quiz - 1. Suppose that after graduation you...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
1. Suppose that after graduation you find a job that pays you an annual salary of $60,000. After paying taxes of $25,000, you have $35,000 left to pay for basic household expenses (food, shelter, clothing, and transportation), which totals $30,000 or $2,500 per month. After putting $3,000 in savings, you have $2,000 left for a two-week vacation during your first year of employment. This $2,000 amount is referred to as your net income. gross income. earned income after taxes. disposable income. discretionary income. Discretionary income is the money that remains after paying for taxes and necessities and is used for “luxury” expenses such as vacations. 2. The process of continually acquiring information on events occurring outside the organization, to identify and interpret potential trends is referred to as trend analysis. organizational scanning. environmental scanning. external threat assessment. a SWOT analysis. Key term definition—environmental scanning. 3. The __________ is one formed by merging two previously separated units into a single household. multigenerational household multicultural household blended family bundled family co-mingled household Key term definition—blended family. 4.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 3

Chapter Three Quiz - 1. Suppose that after graduation you...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online