And Nancy Johnson Prepared a Household Budget in an Attempt

question 320

Multiple Choice

and Nancy Johnson prepared a household budget in an attempt to manage their money better.As part of their budgeting process,Carl and Nancy prepared the following list:
Monthly Income (after taxes) : $4,500
Monthly Expenses (Necessities)
Rent: $550
Auto Loan: $250
Student Loan: $200
Savings: $500
Food: $200
Total Monthly Expenses: $1,700
Amount Left Over: $2,800
After totaling their necessary expenses,which equals $1,700,Carl and Nancy subtracted that amount from their monthly income of $4,500.The Johnsons were happy to realize that they had $2,800 left over,which is their __________.

• A) gross income
• B) personal income
• C) disposable income
• D) discretionary income
• E) profit

Understand the concepts of gross and net investment and their impact on the economy.

Identify the factors that influence the level of investment in an economy.

Understand the role of interest rates, profit expectations, and economic cycles in investment decisions.

Recognize the differences between various types of investments and financial instruments.

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Definitions:

Performance-Related

Pertains to aspects of work or activities that are directly connected to the efficiency, output, or success of an individual or organization.

National Occupational Classification

A standardized system that categorizes and describes occupations according to skill levels and skill types in the Canadian labor market.

Human Resources

The department within an organization responsible for managing recruitment, training, employee relations, and benefits.

NOC

Can refer to the National Occupational Classification, a system categorizing and describing occupations.