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Health Insurance

Health insurance is built upon the same core concepts of premiums and deductibles, like other forms of insurance. … See more

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URL: https://personalfinancelab.com/finance-knowledge/personal-finance/health-insurance/

Financial Literacy Games for Students

WebWith our Financial Literacy Games students are fully engaged in many activities. Our platform teaches many money management and other skills that all students need. It …

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Income and Compensation

WebWhen people think of their “income,” salary or wages is usually the first number that comes to mind. It is the actual cash that your employer pays you per year. When considering …

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The Virtual Finance Lab’s Financial Life Simulation

WebWhen you register (for free), you will have full access to the PersonalFinanceLab’s financial life simulation consists of 2 parts: a personal budgeting simulation that covers 12 virtual …

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Getting Trading Ideas

WebGetting Trading Ideas. Written by Kevin Smith. The most challenging aspect of starting to invest is picking the first few stocks to add to a portfolio. Every investor has their own …

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Consumer Behavior

WebConsumer Behavior. Consumers play an integral part in the marketplace. They are the ones who purchase the products, and largely inform the kinds of products that are produced …

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What is Insurance

WebComments are closed. Insurance is protection from losing or damaging something. It is defined as the transfer of loss risk in exchange for payment. Basically, if we damage or …

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Benefits Of Competition

WebWhat is Competition? “Competition” is when many producers try to sell similar goods to the same set of consumers. The producers need to “compete” to try to attract more …

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Shane Legatzke, Author at PersonalFinanceLab

WebThe Product Life Cycle. Written by Shane Legatzke. The Product Life Cycle is the series of phases a product moves through in its lifetime, which include introduction, growth, …

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Classification of Products and Services

WebThis process is known as product classification. Within the category of consumer products, there are four main classifications: convenience goods, shopping goods, specialty goods, …

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Social Responsibility in Management

WebSocial responsibility is having a sense of duty to society and everything that is a part of it. In other words, “social responsibility” means managers are accountable to society at large, …

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Short Term and Long Term Financing

WebThe answer is found on the balance sheet. Current assets are financed with short-term borrowing (current liabilities), and noncurrent assets with long-term borrowing …

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Open-Ended Challenge Questions

WebPersonalFinaceLab’s curriculum library is packed full of automatically-graded quizzes and assessments at the end of every lesson. However, to give students an additional push, …

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Utah Financial Literacy Standards: Helpful Teacher Resource

WebUtah Financial Literacy Standards. We compared our learning materials and the core financial literacy concepts that are covered in our Budget and Stock Games to the …

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Government Impact on the Economy

WebWritten by Kevin Smith. As a society with a market-based economy, the government has three broad mandates: Ensure the common defense. Promote economic growth. Strive …

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