vocab #3 Flashcards
1
Q
Gouge
A
overcharge; swindle.
2
Q
Net
A
Profit or income after expenses are deducted
3
Q
Gross
A
Profit or income, counting expenses
4
Q
Volatility
A
liability to change rapidly and unpredictably, especially for the worse.
4
Q
Baseline
A
starting point used for comparisons.
4
Q
Discretion(2nd)
A
the freedom to decide what should be done in a particular situation
5
Q
Commodity
A
a raw material or primary agricultural product that can be bought and sold,
5
Q
Quarter
A
for the economy, three months
5
Q
Liquidity
A
The ease with which an asset or security can be converted into cash
6
Q
Secular
A
Occurring indefinitely over a long period
