Financial Literacy
This type of interest is calculated on both the principal and previously accumulated interest.
What is compound interest
This entrepreneur founded Amazon in 1994 and later became one of the richest people in the world.
Who is Jeff Bezos
Allows businesses to take specific action.
What is a permit
This billionaire entrepreneur turned the Dallas Mavericks into an NBA champion team and is one of the main investors on Shark Tank.
Mark Cuban
A Set of tasks planned to achieve a goal.
A Project
When a country experiences two consecutive quarters of negative GDP growth, it is commonly defined as this.
What is a recession
When prices rise over time and your money buys less than it used to, this economic term describes what is happening.
Inflation
Coca-Cola and Starbucks: They offer different types of food and beverages but compete for the same consumer spending.
Indirect Competitors
This streaming company disrupted Blockbuster by shifting from mail-order DVDs to digital streaming.
Netflix
Predictive Lifecycle (Waterfall Approach)
● Stages:_____ , _____, _____, _____, ______.
Initiate, Plan, Execute, Monitor, Close
If you co-sign a loan and the primary borrower defaults, you are....?
Legally responsible for the debt
This retirement account allows your money to grow tax-free and withdrawals in retirement are also tax-free.
Roth IRA
4 Ps of Marketing
Product, Price, Place, and Promotion
When you only pay the minimum balance on a credit card, this grows quickly and makes purchases much more expensive.
What is interest
Those tasks still need to be completed because they are waiting for someone.
Bottlenecking
This central U.S. banking system controls monetary policy and adjusts interest rates to fight inflation or stimulate growth.
What is the Federal Reserve
This loan is backed by collateral and usually has lower interest rates because the lender has less risk.
What is a secured loan
Two part question.
High level of protection and individual tax rate, up to ____ investors. Private company.
S - Corp.
100.
This three-digit number, ranging from 300–850, determines how risky you are to lenders.
What is a credit score
You have 6 team members in total, how many communication channels do you need?
15
When the Federal Reserve raises interest rates to slow inflation, this typically happens to bond prices.
What is bond prices decrease
This famous investor, known as the “Oracle of Omaha,” leads Berkshire Hathaway and is one of the most successful long-term investors ever.
Who is Warren Buffett
Steps to complete a sale:
1. Prospect or Determine whether the customer needs your service and can pay.
2. Meet.
3. Handle objections.
4. Close the sale.
5. Follow up.
This 1776 document formally declared the American colonies’ independence from Britain.
What is the Declaration of Independence
Communication Channel Formula
n x (n-1)/2