What does “IPO” stand for?
Initial Public Offering
Which company’s parent organization is called Alphabet Inc.?
What app is known for short dance videos and trends?
Tiktok
A business sells a product for $50 that costs $30 to produce. What is the $20 difference called?
Gross Profit
If you plan how much money you will spend on rent, food, and entertainment before the month starts, what are you creating?
Budget
What do you call money earned from an investment?
Return/Profit
Which company owns the brands Louis Vuitton, Dior, and Moët & Chandon?
LVMH
What TV show features entrepreneurs pitching business ideas?
Shark Tank
A company increases its revenue but also increases expenses so much that profit decreases. What situation is this called?
Negative profit growth / declining net profit
You use a card to buy something today but pay the bank back later with possible interest. What type of card is this?
Credit card
What is the name of the market where stocks are bought and sold?
Stock Market
Which parent company changed its name from Facebook in 2021 to reflect its focus on the metaverse?
Meta
What does “side hustle” mean?
A way to earn extra money outside a main job
What do we call the money a company has left after paying all expenses, taxes, and interest?
Net income (Net profit)
You take a loan of $1,000 and still owe $400 after payments. What is the $400 called?
Debt (remaining balance)
What does it mean to diversify investments?
Spreading money across different investments
Which company acquired Whole Foods in 2017 for about $13.7 billion?
Amazon
What social media platform is known for professional networking?
A company raises prices but demand for its product stays the same. What type of demand does this show?
Inelastic demand
Prices go up, but your salary also goes up by the same percentage. What happens to your purchasing power?
It stays the same (inflation is offset)
What animal represents a rising market?
Bull
Which company became the first publicly traded U.S. company to reach a $3 trillion market value?
Apple
Who is known as the “Oracle of Omaha”?
Warren Buffett
A company borrows money to expand its operations. What is this strategy called when using debt to increase returns?
Financial leverage
You receive $500 from a job, but after taxes and expenses you keep $350. What is the $500 called?
Gross income