Business Management
What Do you call the money that's left over after a business pays its costs?
profit
What do you call a member of a town, city, county, state, or country?
citizen
What is the word for the place where people live, work, trade, and share?
community
Theo doesn't really like playing the guitar, but everyone knows he has developed an ability or it. What's another word for his ability.
Skill
What are the three types of resources used to produce good and services?
human, natural, and capital
Rochelle sells lemonade at her neighborhood lemonade stand. Does she sell a good or a service?
good
What is the term for charitable giving to increase the well-being of a community?
philanthropy
Elijah enjoys his right to use public goods and services. What is the responsibility that goes with that right?
to pay taxes
Which of the four career types is missing from the following list: People, things, ideas,...?
Data
Where do people and businesses come together to buy and sell good, services, and resources?
markets
When a business takes out a loan at a bank and promises to repay the loan, what must it sign?
Promissory Note
Junior Achievement is an institution that increases the well-being of young people by inspiring and preparing them to succeed in a global economy. What type of organization is Junior Achievement?
nonprofit organization
Before Sally can vote, she must do what?
Register (to vote)
Teresa is skilled at knowing how to act as an employee. she dresses appropriately, treats customers nicely, and is punctual What are these important skills called?
soft skills
which concept tells us that people can't have everything that they want?
scarcity
Businesses need customers. What do they do to promote their products to customers?
How would you say 44 percent using the phrase “out of one hundred?”
44 out of one hundred
What are the three W's of philanthropy?
Wealth, work, and wisdom
When an applicant seeks a job, what should he or she write to park and employer's interest?
resume
entrepreneur
What do you call the expenses for rent, utilities, supplies, advertising, and equipment for a business?
operating costs
What’s another name for a model or sample of a product?
prototype
What's the term for things owned by all people for everyone's use; for example, a city park?
public goods and services
What is the term for the amount an employee earns before taxes are deducted?
gross pay
What is the freedom that Tom enjoys when he buys a new tractor to use on his farm?
Freedom to own property