Community
What is the word for the place where people live, work, trade, and share?
Communitry
What are the 3 types of resources used to produce goods and services?
Human, Natural and Capital
Ms. Kasper doesn't really like playing the guitar, but everyone knows she has developed an ability for it. What's another word for her ability?
Skill
What do you call the money that's left over after a business pays its costs?
Profit
What do you call a fee received for the use of money?
Interest
Mr. Kotowicz enjoys his right to use public goods and services. What is the responsibility that goes with that right?
To Pay Taxes
What is the term for charitable giving to increase the well-being of a community?
Philanthropy
Mr. Slonac is skilled at knowing how to act as an employee. He dresses appropriately and treats customers nicely. What are these skills called?
Soft Skills
Ms. Marquis sells lemonade at her neighborhood lemonade stand. Does she sell a good or a service?
Good
Before Mrs. Albert deposits her paycheck at the bank, she must do what on the back of the check?
Endorse it
Before Matt can vote, he must do what?
Register to Vote
Which concept tells us that people can't have everything that they want?
Scarcity
What is the term for the amount an employee earns before taxes and deducted?
Gross Pay
When a business takes out a loan at a bank and promises to repay the loan, what must it sign?
Promissory Note
Jessica deposited $5.00 in the bank. She then wrote a check for $4.00. Where should she record these transactions?
Money Tracker
What are the three T's of Philanthropy?
Time, Treasure, Talent
Someone who is an innovator, recognizes opportunities and organizes resources to make a product is known as an?
Entrepreneur
When applicants seek a job, what should they write to spark an employer's interest?
Resume
Businesses need customers. What do they do to promote their products to customers?
Advertise
Where does the money get deducted from when you make a purchase with a debit card?
Checking account or bank account
What's the term for things owned by all people for everyone's use, for example, a city park?
Public Goods & Services
What's another name for a model or sample of a product?
Prototype
What are the 4 career types?
People, Data, Things, Ideas
What do you call the expenses for rent, utilities, supplies, advertising and equipment for a business?
Operating Costs
Arika wants cash back from her deposit. What must she do on her deposit ticket that is different from when she doesn't want cash back?
Write her signature