Budgeting Basics
This budgeting method assigns every dollar of your income a specific purpose.
What is a zero-based budget?
What are some examples of fixed expenses for high school students?
This line on a check specifies who should receive the money.
What is the Payee?
This four-Ps framework is a core tool in competitive analysis, considering product, price, place, and what else?
What is Promotion?
This element's symbol is Cu and it's essential for healthy bones and red blood cell formation.
What is Copper?
This popular rule allocates a certain percent of your income to needs.
What is the 50/30/20 rule?
What are some examples of variable expenses for high school students?
This part of the check indicates the amount written out in words.
What is the Written Amount?
Identifying a gap in the market that your product or service can uniquely fill falls under what competitive advantage strategy?
What is Differentiation?
Nicknamed "The Lady," this colossal statue in New York City welcomes immigrants to the United States.
What is the Statue of Liberty?
The 50/30/20 rule suggests spending 30% of your income on this.
What are wants?
How can high school students track their income and expenses?
This corner of the check displays the amount written numerically using cents.
What is the Amount Box?
Gathering information about your competitors' strategies, products, and weaknesses falls under the umbrella term of what?
What is Competitive Intelligence?
Published in 1818, this gothic novel by Mary Shelley features a monster created from body parts.
What is Frankenstein?
This budgeting method uses physical objects to allocate cash for different spending categories.
What is the envelope system?
What are some benefits of setting financial goals for high school students?
This personal mark on the check verifies the account holder's authorization.
What is the Signature?
In competitive analysis, this process involves comparing your company's performance metrics to those of your rivals.
What is Benchmarking?
Also known as "Black Monday," this October 1929 stock market crash marked the beginning of the Great Depression.
What is Wall Street Crash?
In the envelope system, once the cash in an envelope runs out, you cannot spend more in that category until the next...
What is pay period?
Why is it important for high school students to learn about budgeting?
Never do this to a check, as it renders it invalid.
What is Mutilating the check?
This economic framework by Michael Porter identifies five competitive forces that shape industry profitability. One of those forces is the threat of new entrants. What are the other four?
The other four forces in Porter's Five Forces are Bargaining Power of Buyers, Bargaining Power of Suppliers, Threat of Substitutes, and Competitive Rivalry.
Debuting in 1998, this popular search engine quickly became a household name.
What is Google?