Basic Economics
Food, Shelter, Clothing are examples of _________
Needs
The C stands for _______ and the O stands for _________ in CEO, CMO, COO, CSO
Chief _________ Officer
When creating a _________ to apply for a job, you want to include, Name, Address, Education, Past work Experience
Resume
T or F: Net Pay is what I earn after taxes.
True
From the choices below, what is the least liquid item?
Cash c. Car
Check d. Home
Home
A tangible thing that I can buy is a ___________ while something someone does for me is a service.
Products/Goods
A business owned by 1 person is called a ______________
Sole Proprietor
The lowest wage an employee can earn is called ___________
Minimum Wage
State and Federal Taxes, Medicare/Medicaid, Social Security Tax and retirement that are taken out of your paycheck are called ________
Deductions
T or F: APR stands for Annual Percentage Return
False
A _________ economy is the type where the government has some say in what businesses do but competition is still encouraged. Think USA economic structure
Mixed Economy
A business owned by its members is called a _________
Co-op
During an _________ you want to be early, dress professionally, answer the questions fully, look the person in the eyes, sit up straight and a variety of other things to present yourself well.
Interview
Everytime I start a new job I must fill out a ________
W-4
What's the last thing you do for a check before cashing it in is sign the back, which is called ________
An Endorsement/Endorsing a Check
The four phases of an economic cycle are: Depression, _____________, Recovery, and Prosperity.
Recession
The way a company/business organizes itself in terms of chain of command and who reports to who is called a _______________
Business Structure
Sick days, Paid Time off, Maturity/Paternity Leave, Bonuses are all considered what?
Benefits
For every job I have I would get a _________ by February 1st. It tells me how much I earned and how much I paid in taxes.
W-2
The numbers on the bottom of the check are called _________
Routing Numbers
A _____________ is when a business has complete control over all goods or services. Think of antitrust laws.
Monopoly
A top down business structure where everyone reports to someone above them; where there is a clear chain of command and people are divided up by responsibility is called a ________ business structure.
Heirarchy
There are two ways to get paid at a job: Hourly and _______
Salary
When I file my taxes I need Form _________ and it must be to the IRS by April 15th.
1040
The difference between a Bank and a Credit Union is that a Credit Union is owned by its ___________. Think Co-Op
Members