Conflict Resolution
What is one common cause of conflict?
Miscommunication, stress, unmet expectations, or differences in values/opinions.
What is the difference between leadership and authority?
Leadership is earned through respect and trust; authority is based on title or position.
What are the three main parts of a budget?
Income, expenses, and savings.
What is the purpose of a checking account?
To manage daily spending with a debit card or checks.
Why do we pay taxes?
To fund public services like roads, schools, police, and healthcare.
Name one step in the 5-step conflict resolution process.
Stay calm, listen actively, express yourself clearly, find common ground, agree on a solution.
Name two traits of someone who takes initiative.
Self-motivation, problem solving, creativity, risk-taking, or resilience.
What is the 50/30/20 budgeting rule?
50% for needs, 30% for wants, 20% for savings or debt.
Name two features of a savings account.
Earns interest, limited withdrawals, used for long-term savings.
What’s the difference between income tax and sales tax?
Income tax is taken from earnings; sales tax is added when buying goods/services.
What’s the difference between healthy and unhealthy conflict?
Healthy conflict involves calm conversation and listening; unhealthy conflict involves yelling, blaming, or avoiding.
What is one leadership style, and how does it work?
Democratic – encourages team input and collaboration.
What's the difference between fixed and variable expenses?
Fixed expenses stay the same (like rent); variable expenses change (like groceries).
What’s the difference between a debit card and a credit card?
Debit pulls directly from your bank account; credit borrows money you pay back later.
What is FICA and what does it fund?
Federal Insurance Contributions Act – funds Social Security and Medicare.
Give an example of a respectful disagreement phrase.
“I understand where you’re coming from, but…” or “Let’s agree to disagree on this one.”
What are two challenges leaders often face?
Facing criticism, managing stress, balancing fairness, or staying consistent.
What is one way to build your savings?
Create an emergency fund, use a savings account, or save a percentage of income regularly.
What is a premium and a deductible in insurance?
A premium is what you pay regularly; a deductible is what you pay before insurance helps.
What form do you use to report traditional employment income?
W-2 form.
Why is conflict resolution important in school and future jobs?
It builds stronger relationships, reduces stress, promotes cooperation, and prepares you for adult life.
Give an example of taking initiative in school or the community.
Starting a recycling program, leading a group project, helping a struggling classmate.
What’s the difference between gross income and net income?
Gross is total before taxes; net is what you take home after deductions.
Name three types of insurance and what they protect against.
Health (medical bills), auto (car damage), renters/homeowners (property damage), life (death benefits), travel (trip issues).
What are the consequences of not paying or filing your taxes?
Fines, penalties, interest, wage garnishment, or legal trouble.