Business structures
Banking
Job Skills
Budgeting
credit
100
How many owners does a sole proprietor have?
What is one
100
What 3 kinds of money are recorded on a deposit slip?
What is currency, coins & checks
100
What is the purpose of a letter of application?
What is to introduce you to the company, expressing that you have an interest in working for them
100
What is budgeting?
What is a plan for your savings and spending
100
What is a definition of credit?
What is buy now, pay later
200
What type of structure has the least financial risk for the owner(s)?
What is partnership
200
What is the document called where you record all financial activity into your check book?
What is check register
200
When filling out an application, what are you suppose to do when the question, does not apply to you?
What is draw a line through it, showing that you have read the question, and didn't skip it.
200
Why does budgeting not always work the way you planned?
What is you have unexpected expenses, or may lose your income.
200
Give 2 example of different kinds of credit
What is revolving & loan credit
300
How does a business make a profit?
What is make more income than expenses
300
Who is the payee of a check?
What is the person you are writing the check out to.
300
What is the purpose of a reference?
What is to speak on your behalf and try and help you get the job.
300
What does it mean when you hear the statement, pay yourself like a bill?
What is to put a regular amount into your saving each pay period, just like when you have to pay your set bills monthly.
300
What is collateral?
What is security
400
What is inventory?
What is the merchandise you wish to sell to your customers
400
What is a postdated check?
What is a check written out for a future date
400
Why should you ask permission for someone to be your reference?
What is so you know they agree to be your reference and that they can expect to talk to a potential employer on your behalf when they call.
400
Give to examples of debt disaster signals
What is not having any idea of what you owe, making minimum payments, not being able to save any money
400
What is credit based upon?
What is trust
500
What are 2 advantages and disadvantages of a sole proprietorship and partnership?
What is a sole proprietor advantages are: gets to keep all the profits, and call all the shots, and disadvantages are limited ideas, and long work hours. A partnership advantages are: more ideas, and less financial risk, and disadvantages are, arguments & share money
500
What is an over draft fee?
What is fee you must pay, when you do not have enough money in your account to cover the check
500
What are 3 sources that people may use to help them find a job?
What is want ads, signs in windows, word of mouth, websites, employment agencies.
500
What are 2 tips to get the most for your money?
What is coupons, comparision shopping, go with a list and stick to it, buy generic vs name brands
500
What are 2 advantages and 2 disadvantages of credit?
What is use the item while paying for it, and accepted about everywhere, and disadvantages are interest & temptation to overspend.
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