A record of income and spending and a plan for managing money.
What is budget?
Putting money into a venture that offers the possibility of earning more money.
The process of using logic and reasoning to make a judgement.
What is critical thinking?
A person who creates and organizes a new business.
What is an entrepreneur?
This is how credit card companies decide if you're trustworthy.
What is credit score?
Amount of monthly income remaining after all deductions have been taken out.
What is net monthly income (NMI)?
This is JA's motto for saving.
What is Pay Yourself First?
The GRPI model is a tool used by business teams to increase the effectiveness of their work. What does the G stand for?
What are goals?
True or False? People are born with the traits to be a successful entrepreneur; it's genetic.
What is False?
The means by which a product or service is made known or sold to customers.
What is marketing?
Social security, medicate, and other retirement programs are supported by what type of taxes?
What are federal taxes?
Rent and car payments are examples of this type of expense.
What is a fixed expense?
What are soft skills?
True or False. Innovative thinking is one of the six characteristics of successful entrepreneurs.
What is True?
This Shark Tank judge used to be a JA kid.
Who is Mark Cuban?
Local and state governments use money for this to pay for services like public schools, libraries, and police.
What are state taxes?
Money paid for entertainment, doctor bills, and dining out are examples of this type of expense.
What are variable expenses?
STEM jobs are in high demand. What does the T stand for?
What is technology?
A group sharing characteristics of a human population segment, used to identify consumer markets.
What is a demographic?
Junior Achievement's program where high school students teach elementary school students.
What is High School Heroes?
Making a purchase bases on an immediate want or due to pressure of advertising.
What is impulse buying?
This is money that is owed.
What is debt?
The personal expression of who you are and what makes you unique.
What is personal brand?
The expectations and behaviors of a business that set it apart from its competitors.
What is competitive advantage?
Name the 3 JA pillars.
What are financial literacy, career readiness, entrepreneurship?