Smart Shopping
Something required for survival is called a
Need
This type of pay is usually biweekly and the amount is usually the same
salary
What's the first thing you should do when planning your career?
Make a list of your job preferences and skills
The amount of money a company makes from sales is called _______
Revenue
What kind of investment is ownership of a company?
Stocks
The trade-off of making one choice and giving up a different choice
opportunity cost
What should you do to avoid paying interest on your credit card?
Pay the full balance each month
If demand is high for a certain type of worker, are there a lot of jobs available or very few?
A lot
When the price of goods and services rises, this is called what?
Inflation
The price you pay for health insurance per month is called what?
Premium
An expense whose amount may change from month to month.
Variable expense
What term describes an hourly rate of pay?
Wage
What is a work-study program?
A job that allows you to gain on the job experience and earn money while attending college.
What kind of account might you put your money in if you want to earn interest?
Savings account
If you have liability insurance on your car, who is covered if you cause an accident with another vehicle?
The other vehicle (not yours)
Use this to compare prices of two different brands.
Unit price
What factor has the biggest impact on a credit score?
The number of years you've used credit responsibly.
Someone with a professional degree can expect to earn how much more than someone that didn't attend college?
3 times as much
What is the first step when opening a savings account?
Compare different accounts available.
If a case of pop (24 cans) costs $9.99, how much does each can cost?
42 cents
(9.99/24)
Which of these is a "want":
cell phone or groceries
cell phone
A debit card is connected to what kind of account?
Name a job that probably won't be affected by poor economic conditions.
Medical field: doctor, nurse
What is the term used when the cost of good and services goes down?
Deflation
The various abilities you use to complete your work are called what?
job skills