Work & Jobs
Why do most people work?
To earn money for needs and wants.
What is a job?
Work done to earn money, like dog walking or tutoring.
What’s the first step in starting your own business?
Think of a good idea.
Where did Apple start?
In a garage.
What is income?
Money earned from working or a business.
What’s the difference between a full-time job and a part-time job?
Full-time jobs are usually 40 hours/week, while part-time jobs are fewer hours, often for teens or students.
What is an occupation?
A long-term profession or field, like being a doctor or teacher
Why is planning important before starting a business?
It helps you understand what you’ll need and how much to charge.
What kind of product did Amazon sell first?
Books.
What’s one way a middle schooler can earn income?
Chores, babysitting, tutoring, selling items.
What’s a freelance or gig job?
A short-term job where you get paid per task, like babysitting or designing a flyer.
What’s the main difference between a hobby and a job?
Hobbies are for fun, jobs are for earning money.
Name one way to promote your business.
Word of mouth, flyers, or social media.
What do the companies Facebook, Apple, Amazon, Netflix, and Google have in common?
They all started small with simple ideas.
What are two types of bank accounts mentioned in the slides?
Checking account and savings account.
What’s one reason people might choose to work besides money?
To build experience, help others, or feel productive.
Can a hobby become a job?
Yes, if you start making money from something you enjoy doing.
What is one challenge young entrepreneurs may face?
Finding customers, time management, or handling unexpected problems.
What does FAANG stand for?
Facebook, Apple, Amazon, Netflix, Google.
What’s the difference between credit and debit?
Credit lets you borrow now and pay later; debit uses your own money right away.
Name three types of jobs mentioned in the presentation.
Full-time, part-time, freelance/gig, and self-run businesses.
Name one similarity and one difference between a job and an occupation.
Similarity: Both earn money. Difference: A job is short-term, an occupation is long-term and career-based.
What’s the purpose of keeping track of earnings and costs in a business?
To make sure you’re making a profit.
Name one trait all successful companies shared at the beginning.
Hard work, innovation, or starting with limited resources.
What is compound interest?
Interest earned on your original money plus the interest that has already been added.