Career/Income
The benefits offered and paid in part by employers
What is Employee Benefits
An account that can be used to set aside money for future goals or unexpected expenses?
What is a savings account
Which of these is a fixed expense?
a) gasoline
b) telephone
c) rent
d) electricity
C
TRUE OR FALSE
The decision-making process starts with gathering information.
FALSE
Identify the problem
Gather information and list possible alternatives
Consider consequences of each alternative
Select the best course of action
Evaluate the results
Risk of Entrepreneurship
A Short Hours
B No guarantees
C Self control
D ALL
B
Common Employee Benefits
A Paid Vacation Holidays
B Paid Sick Days
C Disability Income Insurance
D A & B
E ALL
E
A type of account that allows you pay your bills and use your debit card.
What is a Checking Account
Income available after needs are paid for.
What is Discretionary income
Postponing thought and action until options are limited
What is procrastination
Risk of Entrepreneurship
A Control
B Keep profits
C No regular paycheck
D ALL
C
Wages and Salaries/Allowances
Investment Income
Self-employment
Inheritance
What is source of income
Those nifty machines that give you money when you put in your card and your pin
What are ATM machines
When putting together a budget, which of the following items should you include?
(A) Fixed Expenses.
(B) Discretionary Expenses.
(C) Savings
(D) All of the above.
(D) All of the above.
refers to what a person gives up when a decision is made. This cost, also called a trade-off, may involve one or more of your resources (time, money, and effort)
What is opportunity cost?
Rewards of Entrepreneurship
A Control
B Keep profits
C Assume debt of business
D ALL
A & B
TRUE OR FALSE
Earning power is the ability to earn money in exchange for Vacation. How much you earn depends on cool you are.
F
Earning power is the ability to earn money in exchange for work. How much you earn depends on the value of your skills in the marketplace.
A piece of paper that is a written order instructing your bank to pay a specific amount of money to a specific person or place.
What is a Check?
What is budgeting?
(A) Having money left over at the end of the month.
(B) A plan made in advance regarding the expenditure of money based on available income.
(C) The ability to pay your bills on time.
(D) Having enough money to go out to eat.
(B) A plan made in advance regarding the expenditure of money based on available income.
Dawn is shopping. She doesn't buy certain items because her family wouldn't approve. She does purchase a purse that her friends would love.
What factors influenced Dawns shopping decisions?
A.Values
B. Feelings
C. Habits
D. Peers
A & D
*****Daily Double*****
Rewards of Entrepreneurship
A Satisfaction
B Short Hours
C A & B
A
*****Daily Double*****
How good you are at what you do
How long you have been working — your experience, your seniority
Your work habits, reliability
What is Factors that Affect Income
A type of card that is linked to your checking account and you can use at retailers and to pay bills.
What is a Debit Card
An individual’s income after taxes are paid is called
Net income
Who should you ensure that you pay when you receive a paycheck?
Yourself
Characteristics of a good Entrepreneur
Choose all that apply
A Self employed
B indiscipline
C Be your own boss
D Beat the competition
A, C, D
Impacts Income
A. The level of education, training, and experience that is required to do a particular job
B. The state of the economy
C. The number of others who have similar or better Cars
D. B & C
E. A & B
E
People with higher education and more skills earn more money on the job than those with less education and fewer skills
What is Earning Power