Academic Team Round 3

Money Matters

15

A plan for the use of time, money or resources

Budget

15

coins, currency, or the equivalent

Cash

15

The price of a good or service

Cost

15

The value of a good or service stated in money terms

Price

15

Payment in exchange for the time, energy and/or skill of the labor force

Wages

Business Stuff

15

Activities that can satisfy people's wants or needs

Service

15

The difference between the total revenue and total cost of a business

Profit

15

The process of using resources (factors of production) to make goods

Production

15

legal organization of a business with more than one person owning/managing the business

Partnership

15

Chartered by the state, a business that operates as a legal entity separate from its owners

Corporation

ELA

15

Comparing two things using like or as

Simile

15

The person telling the story

Narrator

15

To over exaggerate 

Hyperbole

15

Name the 5 text structures

Compare and contrast

description

problem and solution

sequence

cause and effect

15

He, she, me, you, I are examples of what?

Pronouns

Spell The Economic Term

15

A written order to a bank to pay a certain amount of money from a person’s account to a business or some other person

C-H-E-C-K

15

Anything that is helpful or advantageous

B-E-N-E-F-I-T

15

Those resources that are in relatively large supply are called __________________ resources

A-B-U-N-D-A-N-T

15

The act of putting money into an account in bank or other financial institution o

D-E-P-O-S-I-T

15

The condition of not being able to have all the goods and services that one wants

S-C-A-R-C-I-T-Y

Unscramble the economy Term

15

The scientific and mechanical skill and knowledge used in producing goods and services

T Y E H C O L N G O

Technology

15

Tax deducted from gross income for the purpose of paying federal income tax benefits as a person earns income  

T H I H L G W D O I N   A X T

Withholding Tax

15

The act of moving goods and services from one geographic location to another

R R T T A A N N O O I S P 

Transportation

15

An additional cost or fee for the privilege of purchasing a good or service on credit

V R E S E I C 

 A E H C R G

Service Charge

15

Unprocessed natural products used in the production of final goods and services

A W R 

E T A A I M R L 

 

Raw Material