Work and Career Readiness
Theo doesn't really like playing the guitar, but everyone knows he has developed an ability for it. What's another word for his ability?
skill
What do you call the money that's left over after a business pays its costs?
profit
What do you call a fee received for the use of money?
interest
What are the three types of resources used to produce goods and services?
human, natural, and capital
What is the word for the place where people live, work, trade, and share?
Hint: Answer begins with a C.
community
Which of the four career types is missing from the following list: people, things, ideas, and ___________?
data
Rochelle sells lemonade at her neighborhood lemonade stand. Does she sell a good or a service?
good
Before Simon deposits his paycheck at the bank, he must do what on the back of his check?
endorse (sign) it
Where do people and businesses come together to buy and sell goods, services, and resources?
Hint: The answer starts with the letter M.
markets
Elijah enjoys his right to use public goods and services. What the responsibility that goes with that right?
pay taxes
Teresa is skilled at knowing how to act as an employee. She dresses appropriately, treats customers nicely, and is punctual. What are these important skills called?
soft skills
When a business takes out a loan at a bank and promises to repay the load, what must it sign?
promissory note
Liam deposited $5.00 in the bank. He then wrote a check for $4.00. Where should he record these transactions?
checkbook register
Which concept tells us that people can't have everything that they want?
scarcity
Before Sally can vote, she must do what?
register to vote
When an applicant seeks a job, what could he or she write to spark an employer's interest?
resume
Businesses need customers. What do they do to promote their products to customers?
advertise
Where does the money get deducted from when you make a purchase with a debit card?
your checking account (or bank account)
Someone who is an innovator, recognizes opportunities, and organizes resources to make a product is known as an ____________?
entrepreneur
What is the term for charitable giving to increase the well-being of a community?
philanthropy
What is the term for the amount an employee earns before taxes are deducted?
gross pay
What do you call the expenses for rent, utilities, supplies, advertising, and equipment for a business?
operating costs
write his signature
What is the freedom that Tom enjoys when he buys a new tractor to use on his farm?
Freedom to own property
OR
Freedom to buy goods and services.
What is the term for things owned by all people for everyone's use; for example, a city park?
public goods and services