Basic Economics
Management
Applying for a Job
Payroll and Taxes
Banking
100

Food, Shelter, Clothing are examples of _________

Needs

100

 The C stands for _______ and the O stands for _________  in CEO, CMO, COO, CSO

Chief _________ Officer

100

When creating a _________ to apply for a job, you want to include, Name, Address, Education, Past work Experience

Resume

100

T or F: Net Pay is what I earn after taxes. 


True

100

From the choices below, what is the least liquid item? 

  1. Cash            c. Car

  2. Check             d. Home

Home

200

A tangible thing that I can buy is a ___________ while something someone does for me is a service.

Products/Goods

200

A business owned by 1 person is called a ______________

Sole Proprietor

200

 The lowest wage an employee can earn is called ___________


Minimum Wage

200

State and Federal Taxes, Medicare/Medicaid, Social Security Tax and retirement that are taken out of your paycheck are called ________


Deductions

200

T or F: APR stands for Annual Percentage Return 

False

300

 A _________ economy is the type where the government has some say in what businesses do but competition is still encouraged. Think USA economic structure

Mixed Economy

300

A business owned by its members is called a _________

Co-op

300

During an _________ you want to be early, dress professionally, answer the questions fully, look the person in the eyes, sit up straight and a variety of other things to present yourself well. 

Interview

300

Everytime I start a new job I must fill out a ________


W-4

300

What's the last thing you do for a check before cashing it in is sign the back, which is called ________ 


An Endorsement/Endorsing a Check

400

The four phases of an economic cycle are: Depression, _____________, Recovery, and Prosperity.

Recession

400

The way a company/business organizes itself in terms of chain of command and who reports to who is called a _______________

Business Structure

400

Sick days, Paid Time off, Maturity/Paternity Leave, Bonuses are all considered what?

Benefits

400

For every job I have I would get a _________ by February 1st. It tells me how much I earned and how much I paid in taxes.

W-2

400

The numbers on the bottom of the check are called _________

Routing Numbers

500

A _____________ is when a business has complete control over all goods or services. Think of antitrust laws.

Monopoly

500

A top down business structure where everyone reports to someone above them; where there is a clear chain of command and people are divided up by responsibility is called a ________ business structure. 

Heirarchy

500

There are two ways to get paid at a job: Hourly and _______  

Salary

500

When I file my taxes I need Form _________ and it must be to the IRS by April 15th. 

1040

500

The difference between a Bank and a Credit Union is that a Credit Union is owned by its ___________. Think Co-Op

Members