Financial Institutions
Which is a responsible action to make with your money?
a. spend it
b. track it
c. give it all away
d. barter it
What is Track it.
What does Philanthropy mean?
a. the effort to increase the well-being of others through charitable giving
b. the effort to provide health care by the government
c. the ability to sell goods and services at a discount
d. the requirement to pay taxes as a citizen
What is the effort to increase the well-being of others through charitable giving.
A person who request or seeks something such as a job, is called a(n)?
a. explorer
b. coordinator
c. interviewer
d. applicant
What is an applicant.
What do you need for a representative democracy?
a. appointments
b. arguments
c. elections
d. amendments
What is Elections
Calculate the supply expense for the following:
10 pitchers, $4.00 each
12 packs of lemonade powder, $0.50 each
a. $406.00
b. $140.00
c. $100.00
d. $46.00
What is $46.00
Making an electronic payment is one of several ways to do what?
a. use a savings account
b. check your bank balance
c. get money out of the bank
d. record a transaction in your money tracker
What is get money out of the bank.
Which term describes why people cannot have everything they want because of limited resources?
a. endorsement
b. institutions
c. economy
d. scarcity
Which phrase describes the data career type?
a. helping others
b. thinking about concepts
c. working with objects
d. analyzing information
What is analyzing information.
Read the scenario and then answer the question.
A new policy in a community is proposed to start a curfew at 9:00 p.m. for all young people under
16 years old. Josie wants to get her friends together and tell the Town Council that they think the
policy is a bad idea. What kind of meeting could Josie and her friends attend where the policy will
be discussed?
a. private
b. public hearing
c. school committee
d. utility
What is to a public hearing
Two characteristics of a quality business are good customer service and _____________.
a. letting problems go
b. staying the same
c. successful sales
d. independence
What is Successful Sales
Which option lists financial institutions?
a. banks and credit unions
b. libraries and schools
c. clothing and food shops
d. credits and debits
What is banks and credit unions.
what is required of a responsible citizen?
a. to volunteer at a community center
b. to donate to charity
c. to pay taxes
d. to sign a contract
What is to pay taxes
A young man wants to be a famous actor after he graduates high school. He tells his school counselor but it does not sign up for any drama classes or learn about what actors do on a daily basis. What should this young man do if he wants to be successful?
a. make a financial plan
b. follow his counselor's advice
c. do what his parents want him to do
d. research what it takes to be a successful actor
What is research what it takes to be a successful actor.
It is important to be an informed voter because ________.
a. you are choosing representatives to run the country
b. voting is voluntary
c. your teacher thinks it is important
d. not all countries allow their citizens to vote
What is you are choosing representatives to run the country.
Why is a salary considered an operating cost?
a. because the business owner has to pay themselves first
b. because you can't run the business without paying employees
c. because it is required by the U.S. Constitution
d. because it is a fixed cost
What is because you can't run the business without paying employees
What is private property?
a. property that the government owns
b. property that is free
c. property that no one can see
d. property that you own
What is a property that you own.
Why are taxes required instead of voluntary?
a. not everyone was willing to pay their part
b. tax money is spent on private goods
c. Taxes can be automatically taken out of you paycheck
d. it was found to be illegal to have voluntary payments.
If your income for one week is $200 and your tax rate is 5 percent, what is your net pay?
200 – (0.05 × 200) = _____
a. $205
b. $195
c. $190
d. $100
What is $190
For citizens to participate in an election, what is the first step they need to take?
a. register to vote
b. learn about the candidates
c. go to the polls
d. attend a debate
What is to Register to vote
What is one way to decide the selling price of a product?
a. multiply items in inventory by cost of production
b. decide how much you want to make
c. determine the average cost of the item and add a little
d. calculate the cost per item and increase the price if the item is in high demand
What is Calculate the cost per item and increase the price if the item is high in demand.
Which action is required when depositing money into an account?
a. include your account number
b. list your income
c. swipe your credit card
d. sign your deposit ticket
What is include your account number.
a. withdrawal
b. deposit
c. balance
d. description
What is deposit.
Which phrase describes the data career type?
a. helping others
b. thinking about concepts
c. working with objects
d. analyzing information
What is Analyzing information
Which two forms of government do NOT usually allow their citizens to vote?
a. monarchy, anarchy
b. dictatorship, democracy
c. representative democracy, democracy
d. monarchy, dictatorship
What is Monarchy and Dictatorship
Which phrase correctly describes the relationship between revenue, costs, and profit?
a. as revenue increases, costs increase
b. as production costs increase, revenues increase
c. as production costs increase, profits decrease
d. None of these phrases correctly describes the relationship.
What is, as production costs increase, profits decrease