Beginning of Business
A business where many people invest money into it.
What is a corporation?
Name one of the top three countries that Washington trades with.
What is Japan, Canada, or China?
The creator of Microsoft.
Who is Bill Gates?
One example of something used as currency before paper money.
What is beaver skins, spanish coins, or pinches of gold?
The United State's economic system.
What is capitalistic?
The two types of things that a business can sell.
What are goods and services?
Name two of Washington's top exports.
What are airplanes, corn, lumber, wheat, computer software, or spacecraft parts?
The Spokane artist who started a $90 million company by selling her designs.
Who is Debbie Mumm?
(will take just Debbie or just Mumm)
The definition of inflation.
What is the rate at which prices increase over time?
This three word phrase affects how much a good/service costs.
What is supply and demand?
The age where you must earn minimum wage for working.
What is 16+?
The amount of land in Washington used for agriculture.
What is 1/3?
What Eddie Bauer's stores sell.
What is sporting/fishing/hunting goods?
The reason why it's beneficial to pay more in down-payments.
What is saving money because there will be less interest?
This is something that most high-paying jobs require from applicants.
What is advanced education?
Explain the difference between a wage and a salary.
What is with a wage you are paid by the hour but with a salary you are paid the same amount monthly?
Name three main Washington industries.
What are agriculture, lumber, aquaculture, aircraft, computer software, or hydroelectric power?
One candy that Harry Brown and J.C. Haley sold.
What is mountain bars or almond roca?
How the bank and the person using the bank benefit from keeping money in the bank.
What is the bank can use the person's money to give loans and the person using the bank keeps their money secure and earns interest?
Explain what a surplus and a shortage is.
Surplus: What is when a good/service doesn't have much demand so there's extra product, and prices go down?
Shortage: What is when a good/service has a large demand so there's not enough product, and the prices rise?
Name three examples of a good and three examples of a service.
Goods: What is any three products (computers, fruit, clothes, hairbrush, etc.)?
Services: What is any three service jobs(dentist, lawyer, waiter, plumber, etc.)?
The percentage of electricity that the Hanford nuclear plant produces for Washington.
What is 7%?
The definition of an entrepreneur.
What is a person with a business idea who finds money to start it and keep it running, organizes it, hires employees, and enters the market?
(doesn't have to be quite this specific but should have most of these points)
The difference between credit and debit cards.
What is debit cards subtract money straight from your bank account while credit cards postpone paying, and you pay back monthly with interest?
Where Armen Tertsagian and Mark Balaban who sold dried apples, applets, and cotlets were from.
What is Armenia?