Vocabulary 1
What is Money?
Anything accepted as payment
A company that makes or sell a product or service
What is a business
Who organization comes to teach business?
Junior Achievement
One thing to consider when starting a business
Expense, Who is your target customer, What your passion, What are the needs of the audience
3 character that presented on Junior Achievement worksheets
Ernie the Earner, Super Saver, Plan Man, Ida Idea, Sir spend-a-lot
What is withdrawl?
When pulling money out of a bank or a fund
Money spent for something
expense
What business does Mr Jeff have?
Commercial Real Estate
Where can you get money to start a business?
Bank, friends, families, investors
If you lend $10 to a friend with a 10% interest, how much should your friend pay you back in total
$11
What is deposit?
When adding money in a bank or a fund
Money earned after all expenses are paid
Profit
What business does Wilson want to have?
Selling snack and Candy
First Step in creating a business
Have a business plan
Show your comic book strip
......
What is Saving Account?
An account that is used to hold money when not needed
Money borrowed to start a business
business loans
What kind of business did Benjamin Created?
Video games testing
Give 3 example of an expense of a business
advertisement, employees, supplies, travel, electricity, garbage
3 ways to advertisement your business
Door 2 door, flyers, billboard, commercial, social media, friends and families
What is Interest?
Money paid for the used of someone's else money
Giving up something to gain something
Opportunity Cost
What business did Mr O suggested to Steven
Bubble Tea shop
What qualities would you look for when hiring an employee?
Skill, honest, trustworthy, believe in the product or services you are selling,
3 quality of a trustworthy borrower
somebody recommendation, past history of paid back on time, credit history, have reliable income, been at a job for a very long time