Goals
Describe the elements of a SMART goal
Specific, Measureable, Attainable, Realistic, Timely
The United States has a centralized banking system called ________
The Federal Reserve
The Main Bank of the US
The Central Bank of D.C.
The Federal Reserve
An hourly worker, gross pay is found by multiplying the number of hours worked by the hourly rate of pay.
True or False
TRUE
As the number of competitors increases _______
Supply Increases, Prices Increase
Supply Increases, Prices Decrease
Supply Increases; Prices decreases
The form used to report taxable income a worker received during the calendar year is called ______
W-2
W-4
10-40
10-99
W-2
Short term goals may involve:
Planning a Vacation
Saving for College
Retirement
All
This can be used in place of money _________
Fiat Money
National Currency
Federal Reserve Notes
Trading or Bartering
Trading or Bartering
_____ pay is the pay you take home after taxes and other deductions have been subtracted?
Gross
Net
Adjusted
Back
Net
The tradeoff of not being able to spend the money.
Fixed Cost
Variable Cost
Opportunity Cost
Transaction Cost
Opportunity cost
A plan to regularly put aside money for a specific purpose.
Expense
Human Capital
Savings plan
Supply
Savings Plan
List 2 things to do before an interview.
Practice Interview Questions
Research the Company
Avoid smiling too much so that the interviewer knows you are serious about the job
Practice Interview questions AND research the company
Practice Interview questions AND research the company
The US has a ________ economy, which is based on the laws of supply and demand.
Mixed
Command
Market
Traditional
Mixed
Interest that is earned on only the principle investment is called
Compound Interest
Fixed Interest
Simple Interest
Cumulative Interest
Simple Interest
The willingness and ability of consumers to buy goods and services ______
Supply
Demand
Equilibrium
Competition
Demand
Which statements about money is TRUE?
Money Can be used to settle debt.
Money must be divisible or able to be divided
Must be durable and recognized as present value
ALL
ALL
When discussing SMART goals which of these goals are specific?
Lori will solve ten two-digit multiplication problems each day.
Activities performed by people of business that satisfy other people's needs/wants are
Needs
goods
services
wants
Services
All of the following are examples of unearned income expect:
Interest
Dividends
Government transfer payments
Tips
Tips
When people slow their buying and are unable to pay high prices, the economy slips into an economic decline called ________
Recovery
Recession
Coma
Business Cycle
Recession
What is money if it is available but only in a limited supply?
Portable
Divisible
Durable
Scarce
Scarce
The application of moral principles standards or behavior, or set of values regarding proper conduct in the workplace as individuals and as a group setting.
Bride
Accountability
Ethics
Gossip
Ethics
Goods or services that a person may desire, but that are not essential for life, such as a video game or candy is ___
Opportunity Cost
Wants
Scarcity
Needs
Wants
Which is the most liquid asset?
Savings account
furniture
IRA account
Stocks
Savings account
The rise in the general level of prices _______
Inflation
Deflation
Recession
Depression
Inflation
Easily transferred from 1 person to another, to make the exchange of money easier for products:
Durability
Divisibility
Portability
Scarcity
Portability