Tax and Insurance
What tax forms will your job ask you to fill out on your first day?
W-4
What is the difference between debit and credit?
When you use a debit card, the funds for the amount of your purchase are taken from your checking account in almost real time. When you use a credit card, the amount will be charged to your line of credit, meaning you will pay the bill at a later date, which also gives you more time to pay.
In order for students to qualify for financial aid, they must fill out __________
FAFSA
What is a stock?
the capital raised by a business or corporation through the issue and subscription of shares
What does SWOT stand for?
Strengths, weaknesses, opportunities and threats
What is the required charges of citizens by local, state and federal governments.
Taxes
What is the difference between interest rate and principal?
When creating a budget, should you use net pay or gross pay?
NET PAY
What is the highest-valued alternative that must be given up when a choice is made?
Opportunity Cost
What are the four types of corporate social responsibility?
Ethical, Environmental, Economic, Philanthropic
What tax form will you receive from a college about the cost of attendance?
1098-T
Why is it important to monitor your cards for fraud?
Victims of identity theft can spend countless days, months, or even years trying to correct their damaged credit history
How much of you budget should go towards savings?
20%
Bonds can sell at these 3 descriptions
par, discount, premium
**DAILY DOUBLE**
Stand up and do the berries and cream dance
If you cause a car accident, and the other car's passenger is injured, who's insurance pays for their medical costs?
Your insurance
What are three factors that could affect your credit score?
Payment history, amount of debt, age of credit card accounts, credit mix, new credit checks, your debt-to-credit ratio
When it comes to paying for college, your best option is
scholarships or grants, since you don't have to repay them
What is robo-advising?
It uses software to automatically adjust your asset allocation based on your preferences and data/algorithms
What is the difference between management, operational, and support processes?
Management: focused on planning and projecting for the business
Operational: necessary for day to day activities to function
Support: assist operational and management processes to be completed
What is risk pooling?
A “Risk pool” is a form of risk management that is mostly practiced by insurance companies, which come together to form a pool to provide protection to insurance companies against catastrophic risks.
What are 3 types of bank accounts?
When trying to decide which college has the lowest cost of attendance, which is the most important for students to consider?
NET PRICE
Using Target Date Funds can be beneficial for beginner investors, because...
It will automatically adjust your assets for you over time.
What are some ways that businesses measure productivity?