Vocabulary
What is a plan for managing a person's income and expenses?
What is a budget?
Who created Wal-Mart?
Who is Sam Walton?
If I have $100 as my income and I have to pay $40 for my phone bill, how much money will I have left?
What is $60?
My business made $10,000 this month. I have to pay my employees a total of $4,000 and it costs me another $2,000 to pay the bills. How much is my profit?
What is $4,000?
What is the money made after paying all expenses?
What is a profit?
Who discovered DC (direct current)?
Who is Nikola Tesla?
If I make $70 from babysitting and $35 from mowing the yard, what is my total income?
What is $105?
My business makes $7,000 a week. It costs $4,500 to pay my employees and $3,000 to pay the bills. Am I making a profit?
What is no?
What is a shortage as a resource?
What is scarcity?
Who invented the assembly line?
Who is Henry Ford?
If I have $200 and I want the new iPad that is $375, how much more income do I need to earn?
What is $175?
My business costs $4,000 to run a month. How much does my business have to make per month to get a profit of $6,000?
What is $10,000 a month?
What is an enterpreneuer?
What was the opposing source of energy from Nikola Tesla's direct current (DC)?
What is AC or alternating current?
If I make $1,000 a month, how much will I make in a year?
What is $12,000?
My business makes $100,000 per year. For the whole year, I must pay my employees a total of $60,000. It also costs $20,000 to keep my business running. How much profit do I make per year?
What is $20,000?
What is the money people get from working or selling a good or service?
What is income?
What type of vehicle did Henry Ford's assembly line build?
What is Ford vehicles?
Each month I make $1,000. My rent is $400, my bills are $250, and groceries cost $300. How much money will I have left each month?
What is $50?
What happens to my business if I don't make a profit?
What is the business goes bankrupt or fails?
Answers might vary.