Personal Finance SS8E3 and SS8E2

Front

The amount of money an entrepreneur or business earns after paying their expenses

Back

Profit

Front

Which of the following motivates entrepreneurs to accept the risk of failure? The ability to earn a profit, The ability to earn a degree, The ability to earn materials, The ability to express creativity

Back

The ability to earn a profit

Front

Which is NOT one of the factors for production? Labor, Natural Resources/Raw Materials, Capital, Factories/Equipment, Hiring Friends To Work With You

Back

Hiring Friends To Work With You

Front

Georgia creates some amazing entrepreneurs. Which person is NOT an actual Georgian entrepreneur? Alonzo Herndon, Ted Turner, Asa Candler, Steve Jobs

Back

Steve Jobs

Front

Which is the correct definition for entrepreneur?

Back

Someone who took a leap of faith into making their own job

Front

Georgia’s technology industry is growing and is currently one of the nation’s top 10 U.S. technology employment markets.

Back

True

Front

What is an expenditure?

Back

Money spent

Front

What is income?

Back

Money earned by a worker in a year

Front

My family uses a _____________

Back

budget

Front

I have been setting aside $100 a month for my children to have money to go to college. This idea is known as what?

Back

savings