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Lesson 7 Financial Strategies

Lesson 7 Financial Strategies

Assessment

Presentation

Business

11th - 12th Grade

Easy

Created by

Carolyn Vanterpool

Used 2+ times

FREE Resource

12 Slides • 7 Questions

1

Lesson 7 Financial Strategies

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Objectives

  • Explain the importance of a personal budget

  • Describe how budgeting hellps businesses manage their finances*

  • Display understanding of how forecasting helps businesses manage their finances

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Open Ended

What is a budget?

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Open Ended

What is the purpose of a budget?

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Budgeting

A budget is a detailed plan of income and expenses over a period of time. Individuals and families as well as businesses use budgets to help them manage their finances.

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Budgeting

Think about each statement that you are about to read, then select whether you agree or disagree.

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Poll

Every business- no matter how big or small- must use budgets

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Poll

A budget is basically a plan for future business spending and revenue.

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Poll

A budget only keeps track of money going out.

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Poll

If you check your ATM balance regularly, you don't really need to balance your checkbook.

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Poll

Some of the work of developing an operating budget involves making guesses.

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This lesson will be about different types of financial strategies that businesses use to manage their finances.​

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Budgeting

Watch the video on the next slide as a short review of personal budgeting

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Reading: Budgeting Basics

Return to Teams to access todays reading activity/assignment.

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Lesson 7 Financial Strategies

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