Economics

A company makes a profit when:

• It sells all of its products.

• It earns more revenue than other companies.

• It earns more money in revenue than it spent on expenses.

• It doesn't sell too much of its stock.

Money a business makes is known as:

• revenue

• profit

• debt

• expenses

A Venture Capitalist:

• loans businesses money

• invests money in stocks

• comes up with ideas for new businesses

• creates slogans and logos for companies

Imagine your company has spent $70 in expenses. If you make 10 bracelets, how much do you need to sell them for in order to make a profit?

• $6

• $7

• $8

• $5

If you own a share of stock, you own part of...

• a venture capitalist

• a company

• a logo

• the stock market

What does a venture capitalist get in exchange for investing their money in a company?

• a promise to repay the loan, plus interest

• shares of stock and a vote in decision-making

• the ability to choose the design of the product

• products & services from the company

Why do businesses have to keep records of their finances?

• to know how much they've spent on expenses

• to calculate profits

• to avoid losing money

• to make knowledgeable financial decisions

• all answers

Making posters and commercials are examples of:

• finances

• manufacturing

• design

• marketing

When you design, you...

• make something useful

• draw what you imagine

• take inspiration from nature

• create a plan

• all answers

Rent and salaries are examples of:

• finances

• slogans

• expenses

• profits