Fall TEKS Review

list the five elements of a SMART goal

• Specific, Measurable, Attainable, Realistic, Time Bound

• Short, Measurable, Action, Realistic, Time Boun

• Specific, Monetary, Attainable, Realistic, Time Bound

• Specific, Monetary, Attainable, Reachable, Time Bound

Before an interview, you should practice answering open-ended questions

• True

• False

The willingness and ability of consumers to buy goods and services is called..

• Supply

• Demand

• competition

• equilibrium

__________pay is the amount you take home after taxes and other deductions have been subtracted.

• Gross

• Back

• Net

• adjusted

Which tax form is an employee required to complete when they begin a new job?

• W-4

• W-2

• 1040

• 1099

Inflation is defined as

• When the dollar increases in value and prices fall

• The steady rise in the general level of prices is called

• When prices decrease and the dollar is worth more

• when interest rates increase and slows down the economy

If you are paid by the hour, how is your gross pay calculated?

• Pay check is the same amount regardless of how many hours worked.

• Number of hours worked multiplied by the hourly rate

The Federal Reserve Bank is

• a credit union

• the central bank of the United States

• a bank that only existed during the revolutionary war

Which is the best example of a liquid asset?

• Home

• Stocks and bonds

• Retirement Account

• Savings account

When your investment earns compound interest, compound interest is defined as

• earning interest on the principal amount only

• earning interest on interest