1st year Business

You buy a pair of headphone and later find the left speaker doesn't work properly. You are:

• entitled to nothing

• entitled to only a replacement

• only entitled to the store sending it to be fixed

• entitled to a refund if you desire

Which is a need?

• Pop

• Coffee

• Water

• Gatorade

Economics is...

• studying goods, services, and how people can get them.
• studying trees, bushes, and other plants.
• studying animals and wildlife.
• studying food, and how food is made.

The people who buy goods and services are called...

• producers
• consumers
• banker
• traders

Tags

CCSS.RI.5.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

This professional analyzes statistics and uses them to calculate risks and premiums.

• Agent

• Actuary

• Claims Clerk

• Underwriter

Tags

CCSS.HSS.MD.B.6

CCSS.HSS.MD.B.7

A policy is a contract between the

• Policyholder and the injured person

• Driver and the government

• Consumer and the insurance company

• Consumer and the insurance agent

A salary is paid over a set period of time.

• True
• False

Paying with a ______ _____ takes cash of your checking account.

• Credit card
• Debit Card
• Gift Card

Tags

CCSS.RI.6.3

CCSS.RI.6.5

CCSS.RI.7.3

CCSS.RI.7.5

CCSS.RI.8.3

Food, heat, cable, internet, and dog food are examples of what?

• Household assets
• Household income
• Household expenses

Tags

CCSS.RI.6.7

CCSS.RI.7.7

CCSS.RI.8.7

CCSS.RL.6.7

CCSS.RL.7.7

The amount of money earned over a period of time.

• Income

• Fixed Expense

• Variable Expense

• Budget