Georgia Studies Checkpoint 2 Review

Based on the information in this list, what conclusion can be drawn about job creation in Atlanta?

• The service industry is the largest employer in the city of Atlanta.

• The agriculture industry is the largest employer in the city of Atlanta.

• The technology industry is the largest employer in the city of Atlanta.

• The entertainment industry is the largest employer in the city of Atlanta.

What is the importance of establishing a personal financial plan?

• It allows a person to determine the amount of money available for expenditures.

• It gives an opportunity to make additional money from financial investments.

• It motivates a person to purchase items to improve their quality of life.

• It helps a person determine whether selling property will be a profitable decision.

How will Harry's new job as a bank teller help him become financially independent?

• by providing him with a reliable source of income

• by providing him with substantial monthly loans

• by providing him with investment opportunities

• by providing him with access to credit services

Why should a household create and maintain a budget?

• to help the household eliminate unnecessary expenses

• to help the household lower the amount of taxes it owes

• to ensure that every household member has a job

• to encourage the household to be an active part of its local economy

Molly's car broke down, and the repair is costly. How could Molly have best prepared for this situation?

• She could have created a household budget that included savings for emergency expenditures.

• She could have purchased a more expensive vehicle to avoid the need for future expenditures.

• She could have taken a loan to cover the repair costs.

• She could have used public transportation instead of owning a car.

Ruth had to take out expensive loans for college and was heavily in debt by graduation. Why would Ruth MOST LIKELY make this decision?

• She believed that taking out the loans would get her approved for loans later in life.

• She believed a college degree would qualify her for a lower income tax rate later in life.

• She believed a college degree would help her get a job that pays well enough to allow her to pay off her loans.

• She believed that taking out the loans would enable her to pay less for college than if she used her own money.

What most likely motivated entrepreneur Ted Turner to develop new and innovative broadcast channels?

• the potential to earn profits by selling airtime to advertisers

• the need for jobs to help people recover from a recession

• the desire to demonstrate Atlanta's development as a major city

• the tax incentives Georgia gives to movie production companies

What event would be most damaging to Georgia's economy?

• a television writers' strike

• a pest infestation affecting crops

• a decline in international tourism

• an oil spill near the Atlantic coast

He plans to open a business in an unknown area. What is a potential risk he might face?

• He plans to enter a market that is already saturated.

• He could potentially lose all of his personal savings.

• He could have to work long hours at his new store.

• He could face competition from established businesses.

What conclusion can be drawn about the economic impact of the film and television production industry on Georgia?

• The film and television production industry is quickly becoming a primary source of revenue for the state and local governments of Georgia.

• Film and television production is an industry of growing economic importance to Georgia and helps support many other industries in the state.

• The film and television production industry has struggled to grow in Georgia due to a lack of interest among major production companies.

• Film and television production only benefits Georgia's largest cities and does little to support the economies of the state's more rural regions.