Principles Fall Concepts Review

Avery, Ethan, and Michael are assigned to work together on a group project with classmates from different backgrounds. They must collaborate to complete the project successfully. Which employability skill are they demonstrating by working with a diverse group of people to reach a common goal?

• leadership

• networking

• professionalism

• teamwork

Nora is starting a new business and wants to make sure her products reach the right customers. She is learning about the steps involved in getting her products from the idea stage to the hands of consumers. What is the definition of marketing in this context?

• selling intangible services

• a collection of goods and services

• something that is sold in the marketplace

• the process of developing, promoting and distributing products

Michael is studying the economic performance of his country for his school project. He wants to find out the total value of the goods and services produced by his nation over a specific period. What is this value called?

• GAP

• GDP

• GNP

• LAD

James is studying different types of economies in his class. He learns about a country where the government makes all the economic decisions and there is only one political party. What type of planned economy is James learning about?

• communism

• democratic socialism

• private enterprise

• socialism

Jackson is applying for a loan, and the bank tells him he needs an excellent credit score to qualify for the best rates. Which of the following is an example of an excellent credit score?

• 450-550

• 550-650

• 700-799

• 800-850

Tags

CCSS.HSN.CN.A.2

When developing new toys, Mattel Inc. creates a room for observing children playing with toy prototypes. Which form of marketing research is this?

• media research

• primary research

• secondary research

• qualitative research

Benjamin is considering starting his own bakery. What does a free enterprise system encourage individuals like Benjamin to do?

• rely on government aide

• limit their personal ownership

• own and operate their own businesses

• operate their businesses with many governmental restrictions

Tags

CCSS.RI.7.2

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.8.1

CCSS.RL.9-10.2

Charlotte is launching a new product that she believes everyone can use, like milk. What type of marketing is she using?

• focus marketing

• mass marketing

• profit marketing

• target marketing

Olivia and Elijah decide to start a bakery together, sharing the responsibilities and profits. What is a business owned by two or more people called?

• corporation

• franchise

• partnership

• sole proprietorship

Elijah owns a small business and notices that the country's gross national product has been declining for the past five months. Which term is used to describe this situation?

• an expansion

• a depression

• an inflation

• a recession