Understanding Bankruptcy and Fresh Starts

Understanding Bankruptcy and Fresh Starts

Assessment

Interactive Video

Business, Life Skills, Fun

7th - 10th Grade

Hard

Created by

Lucas Foster

FREE Resource

The video discusses the concept of bankruptcy as a solution to financial problems, using humor and references to Monopoly. Creed Bratton's unique approach to debt is highlighted, and bankruptcy is likened to a fresh start, similar to the witness protection program. The idea of starting anew without debts is explored, with a humorous take on creating a new identity.

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6 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What solution is suggested for financial troubles?

Investing in stocks

Declaring bankruptcy

Starting a new business

Taking a loan

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does Creed Bratton handle his debt?

He pays it off gradually

He transfers it to another identity

He ignores it

He negotiates with creditors

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In Monopoly, what happens when you go bankrupt?

You win the game

You lose the game

You get a second chance

You receive a bonus

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is bankruptcy compared to in the discussion?

A financial burden

A new job

A fresh start

A vacation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the speaker fantasize about in the witness protection program?

Owning a large corporation

Traveling the world

Living a life free of debts

Becoming a famous actor

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What new identity does the speaker imagine?

A professional athlete

A shipping merchant with fancy dogs

A famous chef

A tech entrepreneur