Understanding the Swap and Trade Experience

Understanding the Swap and Trade Experience

Assessment

Interactive Video

Business, Life Skills

9th - 12th Grade

Hard

Created by

Olivia Brooks

FREE Resource

The transcript discusses a swap between a bulldozer and an Apache panel truck, highlighting the emotional and business aspects of such trades. The speaker reflects on personal attachment to items, the importance of remaining unemotional in business, and the perceived value of the Apache. Anecdotes about buying and selling a bread truck illustrate the balance between personal desires and business opportunities.

Read more

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the narrator's initial reaction to the Apache panel truck?

Indifference

Excitement

Confusion

Disappointment

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What rule did the narrator break before going to see the Apache?

Not negotiating the price

Not researching the market value

Deciding to buy it beforehand

Ignoring the seller's conditions

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why does the narrator mention a 57 Chevy?

To show a similar trade experience

To illustrate a past regret

To compare its value to the Apache

To highlight a successful sale

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What lesson does the narrator emphasize about business?

Stay emotionally detached

Always follow your emotions

Trade frequently

Invest in rare items

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the narrator's strategy with the bread truck?

To trade it for another vehicle

To convert it into a food truck

To use it for personal transport

To make money from its multiple uses

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did Bruce perceive the bread truck?

As a quick flip opportunity

As a valuable asset

As a long-term investment

As a humorous purchase

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the outcome of selling the bread truck?

A loss of $500

Breaking even

A profit of $1,000

A profit of $500

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?