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Economics and Personal Finance Final

Total questions: 10

Worksheet time: 50mins

Name
Class
Date
1.

How do goods and services differ?

4 lines
2.

What is the purpose of a Financial Plan?

4 lines
3.

Explain why entrepreneurs are the driving force of the free enterprise system.

4 lines
4.

Why do business owners prefer "incorporating" over the other

two forms of business organizations?

4 lines
5.

What are the three most important and required documents when applying for a mortgage?

4 lines
6.

Explain to me what online banking is and what services are offered?

4 lines
7.

Tell me in your own words what Game Theory is or how "Prisoners Dilemma" explains the concepts behind it. This needs to be a minimum of 2 good full sentences.

4 lines
8.

There is 3 parts to this question:

Why was the Monopoly board game created?

What was Monopoly's original name?

Give me ONE legitimate economic term or concept that the Monopoly Board game teaches students.

4 lines
9.

What are the key differences in the two terms "Marketing" and "Advertising"?

4 lines
10.

When building an advertising campaigns marketing departments create storyboards and themes. Explain to me why marketing does this.

4 lines