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WorksheetsJA BizTown Classroom Curriculum Pre-Program Survey
Total questions: 69
Worksheet time: 35mins
Which option lists financial institutions?
banks and credit unions
libraries and schools
clothing and food shops
credits and debits
Which services is a bank likely to offer?
balance and net deposit
savings and checking accounts
advertising and Web searches
time management
What is private property?
property that the government owns
property that is free
property that no one can see
property that you own
What is required on a bank application?
transaction list
full name
checkbook number
health ID number
Which bank service do you need for money to start a new store?
business loan
savings account
safe deposit box
electronic payment
Which type of institution is at the center of JA BizTown's economy?
educational
entrepreneurial
financial
social
Which action is required when depositing money into an account?
include your account number
list your income
swipe your credit card
sign your deposit ticket
What is the purpose of a paycheck?
to show proof of income
to be sure you have money
to keep track of your withdrawals
to give you money in exchange for work
Where do you endorse a paycheck?
on the back
in the memo section
in the money tracker
after 'Pay to the Order of'
What happens when you have insufficient funds in your bank account?
required withdrawal
record transaction
high fee
electronic payment
Which is a responsible action to make with your money?
spend it
track it
give it all away
barter it
Which right does the U.S. Constitution protect?
right to keep private property
right to be responsible
right to a bank account
right to endorse your paycheck
What does a savings account allow you to do?
use a money tracker
have money on hand for unexpected expenses or emergencies
get money out of the bank
have more spending money now
How does your money increase in a savings account?
The bank pays because it uses your money for other investments.
It grows by sitting in the bank account
Your money is multiplied by other people's money.
The longer you leave you money in savings account, the more it grows by a government-set rate
Why should you Pay Yourself First (PYF) when you receive money?
because it is easy
because it helps your savings grow
because it keeps track of your money
because it will help banks make more money
Making an electronic payment is one of several ways to do what?
use a savings account
check your bank balance
get money out of the bank
record a transaction in your money tracker
What would tell you how much money is in your bank account?
certificate of deposit
personal check
transaction
balance
Who protects the money in a bank's accounts?
your parents
the government
you
a private security company
You need to mail a payment to your credit card company because the online payment site is down. What is the best form of payment?
cash
check
debit card
credit card
Where does the money come from when you use a debit card to buy groceries?
your certificate of deposit
the credit company
your bank account
the government
What do you need to make an electronic payment?
account number and current date
account number and your name
debit card and your phone number
balance and credit
Which part of the money tracker do you write in to record the amount when adding money into your bank account?
withdrawal
deposit
balance
description
Which term describes why people cannot have everything they want because of limited resources?
endorsement
institutions
scarcity
economy
What does philanthropy mean?
the effort to increase the well-being of others through charitable giving
the effort to provide health care by the government
the ability to sell goods and services at a discount
the requirement to pay taxes as a citizen
What is a responsibility of U.S. citizens?
being an informed voter
giving money to charity
participating in group activities
sharing personal information
What is required of responsible citizens?
to volunteer at a community event
to donate to charity
to pay taxes
to sign a contract
Why are taxes required instead of voluntary?
Not everyone was willing to pay their part.
Tax money is spent on private goods.
Taxes can be automatically taken out of your paycheck.
Which of these is flowing through the circular flow of an economy diagram?
customers
entrepreneurs
regulations
money
Which part of the circular flow of an economy are you a part of when you buy fries at a food truck?
citizens providing resources
citizens paying businesses
businesses paying citizens
businesses producing products
Which of the given options fits with the "businesses produce products" part of the circular flow of an economy?
A restaurant gives out paychecks to employees.
Citizens buy vegetables at a store.
A factory delivers furniture to a store for sale.
Citizens work at a bank.
Natural resources are ones that (a) .
Renewable
Non-renewable
Sustainable
Exhaustible
Which specific act can a government do to directly make a change in the circular flow of the economy?
approve the previous meeting's plan
require businesses to pay for a license
encourage people to buy and sell products and provide services to move money in an economy
honor community leaders
What is a role of business in the economy?
approve a new government plan
buy products for personal use
produce goods and services
provide labor to build products
Free enterprise is different from a command economy because ________.
businesses are given the prices to set
businesses set the price based on consumers' decisions
businesses are free from any laws
it doesn't cost anything
What are the three basic economic questions?
when to produce, where to produce, who to produce for
what to produce, how to produce, who to produce for
how much to produce, how much to charge, how to make it
who will buy, how much to charge, what resources are needed
One option to solving the challenge of scarcity in a free market economy is ________.
have people make better choices
make the government provide for everyone's needs
decrease the amount of resources
encourage philanthropy among citizens
Why do people pay taxes?
to pay the government for private goods
to be gifted to business owners
to be deducted by banks
to pay for the things government provides to people
Select the true statement. a. Gross pay is how much money you have after taxes are taken out. b. Net pay is the amount of money you receive in your paycheck. c. Gross pay is divided by the tax percentage to equal net pay. d. Net pay is multiplied by gross pay to find your tax amount.
Gross pay is how much money you have after taxes are taken out.
Net pay is the amount of money you receive in your paycheck.
Gross pay is divided by the tax percentage to equal net pay.
Net pay is multiplied by gross pay to find your tax amount.
If your income for one week is $200
and your tax rate is 5 percent,
what is your net pay? 200 – (0.05 × 200) = _____
$205
$195
$190
$100
Which option is a private good or service?
fire station
school
government office
grocery store
One example of philanthropy is (a) .
Charity
Donations
Volunteering
Sponsorship
Which document would include your interests and skills?
job application
resume
essay
survey
What should this young man do if he wants to reach his goal?
make a financial plan
follow his counselor's advice
do what his parents want him to do
research what it takes to be a successful actor
Which phrase describes the data career type?
helping others
thinking about concepts
working with objects
analyzing information
Which option is a science career?
restaurant owner
tax attorney
biologist
art teacher
A written summary of a person's school and work experience is called a(n) (a) .
Resume
CV
Portfolio
Biography
A person who requests or seeks something, such as a job, is called a(n) (a) .
Applicant
Employer
Job Seeker
Recruiter
You should do this when you greet a new person at work.
Stare at them.
Shout "Hello."
Stay seated at your desk.
Introduce yourself.
Which behavior is appropriate during a job interview?
answer questions with details
show up within 15 minutes of interview time
share your Internet connection problems
check your text messages
Which behavior is important in all workplaces?
wearing uniforms
using coding skills
attending early morning meetings
demonstrating teamwork
A new policy in a community is proposed to start a curfew at 9:00 p.m. for all young people under 16 years old. Josie wants to get her friends together and tell the Town Council that they think the policy is a bad idea. What kind of meeting could Josie and her friends attend where the policy will be discussed?
private
school committee
utility
public hearing
For citizens to participate in an election, what is the first step they need to take?
register to vote
learn about the candidates
go to the polls
attend a debate
What do you need for a representative democracy?
appointments
arguments
elections
amendments
Which two forms of government do NOT usually allow their citizens to vote?
monarchy, anarchy
dictatorship, democracy
representative democracy, democracy
monarchy, dictatorship
It is important to be an informed voter because
voting is voluntary
you are choosing representatives to run the country
your teacher thinks it is important
not all countries allow their citizens to vote
To find the operating expenses of a business, what do you need to do?
add all operating expenses
subtract taxes owed
multiply salaries by 2
add sample costs
Why is a salary considered an operating cost?
because the business owner has to pay themselves first
because you can't run the business without paying employees
because it is required by the U.S. Constitution
because it is a fixed cost
Calculate the supply expense for the following:
10 pitchers at $4.00 each,
12 packs of lemonade powder at $.50 each.
(a)
Two characteristics of a quality business are good customer service and (a) .
Excellent Communication
Reliability
Responsiveness
Empathy
What is the best definition for revenue?
the amount of money earned from sales
the money a buyer pays for a product or service
the goods that a business has in stock to sell
the money left over after paying business costs
What is the best definition for inventory?
the amount of money earned from sales
the money a buyer pays for a product or service
the goods that a business has in stock to sell
the money left over after paying business costs
What is one of the factors that affect the selling price of a product?
the amount of inventory you have
the cost of operating your business
consumer demand
all of the above
What is one way to decide the selling price of a product?
multiply items in inventory by cost of production
decide how much you want to make
determine the average cost of the item and add a little
calculate the cost per item and increase the price if the item is in high demand
Which phrase correctly describes the relationship between revenue, costs, and profit?
as revenue increases, costs increase
as production costs increase, revenues increase
as production costs increase, profits decrease
None of these phrases correctly describes the relationship.
A business has too many fuzzy beanies in its inventory, and the weather is changing. What is the most direct way for the business to reduce its inventory and cover the cost of the beanies?
raise the price of other items
lower the cost of production
lower the price of the beanies
increase revenue
Advertising is a way of persuading people to want your ____________.
employees
workplace
goods and services
revenue
What is a characteristic of effective advertising?
grabs your attention
scares you into buying
overpromises on results
recommends alternate producers
Which soft skill is most important for productive work?
teamwork
punctuality
business dress
interviewing
If your income for one week is $200
and your tax rate is 5 percent,
what is your net pay? 200 – (0.05 × 200) = _____
$205
$195
$100.00
$190
