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SS8 E1-E3 Economics & Personal Money Management

Quiz by Katie Cott

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15 questions
Show answers
  • Q1
    Which of the following is responsible for transporting 100 million people each year and is Georgia's largest employer?
    Deepwater Ports
    Railroads
    Hartsfield-Jackson International Airport
    30s
  • Q2
    A person who organizes and operates a business taking greater than normal financial risks to do so is called a(n)
    executive
    entrepreneur
    officer
    manager
    30s
  • Q3
    The amount of money a business earns after paying their expenses is
    debt
    expense
    profit
    30s
  • Q4
    What motivates people to become entrepreneurs?
    they want to work fewer hours and take fewer risks
    they are guaranteed to make more money than working a regular job
    very few businesses fail, so they know that they will succeed as long as they work hard
    they want to work for themselves and receive most of the profit the business earns
    30s
  • Q5
    Which of the following has decreased in it's economic impact as companies and jobs move overseas?
    Technology
    Film/TV production
    Service Industry
    Manufacturing
    30s
  • Q6
    Which of the following is increasing in economic impact and is one of the nation's top 10 employers in the market?
    manufacturing
    agriculture
    music industry
    technology
    30s
  • Q7
    A plan for spending and saving money is a(n)
    credit
    budget
    expense
    debt
    30s
  • Q8
    Money you earn from work or investment is
    debt
    expense
    income
    saving
    30s
  • Q9
    Cost for maintaining a household is a(n)
    income
    saving
    expense
    debt
    30s
  • Q10
    Spending more than you earn leads to
    debt
    retirement
    increased income
    savings
    30s
  • Q11
    Which is considered a good reason to borrow money?
    to make an large purchase such as a house
    to spend more than you earn
    to go on a vacation
    30s
  • Q12
    Which of the following is NOT true about debt
    Too much debt can lead to stress
    If you do not repay the debt, you will have a lower credit score
    You must pay back more than you borrow because you must pay interest and fees in addition to the original amount
    You can skip a payment on your loan if you are in the hospital and unable to work
    30s
  • Q13
    What does a budget help you do?
    increase the amount of income you have
    make better financial decisions and save for the future
    increase the amount of debt you have
    30s
  • Q14
    Retirement, vacations, and emergency expenses should be paid for with
    savings
    debt
    credit
    expenses
    30s
  • Q15
    What is the starting point of your budget?
    savings
    expenses
    debt
    income
    30s

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