BizTown Pre-Assessment

What are the first three letters of your last name? When were you born? (month and year only) Which description best describes the circular flow of an economy? The flow between businesses and resources A circular flow happens only in a resource market The exchange of money, goods, and services in an economy A circular flow happens only in a goods and services market Who pays for public goods and services? Philanthropists Taxpayers Only people who use them Government Taxes are: Required payments to the government Payments for private goods and services Payments for philanthropy Payments for business operations Which two of the following examples are finanical institutions? Savings Loan, City Hall Library, Credit Union Credit Union, Bank Museum, Bank The amount left over from your paycheck after taxes and deductions is called your: Balance Gross Balance Transation Net Pay Which of the following statements is TRUE? You can continue to write checks as long as you have checks in your checkbook. All bank transactions should be recorded in the bank register A direct deposit is when you take your paycheck directly to the bank after you receive it. Credit cards and debit cards are the same thing. Interests are things people: Do well Have a natural ability for Keep to themselves Like to do Which two skills are considered soft skills? Teamwork, Interests Punctuality, Teamwork Interests, Compassion Dressing Appropriately, Compassion Which of the following is a business expense? Personal Care Sales Revenue Advertising The revenue left over after paying business costs is: Profit Gross Balance Inventory Loss How Do you Feel or Think? For each statement listed, place the item in the table in the category you feel it best fits.- I use a personal budget to plan how I spend money- I save money for the future- I think about financial issues in my future Never Often Sometimes How Do You Feel or Think? (Part II) For each statement listed, place the item in the table in the category you feel it best fits.- I have set goals for my future- I feel in control over how my future will turn out- Doing well at school is important to me- I expect to graduate from high school- I plan to attend at least two years in college- I think I will probably graduate from college- I believe I can create my own future Disgree Slightly Disagree Slightly Agree Agree