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Year 9 Money & Me Pre-Test Flashcards | StudBud
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Year 9 Money & Me Pre-Test
Year 9 Money & Me Pre-Test
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Flashcards
15 cards
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Questions
15
Answers
1
Which of the following is an example of '
want
'?
Car
Health Care
Shelter
Food
2
This symbol represents Fairtrade which means the product was ethically produced - made under fair working conditions.
True
False
3
What is one strategy for saving money?
Counting your money
Opening a savings account
Buying smaller products
Spending more money
4
An ethical consumer is someone who
does not
think about where the products they purchase are produced
False
True
5
What is a sweatshop?
A business that forces workers to stay late everyday.
An unsafe work environment
A factory that pays its workers very little to work in terrible conditions
A business that receives outsourced work from other countries
6
A phone costs
$100
to make. It is sold for
$250
. How much profit does the business make on the phone?
No profit
$50
$150
- $100
7
Machines and robots that can think and act like humans are called
Mechatronics
Intelligence quotient
robotics
Artificial Intelligence
8
A workers union is a group of workers (same industry) who join together to protect their rights and working conditions.
True
False
9
An example of a '
short-term
' savings goal for me would be saving for a car.
False
True
10
What is an entrepreneur?
A person who studies economics
A type of trades person
A person who designs kitchens
A person who takes risks with new ideas
11
Producers are people or businesses that create and sell goods or services to make a profit.
True
False
12
You need to choose between buying sunglasses or runners. You buy the sunglasses. What is the
opportunity cost
?
neither
jumper
sunglasses
runners
13
Which of the following is an example of a '
need
'?
Smartphone
Water
Chocolate
Diamond bracelet
14
Which of the following is a consumer's responsibility?
Making sure a product is delivered to them on time.
Improving a product if it doesn't work properly.
Reading specificationas carefully before purchasing a product.
Paying for repairs to a product that doesn't work when first purchased.
15
Which of the following is an example of a '
non-financial
' goal?
Selling more goods
Reducing debt
Improving customer satisfaction
Making more profit
