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A #personalfinance #quiz for 3rd Grade.
Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
demand means......
to make someone give you something
the number of people who want your goods
the number of toys you have
the number of people who want a refund
2
Mary Kay Ash is a pioneer in cosmetics or make up because....
She is the first woman to own a makeup company.
She didn't like her boss.
She wanted to write a book.
She trained men in business.
3
There was 1 plumber in town; now, there are 2. The price of the 1st plumber goes down. Why?
The plumber has new tools.
The number of plumbers went up and there is competition.
The other plumber is not good.
The plumber wants to give his customers a discount.
4
When you have a list and you stick to it at the store is an example of....
unplanned spending
planned spending
planetary spending
unplannery spending
5
The Northside Pharmacy in Mckinney opened in...
1976
1907
1970
1901
6
scarcity means......
paying too much
having a lot
not paying enough
not having enough
7
Wallace Amos,the owner of a cookie company has a brand known as....
Famous Amos cookies
Famous Annie cookies
Famous Andy cookies
Famous Aunt Annie cookies
8
Which of the following is one way to earn money?
buying an item at the store
paying someone to fix your television
going to work at a job
depositing money in a bank account
9
Karen sold out of shirts. She went to order more, but the store was out of the kind she used.
scarcity
supply
economics
demand
10
A t-shirt store opens. Many people buy the t-shirts. The price of the t-shirts goes up. Why?
The more you have the more you want
Everyone wants the new thing.
When the demand is high the price is high.
When the demand is low the price is high.
11
He donated $5.00 to the Samaritan Inn after week 2, after week 7 how much will he have?
$20
$15
$10
$30
12
What is an example of scarcity?
There are more iPads than kids.
The store orders too many balloons.
There are no more iPads in the classroom.
There are the same number of kids as iPads
13
What is free enterprise?
A business can buy and sell what they like.
A small business can operate competitively for profit.
A business can set prices as high or low as they like.
A business is free to sell the same items as another biz.
14
Who bought the Northside Pharmacy in 1950?
George Faubion
Naomi Press
George Webb
Scott Johnson
15
In the business world, Milton Hershey, Sam Walton and Mary Kay Ash are known as...
famous people
superstars
entrepreneurs
go getters
16
Which of the following could happen if there is a great demand for more of Karen's shirts?
She could sell something else.
She could stop making them.
She could raise the price
She could lower the price
17
What would happen if Karen has to sell her shirts for less than it costs to make it?
She would make a larger profit.
She would have to sell something else.
She might have a smaller demand for the lemonade.
She would make no profit.
18
Having to fix the whole in the wall because you kicked the soccer ball at it is an example of..
planned spending
unplanery spending
planery spending
unplanned spending
19
supply means.......
the amount of money you have
the amount of money you pay
the amount of customers you have
the amount of resources you have
20
A new baseball glove costs $25.00. J. makes 5 dollars a week. How many weeks are needed?
6 weeks
5 weeks
4 weeks
7 weeks
