JA Biztown Concepts

Question 1

From where does the money get deducted when you make a purchase with a debit card?

Accepted Answer

Your Checking Account

Question 2

What is the word for the place where people live, work, trade, and share?

Accepted Answer

Community

Question 3

When a person starts a business in order to make a profit that's a good thing.

Accepted Answer

True

Question 4

Where do you record all of your deposits AND payments? (All Transactions)

Accepted Answer

Check Register

Question 5

What is the term for the amount an employee earns before taxes are deducted?

Accepted Answer

Gross Pay

Question 6

Which term is a synonym for the "Free Market System" we enjoy in the U.S. ?

Accepted Answer

Free Enterprise System

Question 7

What is another name for a model or sample of a product?

Accepted Answer

Prototype

Question 8

What do you call the money that's left over after a business pays its costs?

Accepted Answer

Profit

Question 9

Someone who innovates, recognizes opportunities, and starts a new business is called an?

Accepted Answer

Entrepreneur

Question 10

You want cash back. What must you do on your deposit ticket differently than no cash back?

Accepted Answer

Write your signature

Question 11

What's another word for a developed ability?

Accepted Answer

Skill

Question 12

What are the three resource types used to produce goods and services?

Accepted Answer

Human, Natural, Capital

Question 13

What responsibility comes with the right to use public goods and services?

Accepted Answer

Paying Taxes

Question 14

What do you call a member of a town, city, county, state, or country?

Accepted Answer

Citizen

Question 15

What's the term for things owned by all people for everyone's use: like a city park?

Accepted Answer

Public Goods and Services

Question 16

Important skills you develop which help you know how to act as an employee are called?

Accepted Answer

Soft Skills

Question 17

Which of the four career types is missing from this list: People, Things, Ideas.......?

Accepted Answer

Data

Question 18

Junior Achievement, which prepares young people to succeed, is what type of organization.

Accepted Answer

Nonprofit

Question 19

If you ran a lemonade stand would you be selling a "good" or a "service".

Accepted Answer

Good

Question 20

Which term best describes the concept that people can't have everything they want?

Accepted Answer

Scarcity

Question 21

If you mowed lawns would you be selling a "good" or a "service".

Accepted Answer

Service

Question 22

Before a citizen can vote they must do what? (Hint: if you do this you get a special card)

Accepted Answer

Register

Question 23

When a business takes out a loan at a bank and promises to repay the loan, what must it sign?

Accepted Answer

Promissory Note

Question 24

What is the best term for a business's expenses?

Accepted Answer

Operating Costs

Question 25

Where do people and businesses come together to buy and sell goods, services, and resources?

Accepted Answer

Markets

Question 26

When seeking a job, what should you write to spark an employer's interest to hire you?

Accepted Answer

Resume

Question 27

Before you deposit your paycheck at the bank, what must you do on the BACK of the check?

Accepted Answer

Endorse It (Sign It)

Question 28

What do you call a fee received for the use of money?

Accepted Answer

Interest

Question 29

Businesses need customers. What do they do to promote their products or services to customers?

Accepted Answer

Advertise

Question 30

What is the term for charitable giving to increase the well-being of a community?

Accepted Answer

Philanthropy

JA Biztown Concepts

Questions 30

JA Biztown Concepts

Questions 30