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Primavera Economics Unit 1 Workbooks and Checkpoints 2024 Questions and Answers Fully Solved
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Primavera Economics Unit 1 Workbooks and Checkpoints 2024
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Primavera Economics Unit 1 Workbooksand Checkpoints 2024
How do you benefit from understanding personal finance? (Select all that apply.) -
answer Making quality choices about money by creating and managing a budget,
Comprehending the difference between debit and credit cards.
What is the meaning of the word 'economics'? - answer Laws for the home
Read the scenario. George is 22 years old, single, and has just started his first job. He
saves 5 percent of his monthly income for retirement. Kirsten is 30 years old and
married with two children. She will start saving 6 percent of her income for retirement
when she turns 35. Which person will have more money at age 65 if all other factors are
the same? - answer George will because he is younger and saving for a longer period.
Which are offered by joining the military after high school? (Select all that apply.) -
answer Receive tuition assistance after serving a certain number of years, Receive
training while earning a salary.
Which accurately describes a push marketing tactic to help manufacturers sell more
products? - answerA manufacturer offers department stores incentives for selling its
product.
What are the four Ps of marketing (also known as the marketing mix)? - answerProduct,
price, promotion, and place
Comparative advertising includes which of the following criteria? (Select all that apply.) -
answerAdditional features, Better price, Increased quantity.
Which best explains product advertising features? - answerAdvertising that focuses
exclusively on the benefits of the product
Which is the best example of direct vendor advertising? - answerA commercial during
the Super Bowl for Starbucks coffee.
Why is cooperative advertising the most common form of advertising used by
wholesalers and manufacturers who jointly advertise a product? (Select all that apply.) -
answerLarge quantities can be held in stock, It allows for sales at a discounted price.
On average, who earns the highest salaries? - answerPeople with a professional
degree.
, When should you start planning for retirement? - answerYou should start planning as
soon as you decide on a career path.
Why is it important to use multiple methods of both broadcast and online media
advertising? - answerUsing multiple methods allows for wider exposure to advertise the
product or service.
Which are part of the marketing mix? (Select all that apply.) - answerKnow what people
will pay, Have multiple locations, Have the proper packaging.
Read the scenario. Alfonso is 19 years old and has a high school diploma. Recently, he
was promoted to assistant manager at the fast-food restaurant where he has worked
since the age of sixteen. His dream is to become the restaurant's manager. What is his
best option for achieving his dream? - answerHe should attend classes at the local
college to receive training in management.
Which items make up the marketing mix? - answerPlace, price, promotion, product.
Where would you find the most useful information about post-secondary education and
training? (Select all that apply.) - answerMilitary and school websites, Department of
Education.
Which is the best reason for why companies use product advertising features? -
answerTo focus on a specific benefit.
Read the sentence. When setting financial goals, it is important to set SMART goals.
What does the acronym SMART stand for? - answerSpecific, Measurable, Attainable,
Relevant, Timely.
Which is an example of a SMART financial goal? - answerI want to save $25 per week
by packing my own lunch in order to pay off $100 in credit card debt in the next 30 days.
How do individuals benefit from creating a budget? (Select all that apply.) - answerIt
helps them devise a plan to save money, It helps them identify their expenses, It helps
them identify their income.
Read the scenario. Sally needs to pay her bills this month. Her bills include rent, utilities,
groceries, concert tickets, airfare, care insurance, a car rental, and a trip to an urgent
care facility. What are Sally's fixed expenses? - answerRent and car insurance.
Which best defines "disposable income"? - answerIncome available after taxes and
other mandatory expenses.
What is a budget? - answerA plan for spending your money to meet your wants and
needs.
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