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ARE YOU FINANCIALLY LITERATE? CHAPTERS 1-5
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1. What subjects are you learning about in this course? _ ____________________________________________________________________ _ ____________________________________________________________________ 2. Compare commerce vs. business . _ ____________________________________________________________________ _ ____________________________________________________________________ _ ____________________________________________________________________ _ ____________________________________________________________________ _ ____________________________________________________________________ _ ____________________________________________________________________ 3. Commerce is: a. Local b. Domestic (interstate/intrastate) c. Global d. All of the above 4. Compare a small business and a microbusiness . _ ____________________________________________________________________ _ ____________________________________________________________________ _ ____________________________________________________________________ Global/international commerce , innovation , some business and economics. Global commerce is the worldwide system of businesses, government agencies, and organizations which interact to enable businesses to operate , goods, money and services to flow between countries; a business is a firm or enterprise that engages in the activity of making, buying, or selling goods or providing services in exchange for money. A small business has fewer than 500 employees. A microbusiness is a very small local business with just a few employees, often family members. PRODUCT PREVIEW
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5. Which is not the stated mission of the U.S. Department of Commerce? a. promote job creation and improved living standards for all Americans. b. controlling the U.S. money supply c. create infrastructure that promotes economic growth. d. promote technological competitiveness and sustainable development.
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Assessment
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