wonders unit 1 week 1 vocab

Front

What is the definition of 'risk'?

Back

A chance of loss or harm; something that is dangerous.

Front

What is the definition of 'profit'?

Back

The amount of money left after all the costs of running a business have been paid.

Front

What does 'scarce' mean?

Back

Difficult to get or find; in short supply.

Front

What does it mean to 'afford' something?

Back

To have enough money to pay for something.

Front

What is a 'loan'?

Back

Money that is borrowed and is expected to be paid back with interest.

Front

What grade are you in if you are in 5th grade?

Back

You are in the fifth level of elementary school.

Front

What month comes after November?

Back

December.

Front

What is the opposite of 'scarce'?

Back

Abundant; plentiful.

Front

What is an example of a risk in everyday life?

Back

Crossing the street without looking for cars.

Front

How can a business increase its profit?

Back

By reducing costs or increasing sales.