Unit 1 Personal Finance and Vocabulary Test Review

Lines of latitude and longitude that divide the earth into halves. What are those halves called?

• nations

• hemispheres

• continents

• climates

What is a land mass inhabited by people who share a common territory and government?

• Continent

• Nation

• Climate

• Hemisphere

What is a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so?

• Doctor

• Entrepreneuer

• Astronaunt

• Weatherman

A person who uses or shows new and creative ideas is _______________.

• Innovative

• A Collector

• A Historian

• Emergent

The amount of money an entrepreneur or business earns after paying their expenses is known as ______________.

• Profit

• Debt

• Interest

• Budget

What is the long term weather patterns in a particular area considered?

• Weather

• Hurricanes

• Climate

• Hemispheres

What is the effect that an event, policy change, or market trend will have on economic factors?

• Economic Impact

• Climate

• Budget

• Revenue

A plan for spending your money is known as a ___________.

• Income

• Budget

• Debt

• Revenue

The amount of money a person earns during a year is called, _______________.

• Credit

• Interest

• Income

• Debt

Before you can begin making a financial plan you must have one important thing. What is it?

• Income

• Climate

• Nations

• Interest