What did Vin Staples learn from his time on the bus in Los Angeles?

Late Fees and Payment Schedules

Interactive Video
•
Business
•
9th - 10th Grade
•
Hard

Lucas Foster
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How to become a famous rapper
The importance of punctuality
Valuable life skills
How to manage his own schedule
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did people trade before the use of money?
By using credit cards
By writing checks
Through barter, exchanging goods like chickens for cows
Using digital currency
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What change did factories implement to save time during the Industrial Revolution?
Paying workers at the end of the week
Paying workers monthly
Paying workers daily
Paying workers bi-weekly
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why did companies start paying workers every two weeks after World War II?
To increase worker satisfaction
To provide more frequent pay
To reduce paperwork
To align with government regulations
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a consequence of bi-weekly pay schedules for workers?
Increased savings
Higher wages
Interest-free loans to employers
More financial control
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What percentage of Americans faced late fees due to misaligned pay schedules?
40%
30%
50%
20%
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How much have banks made annually from late fees in recent years?
$14 billion
$12 billion
$10 billion
$16 billion
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