Grade 11 - Need help with this business class work.

They’re in this Google docs and if you can’t open it from this link I just uploaded pics too this assignment is also similar to last one https://docs.google.com/file/d/1riHZ3nlKZny1R0oZOzY3dkJXl7bqb2E3/edit?usp=docslist_api&filetype=msword

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  • Svati 1 year

    For part 1:
    Bank Notes: The currency that is in circulation right now
    Budget: Family making monthly budgets or businesses making quarterly budgets
    Clearance Sales: Sales at stores near the end of a season to get rid of merchandise
    Conspicuous Consumption: Designer clothes and expensive jewellery or cars.
    Consumer Price Index: the exchange rate of different currencies
    Counterfeiting: fake handbags, accessories or perfumes. Mainly of expensive brands like Gucci or Adidas
    Fixed Expenses: rental lease or mortgage payments
    Gross Income: money you earn before tax
    Impulse Buying: buying chocolate or ice cream when you are sad and is followed by feelings of guilt
    Income: the money you make in a job after taxes and other amounts are taken away
    Legal Tender: same as banknotes and coins. can be used to purchase goods
    Operating budget: part of the budget that can be changed based on sales and manufacturing
    Promotional sales: social media contests to promote a new product
    Second-hand shopping: thrifting or yard sales
    Start-up budget: money needed to start a business. can include pre-launch and promotion budget
    Variable Expenses: money spent on eating out or going to the movies every month that changes.
    Warranty: when buying a new laptop you get a year warranty.

    Part 2:
    2. Money is important because it serves as a standard of value in which other values are measured.
    3. Legal tender is officially defined as the coins or banknotes that must be accepted if offered in payment of a debt. Ex: Coins and banknotes
    4. cheques and credit cards are not legal tender because a person can legally refuse to accept cheques and credit cards for settling transaction. It is not officially issued by the bank
    5. Bank of Canada
    6. Inflation, Real income, currency exchange, tax rates, and prices
    7. You can use the CPI formula in your textbook for this question. but the answer is CPI from the Bureau of Labour
    8. Same as the definition of income from above. People have jobs or other mean of earning income
    9. Taxable income, tax deductions, tax credits, and exemptions
    10. Money management refers to how you handle money and all aspects of your finances like loans and payments
    11. This should be in your textbook as it varies. And just give examples from the book
    12. Same definition as above. Helps you manage money wisely and achieve any short or long term money goals you might have
    13. Since budgets keep track of where money is coming from and where it is leaving, businesses and families use it to manage their finances
    14. If you have personal goals you want to achieve, writing that down in your budget and saving or spending money accordingly will help you achieve that goal. Common goals are to travel or buy new electronics.
    15. Four processes are: preparation, approval, execution, and evaluation

    Svati 1 year

    Hey where are your questions?

    Nomi 1 year

    They are in the pictures I uploaded (Just like last time) and I attached a google docs link with it too

    Svati 1 year

    There are no pictures or google docs links attached

    Nomi 1 year

    Ohh my gawd I’m sorry I don’t what happened I’ll upload again. (Btw for the first question Definition I’m already done just need examples)
    https://docs.google.com/file/d/1riHZ3nlKZny1R0oZOzY3dkJXl7bqb2E3/edit?usp=docslist_api&filetype=msword