Section 1: Match the following term with its correct answer Financial literacy
Opportunity cost
Postsecondary school
I
Free
Application for Federal Student Aid (FAFSA)
Financial aid package
Compensation package
Take-home pay
FICA deductions
Budget
Credit union
A. All of the aid offered to you by a school
B. A nonprofit financial institution with specific membership requirements
C. Social Security and Medicare
D. Used to determine eligibility for grants and loans
E. Any formal education after high school
F. The knowledge to effectively manage your finances
G. Health insurance, life insurance, retirement contributions, vacations/paid time off
H. What is given up in order to make a particular choice
1 Gross income minus deductions
J. Planning how much of your monthly income will be spent on necessities

The maximum tax rate on estates and gifts

At a small store, a customer enters the front door on average every 8 minutes. a prior study indicated that the time between customers entering the front door during weekdays follows an exponential distribution. what is the probability that the time between customers entering the store on a weekday will be less than or equal to 7? select one: a. 62 b. 43 c. 1/8 d. 7/8 e. 58

1. list five staple convenience goods that you or your household buys on a regular basis. (you do not need to use complete sentences. 2.5 points) 2. list three impulse convenience goods that you or someone you know has purchased. (you do not need to use complete sentences. 2.5 points) 3. describe a shopping good that you or someone you know purchased. what kind of research did you or that person do before buying the product? (1-5 sentences. 3.0 points) 4. choose an example of a company you could start, and decide which business structure would make the most sense for that type of company (sole proprietorship, partnership, llc, c corporation, s corporation, or nonprofit corporation). explain why this structure would be good for this type of company. give at least 3 reasons. (3-6 sentences. 6.0 points) 5. if you were starting a new business, describe at least three departments to the company that you would need right away. why are these departments so important? (1-5 sentences. 3.0 points) 6. describe a product that you think has saturated its market. what makes you think it has saturated its market? (1-5 sentences. 3.0 points)