Please answer the following questions based on your current understanding of the concepts that will be taught in this learning experience. The results of this survey are confidential and will only be used to compute knowledge gain scores for students participating in this learning experience.

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* 1. Please indicate the JA Area you are served by:

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* 2. What are the first three letters of your FIRST name?

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* 3. What are the first three letters of your LAST name?

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* 4. In what MONTH were you born?

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* 5. On what DAY of the month were you born?

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* 6. What is the name of your teacher, volunteer, or instructor?

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* 7. Please indicate your level of agreement with the following statements.

  Strongly disagree Mainly disagree Somewhat disagree Somewhat agree Mainly agree Strongly agree
I have more hope in my financial future.
I have more confidence that I can succeed in my future workplace.
I am more motivated to pursue my educational and/or career interests.
I can see more clearly how education will help me be successful in the future.
I know more about how to set personal financial goals for myself.
I know more about how to explore entrepreneurial possibilities.
I know more about how to explore potential careers.

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* 8. How do companies with limited resources make successful decisions?

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* 9. The term for the amount charged for a product or a service is ___.

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* 10. The cash your company has to spend on its major expenses, which are the costs the business pays to provide its product, is known as ____.

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* 11. What does CEO stand for?

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* 12. The costs that a business pays to provide its product make up its ____.

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* 13. What is the profit equation?

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* 14. Companies need resources for short-term quarterly costs and long-term investments. One way to make wise decisions about allocating money for expenses is to _____.

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* 15. After making decisions regarding expenses in each company department, the next step in the budgeting process is to ______.

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* 16. How can you identify which new smartphone features will most likely appeal to potential customers to increase profits?

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* 17. How can companies find out what features potential customers want in a product?

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* 18. How can companies use a budget?

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* 19. A product must cost _____ to produce than the price charged to customers.

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* 20. By subtracting its total costs from its total revenue, a company can determine its _____.

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* 21. What is the difference between cost and price?

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* 22. The process of changing resources into products that are then offered for sale to customers is called ______.

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* 23. What items should companies track in a budget?

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* 24. The best description of profit margin is ______.

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* 25. Why should a company calculate its total costs and total revenue?

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* 26. When making company decisions in the Production department, the CEO's ultimate goal should be _____.

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* 27. Which of the following statements about the Production department budget is true?

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* 28. Money spent now with the goal of an eventual return that is greater than the amount that was spent is ____.

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* 29. Why do companies invest in R&D and marketing?

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* 30. In a company budget, all expenses should be _____.

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* 31. When an economic shock occurs that affects a whole industry, a company must _____.

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* 32. The ________ is the combined system and flow of resources, production, consumption, and wealth that move in and out of households, businesses, and government.

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* 33. If an event in the economy affects your industry, the primary goal for the business should be___.

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* 34. When an economic event affects an entire industry, which of the following should a company consider when adjusting its business choices?

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* 35. How can a company identify customers and their preferred phone features in an effort to increase profitability?

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* 36. When you produce more phones than the market demands, you incur a cost because you now have _______.

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* 37. The company that _______ will have the highest profit.

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* 38. A company is constrained by limited resources____.

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* 39. What is a likely consequence of focusing all of a company's resources into one department?

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* 40. What is one reason companies invest in corporate social responsibility (CSR)?

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* 41. Why is profit important?

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* 42. Why would a company identify new phone features to develop?

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* 43. You have a limited R&D budget, so you don't want to spend money on new features unless your customers will want them. What do you do?

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* 44. Which factor should be considered following an event that affects an entire industry?

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* 45. When overseeing your company's budget, it is important to return to your overall budget after determining the spending for each department in order to _____.

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* 46. You have noticed that new companies are selling the same product as your company and they are taking your market share. What can you do to maintain your profitability?

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* 47. How can companies use R&D to increase profits?

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* 48. Which of the following is NOT part of the product design phase?

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* 49. The four Ps of marketing include ____.

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* 50. Which of the four Ps of marketing is missing from the following scenario? Ana has created vegan ice cream in a variety of flavors. This summer, she plans to sell scoops of ice cream in her front yard for 99 cents a cup.

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* 51. Because the goal of spending money on marketing now is to increase profits later, the money spent on marketing is a(n) _____.

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* 52. To properly apply the 4 Ps, a company must know the correct segment of consumers who share a defined buying pattern or preference. The term for a segment of consumers is ___.

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* 53. Who are the stakeholders in a company?

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* 54. How do some companies demonstrate corporate social responsibility?

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* 55. A company has responsibilities to _____.

Thank you for participating!

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