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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2. What are the first three letters of your FIRST name? (Required.)

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3. What are the first three letters of your LAST name? (Required.)

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6. What is the name of your teacher, volunteer, or instructor? (Required.)

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

Because of my participation in this learning experience …
(Required.)

  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. What is the profit equation? (Required.)

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9. Why is profit important? (Required.)

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10. What is the difference between cost and price? (Required.)

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11. How can companies use a budget? (Required.)

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12. 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 _____. (Required.)

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13. When you produce more phones than the market demands, you incur a cost because you now have _______. (Required.)

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14. What is a likely consequence of focusing all of a company's resources into one department? (Required.)

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15. 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? (Required.)

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16. 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? (Required.)

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17. Why do companies invest in R&D and marketing? (Required.)

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

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19. When an economic shock occurs that affects a whole industry, a company must _____. (Required.)

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20. What is one reason companies invest in corporate social responsibility (CSR)? (Required.)

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21. When making company decisions in the Production department, the CEO's ultimate goal should be _____. (Required.)

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22. Who are the stakeholders in a company? (Required.)

Thank you for participating!

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