What is a business? Define goods and services and needs vs wants. What is profit and its equation? Profit vs not-for-profit business. Three types of businesses. What are shareholde... What is a business? Define goods and services and needs vs wants. What is profit and its equation? Profit vs not-for-profit business. Three types of businesses. What are shareholders? What is a stock exchange? Main sectors of industries. What is free trade? What is a crown corporation? What is the sequence of steps when solving a problem? What is AI? What is identity theft and why is it a problem? What is an invention vs an innovation? What is a patent? Who would seek a patent? What is copyright vs trademark? What is business ethics? What ethical issues arise in a business context? What are characteristics of ethical business leaders? What is an entrepreneur? Identify and briefly describe 5 types of entrepreneurs. Identify and explain 5 characteristics of a successful entrepreneur. What is a mission statement? What’s included in a business plan? What are the 3 types of businesses discussed? What is a value proposition? What is a revenue model? What is capital? What is entrepreneurship? What is labour? What is job production? What is mass production? What are the 4 stages in the production process? What is quality control and why is it important? What is human resources? What is recruitment? What is the difference between external and internal recruitment? List and briefly discuss some responsibilities of an employee. List and discuss some responsibilities of an employer. What is a commission fee? What is a bonus? What are key responsibilities a manager has to support her team? You make $980.00 per week before taxes. What is your annual income (before deductions)? You work in an office supplies store making $16 per hour and 6% commission. This week you’ve worked 32 hours and sold $1300 in supplies. How much did you earn this week? Jack worked as a tree planter for 2 months (50 working days). He was paid $0.16 per tree and planted about 3500 trees each day. Camp costs were $22/day. How much did Jack make that summer before taxes? Emily is an executive who was offered stock options when she started her job three years ago. She was given 1000 shares in the company, worth $5.00/share. They are now worth $8.00 per share. What gain was made over the three years? You make $16.45 per hour and have worked 35 hours this week. Assume 13% is deducted for taxes. How much do you make after taxes? What ethical considerations must a manager of employees consider for employees who are overworked and where minor workplace accidents are being reported? What are the key responsibilities of a manager in the same situation as the last question? How can a manager ensure compliance with workplace health and safety laws and regulations? What is leadership? List and briefly describe the different types of leaders. What is motivating? What are SMART goals? What are the basic principles of team building? What are indicators of accountability? What are some accountability principles? What is marketing? What is competition? Identify 2 competitors. What are the 2 C's of marketing? What is a target market? What is direct vs indirect competition? Identify and explain the 4 P's of marketing. What are different types of advertisement? What is a brand? What are 2 types of business logos? What is market research? Identify the 4 types. What is primary vs secondary research? What is accounting? What is the CRA? What is fiscal year end? What is the accounting equation? What is a professional accountant? What is a balance sheet? What are assets? What are liabilities? What is owner’s equity? How is it calculated? What is an income statement? What are the 3 sections involved? What is cost of goods sold and what is an inventory cost? What is gross income, operating income, and net income? What is a cash flow statement and how can it be used? What is disposable vs discretionary income? What is net present value (NPV)? What is the 50:20:30 budget rule? What is price inflation? What is GST vs HST? What is an impulse purchase? What is a personal budget? What is the Bank of Canada? What is a credit union? Who are the 5 major Canadian banks? What is a bank rate? What are different types of investments? Briefly explain them. What products does a bank offer? Briefly explain them. What is the Canada Pension Plan (CPP)? What is insider trading? What is the rule of 72? What is a capital gain? What are different investment strategies? Explain the difference between debit and credit. Identify a credit product and briefly describe it. What is interest? What is simple interest and how is it calculated? What is compound interest and how is it calculated? What is prime rate? What is a credit score? What is a good credit score? How do you find your credit score? Nick invested $2200 in a savings account that pays 2.5%/a, simple interest. a) Interest earned in 6 years: b) New balance after 6 years: Emily initially deposited $800 into an account for 15 years earning interest at a rate of 4.5%/a, compounded quarterly. To find the amount in the account, we’ll use the compound interest formula. Read more