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AgBUS Study Guide

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Section 1.1
1. Define consumer
2. Define marketplace
3. Define retailers
4. Traits of an effective consumer
5. 3 roles of a citizen
6. 3 ways technology affects consumers
Section 1.2
7. What is the Equal Credit Opportunity Act?
8. Who is the Federal Trade Commission?
9. What is the right to safety?
10. What is the right to be informed?
11. What is the right to choose?
12. What is the right to be heard?
13. What is the right to redress?
14. What is the responsibility to use products safely?
15. What is the responsibility to seek redress?
16. What is the responsibility to learn?
Section 2.2
17. Define Conserve
18. Define Bartering
Section 3.1
19. Define Ethics
20. Examples of courteous consumer actions
21. Examples of unethical business practices
Section 5.1
22. Define mixed economy
23. Define command economy
24. Define traditional economy
Section 5.4
25. What is a majority of state and local money spent on?
26. Define FICA
27. What does the majority of federal revenue get spent on?
28. Define direct deposit
29. Define Net Pay
30. What is on a pay stub?
31. What do FICA contributions get paid toward?
Section 8.3
32. What is the purpose of a W-4 form?
33. aDefine Tax Planning-Why is it important?
Section 9.3
34. Define Budget
35. Things a budget can help you do
36. Define net income
37. Define fixed expense
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