Economics and Personal Finance Module Four Lesson Three Activity For each scenario below, identify what bank service would best be used and explain your reasoning. Include one positive and one negative about using that particular tool.

Scenario 1: Joey is a 15 year old who is ready to work, but his parents want him to have more responsibility with money first. His parents have already set up checking and savings accounts for him at their bank. They want him to begin to learn the responsibilities of paying part of his cell phone bill and see what it is like to stick to spending limits.

Bank Service
Why?
Positive
Negative

Each month, business today publishes a news piece about an innovative product, service, or business. such soft news is generally written by a freelance business writer and is known as a

You have recently been made a department head of the new regional office. in getting to know your departmental staff, you have noticed that one of your inexperienced employees is not following through on assigned tasks. she is enthused about her new job and wants to get ahead in the organization. which alternative represents the most effective leadership style: a. discuss the lack of follow-through with her and explore thealternative ways this problem can be solved. b. specify what she must do to complete the tasks but incorporate any suggestions she may have. c. define the steps necessary for her to complete the assigned tasks and monitor her performance frequently. d. let her know about the lack of follow-through and give hermore time to improve her performance.

Which of the following would not generally be a motive for a firm to hold inventories? a. to decouple or separate parts of the production process b. to provide a stock of goods that will provide a selection for customers c. to take advantage of quantity discounts d. to minimize holding costs e. all of the above are functions of inventory.