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Mr. Popper's Penguins
Activity 5: Assessment Activities
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Name__________________________
Read each situation and identify the benefit, opportunity cost, risks and responsibilities.
- Jamal wants to buy his mom an outfit for her birthday. The suit, shoes, purse, and jewelry will cost about $200. Jamal only has $100 saved, so he decides to buy the outfit on credit.
Benefit:
Opportunity cost:
Risks:
Responsibilities:
- Guadalupe needs a video camera for her new job. The one she wants costs $499, but she only has $200. She'll have to use credit.
Benefit:
Opportunity cost:
Risks:
Responsibilities:
- Seth is saving for a new CD player. He has $50, and the one he likes is on sale right now for $129. To get the sale price, he must buy it before Saturday. He decides to buy it on credit.
Benefit:
Opportunity cost:
Risks:
Responsibilities:
- Dr. Porada would like to buy a new X-ray machine for her clinic. It costs $5000, and the clinic has only $3000 in the budget at this time. A new machine will probably mean more business, so Dr. Porada thinks it would be a good idea to buy it as soon as possible, so she must use credit.
Benefit:
Opportunity cost:
Risks:
Responsibilities:
- The teachers at Amelia Earhart School want to buy some new video equipment to use at school performances. The cost, $2000, is more than the PTO can afford right now. The school board suggests that they use credit.
Benefit:
Opportunity cost:
Risks:
Responsibilities:
- The Nguyen family wants to take a vacation to California. Mr. Nguyen just got a new job and a big raise, but he does not have enough money saved to afford the trip. If they don't go now, it will be a whole year before he can use his vacation time again. So they decide to use credit to pay for the $4000 trip.
Benefit:
Opportunity cost:
Risks:
Responsibilities:
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Activities: |
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| Lesson Plan
| Activity 1
| Activity 2
| Activity 3
| Activity 4
| Visual 1
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