Source: What's Up in Finance?: "Rags to Riches"
National K -12 Subject:
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The goal of this game is to launch and run an online T-shirt business, with the help of a loan from a bank. The screens of the game simulate the passage of time in a 12-week business quarter, with each screen presenting a new business scenario or challenge involving issues that impact the company's revenue and expenses. The player can keep track of the company's success by tracking its profit, expenses, and loan standing. At the end of the game, a quarterly report is generated summarizing the business's performance.
1. How is managing the financial outlook of a business similar to an individual managing their personal budget?
2. Discuss how different types of expenses (investments) helped or hurt the business.
3. Discuss how hard it was to maintain sufficient income to repay the loan.
4. Explain why the loan repayment would be higher if the previous one was missed.
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