Introduction to Business—Fourth MP

Tom Benton
Davison High School
Davison, Michigan


#11 Understanding Credit

Your Name:


Know advantages and disadvantages of credit

Name the places where you can get credit

List 3 main types of charge accounts

Identify the different types of credit cards 

Possible points for this unit: 5 days = 110 points 

C Level:  no more than 80 points                                                                                       

  Bell Ringer promptly finished (1 pt each)                        M     T   W       T     F                                                                                                    
  Listen to lecture & take notes each day (5 pt each)           16     17     18    19   20  
  Complete “What is Credit,” page 183 & 184 in workbook (10 points)                                                                                                                         
  Develop a list of 10 advantages of credit, and another list of 10 disadvantages of credit (10 points)  
  Complete review questions 1-3, page 408 and 1-4 page 413.  Write in complete sentences, and be prepared to answer questions. (10 points)  
  Develop a PowerPoint poster targeted to teens about how to avoid going into debt and credit card abuse (10 points)  
  Interview your parents/guardians on the their opinions of teen credit card use, ask at least 5 question approved by Mr. Benton(10 points)  
  Professional Conduct:          -5                         -3                           -1 10

B Level: no more than 20 points

  Complete “Sources of Consumer Credit, page 185 from workbook (10 points)  
  Complete “Credit Card Ads,” page 186-187 from workbook (10 points)  
  Research and find the average debt that college graduates have after 4 years of college.  Type report and cite sources.  (10 points)  

A Level: no more than 10 points

  Go to, click on Young and IN DEBT; copy the article, highlight key points, and type a 1-page summary (10 points)  
  Develop a poster that highlights at least 6 ways to use credit wisely (10 points)  

This sheet must be complete by end of class on Friday, April 20th.

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