Intro to Business

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Number that compares prices now to a earlier year
A person who uses resources in an entirely new way in order to create a business
Period marked by prolonged unemployment . GDP falls rapidly
Money earned after taxes
Type of economy where resources are owned and controlled by people
Things that are required in order to live. Examples include food, water, shelter.
Life insurance of an employee
Money order where money goes to specific business or person
Rules about how businesses and their employees should behave
Bank has guaranteed payment for a check
This association regulates credit unions
Insurance for property damage resulting from theft, fire, natural disaster
Things that add comfort and pleasure to life. Examples include a big house or nice car.
Value of the next best alternate that you did NOT choose.
Interest rate for a long(20 year) period of time for U.S. governmet obligations
An IRA with no withdrawal tax that also grows tax free
Full service bank
The production output for a worker or business,
Checks used if you don't have enough money
Items you have of value
Quantity of goods or services that a business can provide
Refers to the illegal use of intellectual property like a patent or trademark
Risk where costs can be predicted
Form of income protection. Money goes to retired workers.
People who not working, but are looking for and willing to work
Giving up one thing for something else
Lend money to consumers looking to buy a home
Insurance for employees who cannot work
Refers to the private ownership of resources by individuals rather than by the government. Businesses decide what to produce
The rivalry among businesses to sell goods and services
Form that you need to fill out to prived information needed by a lender to make a decision on granting credit
The current chairman of the Federal Reserve System
Amount of money insurance company pays to a person who has previously deposited money with the company
Insures your money if the bank goes out of business
Policyholder's request for payment from a loss
Total dollar value of all the final goods and services produced in a country in one year.
This kind of endorsment requires only the endorsers signature
Part of a debt is payed each mont
Type of economy where resources are owned and controlled by the government
An orginization that supplies a service or product vital to all people
Tax that comes out of the paycheck
Government spending makes up ____% of all spending
Property used as security to recieve payment
Loans on tangible objects like jewelery or valuable items
Amounts you owe others
Expense that occures regularly(car payment)
Company recieves goods and pays later
The amount the government owes
Phase when unemployment decreases and GDP begins to rise
Represents debt for an orginization
Agent who has access to many types of insurance
Expense that changes monthly(heating bill)
Orders a company to pay an amount to another company
First credit protection law
Set of rules guiding actions of employees or members or a company
Document shows how bank statement and checkbook register are brought together
Principles of morality or rules of conduct
The means through which goods and services are produced
Money order where money goes to various orginizations
Output per person is called
Risk that can result in financial loss
Amount of money available to spend
Person who takes on the risk of financial loss
Movement of the economy from on condition to another and back up again
Person who purchases a good or service
Cost of borrowing for large U.S. corporation
Record of completed transactions
Word, letter, or symbol associated with a company
The sales of durable and non-durable goods bought by consumers
Businesses dealing with more than one state
Company that gathers information on credit users
Type of economy that combines elements or both command and market economies.
An agreement to exchange goods or services for some kind of value
Date at which the loan must be repaid
Business dealings in the same state
Suggests actions to reduce spending and credit difficulties.
General increase in prices
Risk with a chance to gain or lose
Refers to salaries and wages of a person
Period where demand decreases and unemployment rises. GDP decreases.
Risk that can result in loss of property
An IRA for people who are self employed
Period where most people are working and GDP increases.
Amount you pay to borrow your home
Not having enough to satisfy everyones needs.
Risk with no chance of gain
An account at a credit union is called
Interest rate that financial institutions are charged
Protects creative work of author, composer, artist during life and fifty years after death
Money you get from working(salary)
Card needed for ATM transactions
Requires prompt correction of credit mistakes
The interest rate available for the best customer
Risk in which you don't suffer financially
Type of economy where goods and services are produced in a way that has already been done.
Rate for a 6 month time deposit at savings institutions
The point where supply and demand are equal
Smaller bank that specializes in saving and home mortgage savings or loans.
Checks that may not have been payed yet
Contract issued by seller requiring peridoic payments
Retirement plan where employee and employers put in money. It can be withdrawn at 59 1/2 years and grows tax free.
Refers to the day to day financial activites associated with usign limited income to satisfy unlimited needs and wants
Purely tangible property with no physical characteristics
Reports net wages and other income along with spending for a period of time
Amount of loan
Record of assets and liabilities at a certain point in time
Gives right to make sell and use a product for 17 years
Which country consumes and produces more goods than any other.
The money needed to produce a good or service.
Insured person or company buying a policy
Total dollar cost of credit plus interest
Gengeral decrease in prices. Usually occurs during depression or recession
Can be thought of as a possibility of a loss
Risk that can result in loss of health.
Privelage of using someone elses money for a period of time
Payment needed to keep insurance
Quantity of goods or services that consumers are willing to buy
Legal process of reducing or eliminating amount owed
The duty of a business to contribute to the well being of the community
Uncommon risk where it is impossible to predict the amount of loss
Information on company issuing insurance.
Interest rate for short U.S. government obligations
Allows consumers to know the infor credit bureaus give out
Check for a future date
Governments use of bonds through citizens to make money
Exchanges uncertainty of a possible large financial loss for a certain smaller payment
Allows you to meet your personal goals with a system of saving and wise spending
Activities consumed when they are purchased. Like a hair cut.
Person who buys insurance
Limits use of a chekc for given purpose
Assets minus liabilities equals this
Reduces payments to a more manageable level
Written promise to repay based on excellent credit history
Compares spending to budget
Represents ownership of a company
Non profit bank for members only
Series of regular payments made to a retired worker under an orginized plan
Transfer check to someone else uses this type of endorsment
Things that you can see and touch and buy.
Bank that loans to people and offers savings accounts. People are part owners.
Person who makes a good or service
Risk that relates to harm or injury to other people while on your property
Report that summarizes your current financial condition, acknowledges you financial needs, and sets a direction for your future.

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Created Jan 13, 2011ReportNominate
Tags:Nintendo, business, intro, term