Intro to Business

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Can you name the Intro to Business ?

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 It can be withdrawn at 59 1/2 years and grows tax free.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

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