Intro to Business

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Can you name the Intro to Business ?

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

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