Intro to Business

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Can you name the Intro to Business ?

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 It can be withdrawn at 59 1/2 years and grows tax free.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

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