Intro to Business

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Can you name the Intro to Business ?

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 It can be withdrawn at 59 1/2 years and grows tax free.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

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