Miscellaneous / Intro to Business

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Can you name the Intro to Business ?

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

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