Can you name the Intro to Business ?

created by bob99
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ClueTerm
Requires prompt correction of credit mistakes
Written promise to repay based on excellent credit history
Allows consumers to know the infor credit bureaus give out
Represents debt for an orginization
Insurance for property damage resulting from theft, fire, natural disaster
The rivalry among businesses to sell goods and services
Orders a company to pay an amount to another company
Governments use of bonds through citizens to make money
Amount of money available to spend
Company recieves goods and pays later
This kind of endorsment requires only the endorsers signature
An account at a credit union is called
Company that gathers information on credit users
Allows you to meet your personal goals with a system of saving and wise spending
A person who uses resources in an entirely new way in order to create a business
Reports net wages and other income along with spending for a period of time
Amounts you owe others
Risk with a chance to gain or lose
The production output for a worker or business,
Protects creative work of author, composer, artist during life and fifty years after death
Record of completed transactions
Tax that comes out of the paycheck
Reduces payments to a more manageable level
Interest rate that financial institutions are charged
Rate for a 6 month time deposit at savings institutions
Represents ownership of a company
Refers to the illegal use of intellectual property like a patent or trademark
Person who purchases a good or service
Money earned after taxes
The means through which goods and services are produced
Lend money to consumers looking to buy a home
Business dealings in the same state
Period marked by prolonged unemployment . GDP falls rapidly
Set of rules guiding actions of employees or members or a company
Non profit bank for members only
Report that summarizes your current financial condition, acknowledges you financial needs, and sets a direction for your future.
Total dollar value of all the final goods and services produced in a country in one year.
Items you have of value
Money you get from working(salary)
Card needed for ATM transactions
Limits use of a chekc for given purpose
Interest rate for a long(20 year) period of time for U.S. governmet obligations
Insures your money if the bank goes out of business
Part of a debt is payed each mont
Type of economy where resources are owned and controlled by the government
Risk that can result in financial loss
This association regulates credit unions
Number that compares prices now to a earlier year
ClueTerm
The point where supply and demand are equal
Loans on tangible objects like jewelery or valuable items
Assets minus liabilities equals this
Policyholder's request for payment from a loss
Purely tangible property with no physical characteristics
Word, letter, or symbol associated with a company
Risk where costs can be predicted
Date at which the loan must be repaid
Privelage of using someone elses money for a period of time
Insurance for employees who cannot work
Movement of the economy from on condition to another and back up again
Money order where money goes to various orginizations
Person who takes on the risk of financial loss
First credit protection law
Person who buys insurance
The amount the government owes
Amount of loan
Series of regular payments made to a retired worker under an orginized plan
Legal process of reducing or eliminating amount owed
Check for a future date
Things that add comfort and pleasure to life. Examples include a big house or nice car.
Record of assets and liabilities at a certain point in time
An IRA for people who are self employed
Expense that changes monthly(heating bill)
Contract issued by seller requiring peridoic payments
Type of economy where goods and services are produced in a way that has already been done.
Suggests actions to reduce spending and credit difficulties.
Interest rate for short U.S. government obligations
Information on company issuing insurance.
Gengeral decrease in prices. Usually occurs during depression or recession
An orginization that supplies a service or product vital to all people
Uncommon risk where it is impossible to predict the amount of loss
Amount of money insurance company pays to a person who has previously deposited money with the company
Things that are required in order to live. Examples include food, water, shelter.
Risk in which you don't suffer financially
Businesses dealing with more than one state
Checks that may not have been payed yet
Full service bank
Government spending makes up ____% of all spending
Can be thought of as a possibility of a loss
Risk with no chance of gain
Total dollar cost of credit plus interest
Document shows how bank statement and checkbook register are brought together
The duty of a business to contribute to the well being of the community
Risk that relates to harm or injury to other people while on your property
Output per person is called
General increase in prices
Activities consumed when they are purchased. Like a hair cut.
ClueTerm
Form of income protection. Money goes to retired workers.
An IRA with no withdrawal tax that also grows tax free
Payment needed to keep insurance
An agreement to exchange goods or services for some kind of value
People who not working, but are looking for and willing to work
Amount you pay to borrow your home
Cost of borrowing for large U.S. corporation
Property used as security to recieve payment
Quantity of goods or services that consumers are willing to buy
Risk that can result in loss of property
Money order where money goes to specific business or person
Giving up one thing for something else
The sales of durable and non-durable goods bought by consumers
Life insurance of an employee
Not having enough to satisfy everyones needs.
Risk that can result in loss of health.
Exchanges uncertainty of a possible large financial loss for a certain smaller payment
Which country consumes and produces more goods than any other.
Smaller bank that specializes in saving and home mortgage savings or loans.
Bank has guaranteed payment for a check
Transfer check to someone else uses this type of endorsment
The interest rate available for the best customer
Retirement plan where employee and employers put in money. It can be withdrawn at 59 1/2 years and grows tax free.
Period where most people are working and GDP increases.
Agent who has access to many types of insurance
Insured person or company buying a policy
Person who makes a good or service
Refers to the day to day financial activites associated with usign limited income to satisfy unlimited needs and wants
Gives right to make sell and use a product for 17 years
Checks used if you don't have enough money
Period where demand decreases and unemployment rises. GDP decreases.
Phase when unemployment decreases and GDP begins to rise
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
Refers to the private ownership of resources by individuals rather than by the government. Businesses decide what to produce
Type of economy that combines elements or both command and market economies.
Refers to salaries and wages of a person
Bank that loans to people and offers savings accounts. People are part owners.
Rules about how businesses and their employees should behave
Type of economy where resources are owned and controlled by people
Principles of morality or rules of conduct
The money needed to produce a good or service.
Things that you can see and touch and buy.
Compares spending to budget
Value of the next best alternate that you did NOT choose.
The current chairman of the Federal Reserve System
Expense that occures regularly(car payment)
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Intro to Business Quiz

  1. by bob99

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