Intro to Business

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Can you name the Intro to Business ?

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 It can be withdrawn at 59 1/2 years and grows tax free.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

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