Intro to Business

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Can you name the Intro to Business ?

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

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