Intro to Business

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

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Created Jan 13, 2011ReportNominate
Tags:Nintendo, business, intro, term