Intro to Business

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Can you name the Intro to Business ?

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 It can be withdrawn at 59 1/2 years and grows tax free.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

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