Miscellaneous Quiz / Intro to Business

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Can you name the Intro to Business ?

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 It can be withdrawn at 59 1/2 years and grows tax free.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

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