Miscellaneous Quiz / Intro to Business

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Can you name the Intro to Business ?

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

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