Miscellaneous Quiz / Intro to Business

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Can you name the Intro to Business ?

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 It can be withdrawn at 59 1/2 years and grows tax free.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

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