Miscellaneous Quiz / Intro to Business

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Can you name the Intro to Business ?

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

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