Miscellaneous Quiz / Intro to Business

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QUIZ: Can you name the Intro to Business ?

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

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