Miscellaneous Quiz / Intro to Business

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Can you name the Intro to Business ?

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 It can be withdrawn at 59 1/2 years and grows tax free.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

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