Credit
What are the 3 C’s of Credit?
Character, Capacity, Collateral
This type of taxation is the greatest revenue source for the U.S. government…
Income tax
In a company, who is usually responsible for budgeting?
CFO (Chief Financial Officer)
Leadership style where leaders welcome and value others' input, rely heavily on team participation, and facilitate discussions that enable multiple members of their group to weigh in on decisions
Democratic leadership
right to safety, right to choose, and right to be informed are all examples of what?
Consumer rights
These considerations are about which of the 3 C’s?Considerations: Credit Score, Length of Credit History, Years Living at Current Address
Character
A tax that takes a larger percentage of income from low-income groups than from high-income groups. Impacts those with lower incomes more than higher incomes. This is an example…
Regressive tax
The part of financial planning that includes preparing a plan of income and expenses.
Budgeting
The department responsible for handling employee concerns including recruiting, compensation, benefits, and legal issues.
Human Resources (HR)
A legally binding agreement that is enforceable by law is a…
Contract
A credit score ranges from these two numbers:
300 to 850
The form that reports how much you earned and how much you paid in taxes at your job. Sent to employees by employer by January 31st. This tax form is a…
W-2 form
One of the main reasons to budget is…
Set aside money for emergencies
Statement that explains the overall values and purpose of the business is a…
Company mission statement
This government agency regulates, administers, and enforces Consumer Protection Laws:
CPA (Consumer Protection Agency)
A loan with a high interest rate given to those with low credit scores is a…
Subprime loan
A tax placed on certain goods at the time of purchase. The items subject to this tax are perceived to be either morally suspect, harmful, or costly to society.
Sin/excise tax
Expenses that stay the same from month to month. Most accurate.
Easily predictable, generally for needs, not wants
This describes what type of expenses?
Fixed expenses
A tool used to visually represent a company’s structure and chain of command is a…
Organizational chart
Name 2 elements of a valid contract
Mutual assent, legality, consideration, capacity
Increase of your interest rate because you made a late payment is a…
Penalty APR
A form that displays the amount of tax due based on income received in a year is a…
Tax table
Can vary from month to month - generally for WANTS
Food Expense
Entertainment Expense
Most easily adjusted
Variable expenses
A S.W.O.T. analysis has four different parts. Name 2.
Strengths, Weaknesses, Opportunities, Threats
A service contract that extends the express manufacturer's warranty coverage for the repair or replacement of parts is a…
Extended warranty