Ch. 1.
Ch. 18
Ch. 20
Ch. 28
Ch. 40
100
The Process of choosing which want, among several wants being considered, will be satisfied.
What is Economic Decision Making?
100
All people 16 years and over who are employed or are looking for a job.
What is Work Force?
100
A sales letter about an applicant written for purpose of getting a personal interview.
What is Letter of Application?
100
A place where member banks exchange checks to clear them.
What is Clearinghouse?
100
A whole life policy intended to be paid up in a certain number of years.
What is Limited-Payment Policies?
200
The means through which goods and services are produced.
What is Economic Resources (factors of production)?
200
Businesses that perform services to satisfy the needs of other businesses and consumers.
What is Service-Producing Industry?
200
A summary of job-related information about yourself.
What is Personal Data Sheet?
200
Checks that have been paid by the bank.
What is Canceled Checks?
200
The person named in and insurance policy to receive the insurance benefits.
What is Beneficiary?
300
Things you can see and touch.
What is Good (products)?
300
Businesses that manufacture many kinds of products.
What is Goods-Producing Industry?
300
People who can give a report about your character, education, and work habits.
What is Personal References?
300
Checks that have not been deducted from the bank-statement balance.
What is Outstanding Checks?
300
The amount of money received should a policyholder decide to give up the protection provided by a policy.
What is Cash Value?
400
Things that are not necessary for survival, such as food, clothing, and shelter.
What is Needs?
400
A demand for factors of production affected by consumer demand for a product or service.
What is Derived Demand?
400
A test that measures how well a job applicant can perform certain job tasks.
What is Ability Test?
400
Returning a check to the drawer's bank to be paid and charged to his or her checking account.
What is Clearing?
400
Life insurance which provides both insurance protection and a substantial savings plan.
What is Universal Life Insurance?
500
Things that satisfy our wants through the efforts of other people or equipment.
What is Services?
500
Planned reduction in the number of employees needed in a firm.
What is Downsizing?
500
A report sent by the bank to a depositor showing the status of his or her account.
What is Bank Statement?
500
A financial benefit from the continued life of a person.
What is Insurable Interest?
M
e
n
u