Finance
Something that has value.
What is money?
An organization engaged in commercial, official, or industrial activities.
What is a business?
A mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities.
What is a tax?
A network of exchanges where investors buy and sell shares of publicly traded companies. It's a place where investors can raise money from entrepreneurs to fund their businesses, and where companies can access capital from the public.
What is the stock market?
The system or act that allows a corporation's income to be taxed twice.
What is double taxation?
A standard monetary unit of exchange and measure.
What is a unit of account?
The organization, management, and directing of a business.
What is business management?
Taxes on the income of corporations.
What is a corporate tax?
When people freely and willingly trade goods, services, or resources with each other, expecting to benefit from the transaction without coercion, forming the foundation of market economies and driving efficiency, specialization, and economic growth as both parties feel better off after the exchange.
What is voluntary exchange?
Double Points!!!
What are the Articles of Organization?
Investing in companies expected to grow overtime.
Double Points!!!
What is growth investing?
The promotion, pricing, and delivery of a business.
What is marketing?
What's the difference between tax credit and tax deduction?
Double Points!!!
A tax credit lowers your final tax liability; a tax deduction lowers your taxable income.
A tool that tracks the performance of a specific group of stocks, bonds, or other investments, acting like a thermometer for a market segment to show overall trends.
What is a market index?
List three factors that affect money's value.
Triple Points!!!
Interest rates, inflation, capital flow, supply and demand, and/or money supply.
Name the three functions of money.
Store of value, unit of account, and medium of exchange.
The government agency responsible for regulating the stock market. It protects investors, companies, international markets, and other government agencies alike.
Double Points!!!
What is the Securities and Exchange Commission?
A tax form that individuals file annually to report their income to the federal government.
Triple Points!!!
What is a 1040?
Companies that sell shares to the general public on stock exchanges, allowing anyone to buy ownership stakes (stock) and trade them freely.
What are public companies?
Name the three laws that allow the president to impose tariffs.
Quadruple Points!!!
Trade Expansion Act of 1963, Trade Act of 1974, and International Emergency Economic Powers Act of 1977 (IEEPA).
Name the four investing strategies.
Double Points!!!
Value, growth, index, and income.
The fundamental documents filed with the state to establish a corporation.
Triple Points!!!
What are the Articles of Incorporation?
Name the four types of income taxes.
Quadruple Points!!!
Payroll/Self-employed, city, state, and federal income taxes.
Organized and regulated "places" (much trading today is virtual) where stocks and other types of securities are bought and sold. They play a crucial role in the financial system by providing a platform for companies to raise money by selling their stocks and bonds to the public.
What is a stock exchange?
Name four positive and/or negatives of tariffs.
Five-fold Points!!!
Protect domestic industries, strengthen supply chains, strengthen national security, generate government revenue, higher consumer prices, risk of retaliation, complexity and uncertainty, and/or harm to other domestic industries.