Money Money Money
The main function of _________ is to bring together savers and borrowers
Banks
I entered into Business with my friend. We both share liability and profit.
Partnership.
A period were stock price have marched fairly steadily upward is referred to as this:
bear market
people over the age of 16 who have jobs OR who are actively looking
labor force
Help! I need a house. What type of loan can I take out?
mortgage
Highly liquid account that has little to no interest.
checking/checkable deposits
This business usually ends when the owner dies (RIP)
sole proprietorship
People who own stocks are considered _____________ in a company.
shareholders
The practice of using outside contractors instead of in house staff
outsourcing
How do banks make money?
loaning out money to borrowers with interest.
I am starting a business and need a loan from the bank. Which loan should I take out?
Commercial loan
In this business, a parent company licenses its trade name and the right to sell its product to an independent business owner for a fee
Franchise
What is the advantage of a mutual fund?
Diversified assets.
A customer is suing Bob from Bob's Burgers because this burger was undercooked. If found at fault, Bob will have to pay the plaintiff because he is personally ___________________.
liable
The ability of an investment to generate earnings that can be reinvested to earn still more earnings
compouning
The central bank of the United States that serves private banks.
The Fed (Federal Reserve System)
This type of business faces double taxation.
Corporations
What is a loan in which the borrower promises to pay the lender a fixed rate of interest over the term of the loan and then repay the principal at the end of the term, or date of maturity
bond
Provide a reason a company would offshore.
ex: cheaper labor abroad
Oprah Winfrey, Bezos. What are they considered? And spell the word out.
In considering retirement, individuals may look to three main sources of retirement income:
social security
company retirement plans (401ks)
person savings (including IRAs)
The main goal of this business is to offer its members low-cost goods or services.
coops/cooperatives
investments that give their holders the right to receive some form of return or profit. Examples include stocks and bonds.
Securities
health insurance, paid vacation time, and retirement plans are referred to as this
fringe benefits
50/50 or whatever they agree upon. Taxed on income.