Business Organizations
A company that is owned by a family and does not issue stock is most likely a what?
An example of somebody working in professional labor would be what?
Doctor, lawyer, engineer, pilot, teacher, etc.
What was created following the Great Depression to restore faith to the American Banking System?
The FDIC
The name for a part of a business that is bought and sold to shareholders is called what?
Stock
M1 represents what?
All the money that is liquid or very easily transferable into liquidity.
The business organization that is most likely to have the most government regulation is what?
the corporation
An example of a semi-skilled labor career would be what?
Lifeguard, cashier, short-order cook, waitress, etc.
The type of money that is used today in the USA is known as what?
Fiat money.
The NYSE and the NASDAQ are two forms of what?
Stock exchanges
What is the fancy term we use to describe banks and other similar institutions?
Financial intermediary.
What is a disadvantage of owning a franchise?
No freedom in choice/variety, have to pay fees to parent company, have to follow all rules of parent company, etc.
According to the government, you must be this old to be considered employed.
16
When we use money to check the balance in our bank account, we are using money as a what?
Store of Value
When the stock market actively rises, it is referred to as a _______ market?
Bull
A Neon Oil Corporation tanker spilled oil in the ocean around Australia. As a result of the accident, the share price of this stock is most likely to do what?
Decrease
Give an example of an NPO.
American Red Cross, Houston Food Bank, Ronald McDonald House, etc.
How does one calculate the labor force?
Total Population - Unemployed
Name 4 of the 6 characteristics of money.
Selling your stock back to the company for higher than you originally purchased it for is known as what?
Capital gains
What does diversification mean when it comes to investing?
Splitting your investments across several options to spread the risk and yield a higher return.
True or False: Corporations are taxed double at the end of the fiscal year.
True
What qualifies a job as being skilled?
Needing some sort of formal training or certification to efficiently perform the job.
Households derive most of their income primarily from what?
Wages
A futures stock contract is an agreement to do what?
In the future at a price determined today
Name the five types of bonds.
Savings, Treasury, Municipal, Corporate, Junk