A loan which is backed by assets belonging to the borrower in order to decrease the risk assumed by the lender.
What is secured loan.
100
Appoints officers, federal judges and cabinet members. Also has the ability to pardon people. The people who he appoints must be approved by congress.
What is Chief executive.
100
The money and time spent on a project that cannot be retrieved.
What is sunk cost
200
Easy credit can entice people to make purchases they can't pay back. What does entice mean?
What is Lure.
200
A loan that is given to you without collateral
What is unsecured loan.
200
Sets the legislative agenda and signs and vetoes bills. Bills that have been signed can be overridden by a 2/3 majority in the Senate.
What is Chief legislator.
200
The ability of a country company or individual to produce a product for less than another entity. It may also refer to an individual who is the best at something.
What is absolute advantage.
300
when you make a credit purchase at a store who do you agree to pay?
What is your credit provider.
300
This loan comes in a card and you are supposed to pay the bill by the due date or else you get interest charges.
What is credit card.
300
Can send troops anywhere for 90 days but must withdraw withing that time limit if they do not get congressional approval. Also allowed to bomb anywhere.
What is Commander in Chief.
300
When someone specializes in a task that they might or might not be the best at.
What is comparative advantage.
400
are always secured loans, with the collateral usually being real estate. They are for large amounts of money, and are payable over long periods of time
What is mortgage loans.
400
What is the difference between the head of party and the head of state?
The head of state is a figurehead of America and the head of party is representing their party.
400
When you split jobs within a team in order to be efficient and effective. An example is if Tim is the best at everything in McDonald's he will not do everything. Instead he would split the work in order to be effective.
What is division of labor.
500
includes personal loans, home equity loans, car loans, etc.
What is conventional loan.
500
What are one of the requirements to become a president.
You have to be a national born citizen,
500
If Tim can wash three dishes and clean 3 rooms in one hour and Jake can wash 4 dishes and clean 2 rooms in 2 hours who should do what?
Tim should clean the rooms and Jake should wash the dishes.