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Ch. 6
Ch. 6-1
Ch.11
Ch.11-1
unknown
100
AN OUTSTANDING CHECK IS A CHECK THAT HAS
What is not yet been presented for payment
100
The purpose of a check register
What is keep a record of checks written and money deposited
100
employeeis one to whom the company makes a long-term commitment
What is permanent
100
the financial institution that offers the widest range of financial services
What is commercial bank
200
overdrawing occurs when a person
What is writes checks for more than what they have deposited
200
Fee a bank charges for handling a checking account
What is service charge
200
The most important difference between successful businesses and failed businesses is developing and following a
What is business plan
200
Reports revenues, expenses, and net income
What is income statement
200
A form of payment that orders the issuing agency to pay to another party the amount printed on the for
What is money order
300
person to whom the check is written
What is payee
300
Signing only your name on the back of a check
What is blank endorsement
300
Two important factors in starting a small business
What is timing and location
300
The most important step in financial planning is developing a
What is budget
300
The federal government agency tht protects depositors' money in case of bank failure is the
What is FDIC
400
When opening a checking account, a person must complete
What is a signature card
400
A check written for a later date.
What is postdated
400
The work of the employee will contribute to the company's profitability
What is when an employee is hired
400
Creating 2,000 identical products
What is mass production
400
The cost of operating a business
What is expenses
500
The words "for deposit only" are what type of endorsement
What is restrictive
500
the process of paying and returning checks within the banking system
What is clearing
500
benefits of workig for a small business include
What is convenience and flexibility
500
pays the employee a specific amount of money for each hour worked
What is time wage
500
every business begins with an
What is idea