Terms
Provide the term: Being able to interact in the workplace and customers
Communication
What does it mean to budget?
A plan for managing income, spending, and saving.
What is a bond?
A income instrument that represents a loan made by an investor to a borrower.
What is supply and demand?
A fundamental economic concept that describes the relationship between the availability of a product and the desire for that product
What does CEO stand for?
CEO stands for Chief Executive Officer.
Provide the term: The sale of goods and services to foreign markets
Exports
What is a TSFA?
Tax-Free Savings Account
What is a stock?
Ownership in a company
What is a recession?
extensive downturn in economic activity
What does it mean to network?
Interacting with others to exchange information and develop professional/social contacts.
Provide the term: Rivalry among businesses
Competition
Explain the difference between net income and gross income.
Gross income: total earnings before any deductions, Net income: what remains after all deductions are taken.
Explain what a dividend is
A payment made by a corporation to its shareholders, usually as a distribution of profits.
What is inflation?
A general increase in prices and fall in the purchasing value of money.
What does a CPA stand for?
Certified Public Accountant
Provide the term: Two companies combining to form a new company
Merger
What is compound interest?
Interest calculated on the initial principal on a deposit or loan
Why should you diversify your investments?
reduces risk
What is GDP and what does it measure?
Gross Domestic Product, the total value of all goods and services produced over a specific time period within a country's borders.
What social media platform is used for networking, and building your professional identity?
3
Provide the term: A person who organizes and manages any enterprise, usually with considerable initiative and risk.
Entrepreneur
What is considered a perfect credit score?
800-850
What is the S&P500?
Measures the value of the stocks of the 500 largest corporations on the New York Stock Exchange or Nasdaq
What is a monopoly?
In a monopoly, one company controls the entire market.
How many levels are required for the CFA designation? Provide the number.