Competition and Monopolies
Types of Businesses
The Labor Force
Money and Banking
The Stock Market and Investing
100

Name on barrier to entry that new businesses might face when starting. 

(obstacle that makes it difficult for businesses to start up)

-high startup costs

-complex technologies

-government regulations

100

What is a sole proprietorship?

A business owned and managed by a single person.(you are your own boss)

100

What people are considered in the unemployment percentage?

-people who do not have a job but are actively looking for work in the last 4 weeks.

-people who temporarily or seasonally laid off.

100

In the 50/30/20 rule, what percentage of your paycheck goes towards...

Needs:

Wants:

Savings:

Needs:50

Wants:30

Savings:20

100

How are bear and bull markets different?

Bear: stock prices begin to fall and manyh people sell their stocks

Bull: stock prices are rising and many people begin to buy stocks.

200

List 2 forms of non price competition

-physical characteristics

-location

-service level

-Advertisment

200

What is a partnership?

a business organization owned by two or more people who agree on a specific division of responsibilities and profits.

200

Name the 3 requirements that are used to consider people employed.  

-worked one paid hour in the last week

-worked 15 unpaid hours at a family business

-held employment but did not work due to sickness, vacation, or bad weather. 

200

How do banks make money?

-interest rates on loans and mortgages

-investing saving accounts into safe businesses

200

Describe the terms liquidity and return.

Liquidity refers to how easily an asset can be converted into cash without affecting its price.

Return is the gain or loss made on an investment relative to its cost, usually expressed as a percentage.

300

What is a Monopoly?

A single firm that controls an entire industry and can control price and output of certain goods. 

300

What is a franchise?

A contract issued by a local authority that gives a single firm the right to sell its goods within an exclusive market.

a semi-independent business that pays fees to  a parent company. In return the business is granted exclusive rights to sell the parent company’s products.

300

Name one way the labor force is changing today.

-temp work

-advanced machinery

-AI

-guest work

300

Describe one purpose of the Federal Reserve System.

-acting as the government's banker

-issuing currency for the government

-serving and regulating banks

-clearing checks

-acting as a lender of last result 

300

Difference between a hedge fund and a mutual fund?

-a mutual fund pools the savings of many individuals and invests this money in a variety of stocks, bonds, and other financial assets. a fairly safe option.

-a hedge fund is a private investment organization that employs risky strategies that often make huge profits for investors. these investors are generally wealthy and are usually very knowledgeable about investing. 

400

What is pure competition?

A market structure where many firms sell very similar products at similar prices, no company has an influence over the price.

400

What is a corporation?

a firm owned by individual stockholders, each stockholder has a limited liability for the firm's debts.

400

Name 2 of the 3 uses of money.

-money as a median of exchange

-money as a use of account

-money as a stored value

400

What is the difference from the DOW Jones and the S&P 500.

DOW Jones: Tracks 30 well known stocks to give a view of overall stock market performance.

S&P: Tracks 500 different stocks to give a broader view of overall stock market performance.

500
Describe a horizontal merger.

When two or more firms competing in the same market with the same good or service join together… This happens in attempt to get rid of rival companies and increase market share.

500

What is the difference between the New York Stock Exchange and the NASDAQ?

NYSE: Handles stock and bond exchanges from top companies in the U.S. and has a physical trading floor

NASDAQ: Created to regulate over the counter trading, handles more trades on average than any other American market, and has no physical trading floor