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Economics Vocab > Ch.6 > Flashcards

Ch.6 Flashcards

(55 cards)

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1
Q

Economics 12

A

Chapter 6 Vocabulary

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3
Q

articles of incorporation

A

A legal document, filed with the government, that incorporates a business.

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5
Q

asset value

A

A corporate share’s portion of the corporation’s net worth, represented by its assets minus its liabilities.

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7
Q

bear market

A

A stock market under the influence of traders expecting prices to fall, an expectation that is usually self-fulfilling.

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9
Q

blue-chip stock

A

Shares of large corporations that are commonly regarded as safe and stable investments.

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11
Q

bond

A

A financial asset that represents a debt owed by a corporation to the holder, on which interest is paid by the corporation.

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13
Q

book value

A

The value of a share when it was first issued; also known as face value.

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15
Q

brain drain

A

Emigration of Canadians talented in research and management to the US and other countries.

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17
Q

branch-plant economy

A

A somewhat censorious term applied to Canada in the past, referring to the numerous branch plants of foreign multinationals operating here, particularly US ones.

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19
Q

bull market

A

A market influenced by investors expecting prices to rise, an expectation that is usually self-fulfilling.

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21
Q

capital

A

A factor of production that refers to machinery, factories, warehouses, and equipment used to produce goods and services.

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23
Q

commodity

A

A raw or semi-processed good such as minerals, lumber, or grain.

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25
Q

conglomerate

A

A group of companies involved in different industries, but controlled by a central management group.

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27
Q

co-operative

A

A business owned equally by its members who have a common relationship, goal, or economic purpose.

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29
Q

corporate alliance

A

A group of companies that agree to operate as a single company while retaining separate ownership.

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31
Q

corporation

A

A business firm recognized legally as a separate entity in its own right.

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33
Q

Crown corporation

A

A business owned by the federal government.

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35
Q

dividend

A

Corporation profits distributed to shareholders on a per-share basis.

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37
Q

Dow Jones Industrial Average

A

The most widely known indicator of stock market activity based upon the daily closing prices of 30 blue-chip US corporations.

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39
Q

firm

A

Units of ownership engaged in business activities.

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41
Q

futures market

A

A market for commodities that are bought and sold for future delivery.

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43
Q

government enterprise

A

A business that provides services owned by the federal, provincial, or municipal government.

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45
Q

Gross Domestic Product (GDP) per capita

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A

The total value of a nation’s goods and services divided by its population.

47
Q

high-tech

Study These Flashcards
A

Industries that develop, provide, or use highly complex technology.

49
holding company
An enterprise that holds shares in other producing companies.
51
horizontal integration
The merging of two firms that produce the same product or service.
53
horizontal merger
A consolidation of two firms producing the same product or service.
55
joint liability
A legal requirement that all partners in a partnership are together liable for the debts of the partnership.
57
market maker
A Nasdaq broker who concentrates on trading specific stocks.
59
market value
The actual price at which a share will sell on the stock market.
61
multinational corporation (MNC)
A firm that operates in more than one country; a corporation with a global production and selling strategy, having headquarters in one country and branch plants in several other countries.
63
mutual fund
A fund comprising the investments of many clients; it is invested in the shares of other companies and managed by professional managers.
65
Nasdaq
Commonly used acronym for the National Association of Securities Dealers Automated Quotation.
67
Nasdaq Composite Index
An electronic network that functions as a stock market for over 4100 companies, with many technology companies listed. Its index is an indicator of its daily activity.
69
partnership
A firm owned by two or more people.
71
partnership agreement
The legal agreement between individuals in a partnership.
73
patronage
Profits made by a co-operative enterprise that are paid out to co-operative members.
75
principal
The original amount a corporation borrows with a bond, repayable to the bondholder, and on which interest is paid.
77
privatize
To turn over the ownership and operation of a government enterprise to the private sector.
79
progressive tax
A tax (such as income tax) that rises in percentage terms as an individual's income rises.
81
proxy
A document signed by a shareholder appointing another person to vote on behalf of that shareholder.
83
research and development (R&D)
A process of investigating, experimenting, and developing new products, technology, and production methods carried out by universities, governments, and businesses.
85
S&P/TSX Composite Index
The indicator of stock market activity used in Canada.
87
several liability
A legal requirement that if one or more partners do not pay their share of a partnership's debts, the other partners are required to do so.
89
share
Corporate assets divided into equal parts which are sold to buyers, giving them ownership and a share of the corporation's profits.
91
shareholder
The owners of the shares of a corporation, entitling them to voting rights and a share of the profits.
93
sole proprietorship
A business owned and operated by one person.
95
spot market
A market (such as the Ontario Food Terminal) for commodities that are bought and sold for immediate delivery.
97
staple
Products requiring little processing such as fish, fur, and lumber; Canada's main exports from the 16th to the 18th centuries.
99
stock exchange
The actual building in which shares are traded.
101
stock market
Either a physical place or an electronic network through which shares can be bought or sold.
103
stockbroker
An agent who buys and sells shares on the stock market for individuals and companies.
105
subsidiary
A branch plant of a multinational corporation.
107
transnational corporation
A firm that operates in more than one country.
109
vertical integration
The merging of two firms involved in different stages of the production process of a good or service.

Economics Vocab (13 decks)

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