!FINAL! Flashcards
(113 cards)
1
Q
Irresponsible spending, pretending to be rich
A
Visa Gold Card Mentality
2
Q
Deep debt accepted as the norm
A
Debt Culture
3
Q
Funds running out
A
Social security act 1935
4
Q
Unprepared for retirement
A
baby boomers
5
Q
baby step #3
A
build wealth
6
Q
safe, long term investing
A
mutual fund
7
Q
income designated is often matched by employer
A
401 K
8
Q
$1000-
A
Emergency fund
9
Q
self control gives us our goals
A
sacrifice to win
10
Q
just like money: can build or destroy
A
brick
11
Q
emergency, purchases, wealth building
A
reasons to save
12
Q
preparation for wealth building
A
baby steps
13
Q
available cash
A
liquid
14
Q
high interest savings account
A
money market
15
Q
has a fee for depositing money
A
certificate of deposit
16
Q
pledged as security for repayment of a loan, to be fortified in the event of a default
A
collateral
17
Q
opposite of debt culture, save until you can purchase
A
fund approach
18
Q
has greater influence when paying with cash
A
haggle
19
Q
number assigned to a person that indicates to lenders their capacity to repay a loan
A
credit score
20
Q
investment opportunity with publicly held corporations
A
stock markets
21
Q
interest added to the deposit so that the interest also earns interest
A
compound interest
22
Q
not necessary
A
credit cards
23
Q
adults who return to live with their parents due to debt
A
boomerang kids
24
Q
the benefits of a given situation are analyzed as associated with the sum needed
A
cost analysis
25
blesses or wrecks the relationship
relatives and money
26
either self esteem or safety
money gender patterns
27
college (plus) family, work, church, volunteerism, friends
time poverty
28
rationalized due to being overworked
impulse buying
29
deficit in a bank account caused by drawing more money than the account holds
overdraft
30
usually older with money management skills, gives objective advice
accountability partner
31
repayment schedule may be deferred while the student is still in school
student loan debt
32
monthly debt divided by your gross monthly income
debt to income ratio
33
legal obligation made by this person to make payment in event of default
co-signer
34
details person's financial history specific to their ability to repay borrowed money
credit report
35
company that collects information related to individuals patent practices
credit bureau
36
limits the behavior or actions of those attempting to obtain a payment
fair debt/collection laws
37
is a legal binding contract for a specific period of time
lease (apartment)
38
often displayed by drama addicts and poor planning
management by crisis
39
cash taken from an individuals account every month
auto payments
40
fundamental change in approach or underlying assumptions
paradigm shift
41
a range of investments held by a person
portfolio
42
the most expensive version of financing
lease (car)
43
oversized amount due at the end of a mortgage or commercial loan
balloon payment
44
drops in 18%-28% in the first year
brand new car
45
the difference between current market value and what is owed
equity
46
combining of several loans into a new loan and paying more interest
debt consolidation
47
biggest wealth builder- money received regularly through work or investments
income
48
main goals are to protect consumers and ensure a competitive market
Federal Trade Commission
49
wrongful or criminal deception intended to result in financial or personal gain
fraud
50
allows others into your financial accounts
electronic access
51
buyer alone is responsible for checking the quality of goods before a purchase is made
caveat emptor
52
taking control over your impulse buying through various tactics
power over purchase
53
research best quality at best price before a large purchase
due diligence
54
loss of potential gain from other alternatives when one alternative is chosen
opportunity cost
55
over $1,000, house, car, vacation, reception, furniture...
major purchase
56
arrangement by which a company guarantees compensation for specified loss in return for payment
insurance
57
being responsible by law
liability
58
the cost of insurance
premium
59
specific amount of money that the insured must pay before an insurance company will pay on their claims
deductible
60
minimum auto insurance coverage required by law
PLPD
61
beneficiary payment, especially for health services, in addition to that made by an insurer
co-pay
62
bought more cheaply than is usual or expected
bargain
63
tactic of bargaining and power over purchase
walk away
64
public sale in which goods or property are sold to the highest bidder
auction
65
liquidation of the belongings of someone who has passed away
estate sale
66
future contract with no share rights or dividends
single stock
67
investor loans money to an entity
bonds
68
insurance company investment designed to grow funds
annuity
69
payments regular paid by a company to its shareholders
dividends
70
in charge of accounting
CFO
71
in charge of management and growth
CEO
72
individual who has purchased shares from a corporation
stockholder
73
measure of profit as related t the possibility of loss of the investment
risk return ratio
74
person who organizes, creates, and operates a business
entrepreneur
75
usually involves, quiet deliberative thought
creative process
76
events by chance in a happy or beneficial way
serendipity
77
conduct of profit solely through the internet
e-business
78
knowledge dealing with applied sciences, especially in industry
technology
79
governmental system that often slows or impedes growth progress
bureaucracy
80
efforts of two or more parties acting independently to secure the same goal
competition
81
scientific, technical, medical training is sold
information business
82
old form of management: status given to those with experience
hierarchy
83
activities followed by a firm to deliver their product or service to the market
value chain
84
goods or services obtained by an external supplier
outsource
85
specializes in fulfilling a service on behalf of the product/company owner
fulfillment
86
bridge between an idea and a business plan
business concept
87
the action of supplying goods to the consumer
distribution
88
process of investigating the big picture of a specific industry for a niche
feasibility
89
a great concept statement that presents a business idea as utmost importance
executive summary
90
proof of plausible financial growth through instating specific steps
development plan
91
usually a 1-3-5 year statement of posit application and expected growth
financial plan
92
graphic representation of obtaining goals from both the developmental and financial plans
timeline
93
a change or process of change which allows profit to be better suited to the business environment
adaptation
94
ability to exert influence over another
bargaining power
95
creating a unique name and image for a product
branding
96
concentrating all marketing efforts on a small but specifically defined segment of a industry
niche
97
planned investigation aimed at knowledge of a company or it's products
industry research
98
general direction in which something is developing or changing
trends
99
method of leadership used
management style
100
behavior of humans within an organization toward producing employee satisfaction
business culture
101
agency that regulates the securities market
US securities and exchange commission
102
presidential cabinet sector that promotes job and business creation
US department of commerce
103
point of reference against which things may be compared or assessed
benchmarks
104
statistical data relating to particular groups
demographics
105
consumer's desire and willingness to pay a price for a specific good or service
demand
106
a tool used to provide insights into the market success of a new product
test market
107
funds needed to launch a start-up business
capital requirement
108
summary of the aims and values of a company
mission statement
109
article, substance, or service manufactured or offered for sale
product
110
the goal of increasing sales and achieving a competitive advantage
marketing strategy
111
structure detailed as it relates to use of funds received to start a new business
loan fund dispersal
112
summing up prior experience in business
resume
113
recommendation provided by a business associate
reference
