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Flashcards in Semester Deck (113):
1

what three rhings must businesses focus on to stay competitive

quality
productivity
lowering costs

2

networking

informal groups of people with common interest

3

entrepreneur

someone who organizes, manages, and owns a company

4

benefits of full time employment

paid vacation
insurance
sick time
retirement

5

employee xosrs associated with full time employment

travel
uniform
gas

6

poor countries woth manufacturing facilities

developing countries

7

what should not be on a resume

gender
age
religion

8

how long should a resume be

1-2pages

9

job analysis

evaluate positives and negatives of a job

10

short term goals

goals achieves in few days or weeks

11

horizontal communication

occurs among coworkers of equal rank

12

downward communication

flows from higher to lower rank

13

upward communication

flows from lower to higher ranks

14

who was herzberg and what did he do

hygeine factors and motivators

15

is company or school email private

no

16

tax exempt

not having to pay taxes bc dont make enough

17

family and medical leave act

employees take up to 12weeks unpaid leave in 12mo period for medical or family situarions

18

who was abraham maslow

hierarchy of needs

19

responsiblities employers have to employees

safe workif condirion
minimum wage
vacation
sick days

20

what is a W-4

name
address
social secuirty
marital starus
# of exemptions
how much you r taxed

21

what did social security act cover

insurance program provides federal aid for elderly and disabled workers

22

when must employees recieve a W-2

Jan 31

23

civil rights act of 1964

prohibts discrimination in hiring trainig or promotion on basis of race, color, gender, religion, orgin

24

minimum wage

lowest wage

25

minor

under 18

26

workers compensation

insurance program pays benefits ro worker and or family for injury, illness, or dearh on job

27

permanent work identification #

social security

28

allowances

reductuons in amount of tax withheld from paycheck

29

acceptable rate of absenteeism

2% or lowers

30

americans with disabilites act

prohibts discrimination on basis of physical or mental disability

31

equal pay act

prohibts unequal pay for men and women working same job

32

age discrimination act

prohibts doscriminarion in employment decisions against pwople 40yrs or oldera

33

collective bargaining

process of negoiating work contact for union members

34

required employee deduction from paychecks

fed tax
state tax
medicare
social security

35

progressive income tax

larger share income as ampunt of income grows
fed income tax

36

regressive income tax

smaller share income as income decreases
sales

37

dependent

person who loves with you and you pay more than half of living expenses

38

when must federal income tax return be filed

april 15

39

audit

examination of tax returns

40

asset

items of value

41

liability

money or debts you owe

42

fixed expenses

cost sont change month to month

43

variable expenses

costs change month to month

44

budget

spending and savings plan

45

how long can IRS audit you return

3 years

46

commercial bank

offers services to general public and companies

47

share account

credit union

48

disadvantage of interest bearing checking account

high interest rates

49

cashiers check

check written on banks funds

50

certified check

personal check guarenteed by bank

51

money order

printed order for payment of sum issued by bank or post office

52

safety deposit box

bank keeps important items and documents

53

two balances compared whem completing checkbook reconciliation

bank statements balance
checkbook register balance

54

compound interes

interes paid orginal principal plus interes

55

liquidity

measure how quickly you can cash without loss of value

56

liquid investments

stocks
bonds
mutual funds

57

certificate of deposit

time deposit earns fixed interest rates for specific time

58

principal

amount borrowed or deposited which interest will be paid

59

bond

debt obligation of corp
state or local govt

60

annual percenrage yield

financial institution must tell consumers

61

interest

earnings on principal

62

discretionary income

remains after deductions of taxes

63

FDIC

federal deposit insurance corp
prevents loss of money up to 200,000

64

legal liability

held reaponsible for somethingt

65

risk

gain or loss due to economy

66

insurance premium

cost monthly for insurance

67

indemnification

putting policy holder back in financial condition they were in before loss

68

deductible

specified amount of loss that you must pay

69

hazard

dangerous

70

risk assumption

accepting consequence of risk

71

if someone is hurt on ur property are you liable

yes

72

why would you buy renters policy

to insure all items inside

73

co insurance

requires policy holders to insure their building state percentage of replacement valie for reimbursemnet

74

attractive nuisance

dangerous place attractive
pool
trampoline

75

bodily insurance

responsilble
insured causes accident
covers car and people
required by law

76

property insurance

covers car and property

77

comprehensive insurance

damage by animals or weather

78

collision insurance

high deductiblr
fix care if you causes accident
bank wont pay more than book value
as car ages-deductivle decreaes

79

risky investments

penny stocks

80

investment pyramid

lower risk bottom
high risk top

81

speculative investing

making bold high risk tpyes of investments

82

mutual funds

pooling of money from investors to buy large sections of stocks

83

treasury bill

$100 maturity
paid in days to 1 year

84

treasury note

$100 maturity
paid in 2,5,10 years

85

treasury bond

$100 maturity
30 years
interest paid every 6 months

86

market risk

caused by busniess cycle period of economic growth/decline

87

inflation risk

rise in general level of prices

88

strategic investing

careful management of investment aternative to max growth

89

stockbroker

share/own stock

90

stock

ownership of corporation

91

face value of a bond

value its worth

92

bondholders recieve how many regular payments

12

93

preferred stockholders

pays fixed dividend
no voting rights

94

margin buyer

borrow $ from broker to buy stocks

95

selling a stock short

selling stock borrowed from broker to be replaced later

96

bull market

rising stock prices
optimism

97

bear marking

falling stock proces

98

maximum amount of monthly income committed to credit

no more than 10%
annually 20%

99

advantages of credit

purchase power
protection
credit score

100

how is creditworthiness evaluated

credit score
job
payment method
credit history

101

type of personal info is part of public record thay could be accessed by creditors

name
email
phone #
address
work

102

how does a credif card with a limit work

spend up to that amount

103

chapter 7 bankruptcy

liquidation
wipes most debt in exchange for assets

104

chapter 11 bankruptcy

reorganization
busniess allows them to continue operating under court supervision until repayment

105

chapter 13 bankruptcy

reorganizarion
keep property and use income to pay portion od debt of in 3-5 years

106

debts thay cannot be erased woth bankruptcy

child support
alimony
taxes
student loans
fines

107

reasons for credit problems

overspending
paying late
lots of debt

108

insolvent

unable to pay debts

109

how long does a bankruptcy stay on credit record

7-10 years

110

in order to comsolidate debt what is required

collateral

111

why does the law require lenders to include all loan costs in the APR

compre different lenders to get best for u

112

define C's of credit

character
capacity
capital
condition
collateral

113

stages of investing

put and take
beginning
systematic
strategic
speculative