| A | B |
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| Term | Definition |
| accounting | A system used for recording, classifying, summarizing, and interpreting financial data is called ____________________. |
| Advertising | ____________________ is a paid, nonpersonal form of communication that businesses use to promote their products. |
| balance of trade | The difference between how much a country imports and how much it exports is called its _________________________. |
| Bank reconciliation | ____________________ means to balance your own records with the bank’s records. |
| bank statement | A(n) ____________________ is a record of all the deposits, withdrawals, interest, fees, and canceled checks in your checking account. |
| banner ads | Cyber ads displayed across the top or bottom of the screen are called ____________________. |
| break-even point | The amount of money a company has to make on a product to pay for its costs is called the ____________________. |
| cash budget | A(n) ____________________ is a plan for the actual money you expect to spend on a daily, weekly, or monthly basis. |
| check register | A(n) ____________________ is a log where you keep track of all your checking transactions. |
| Compound interest | ____________________ is interest you earn on both the principal and any interest you earned on it. |
| debit card | Often referred to as an ATM card, the ____________________ can be used like a credit card only the money comes out of your checking account. |
| deficit | When a country imports more than it exports, it has a trade ____________________, which means it is in debt. |
| Demographics | ____________________ are facts about the population in terms of age, gender, location, income, and education. |
| Direct-mail advertising | _________________________ consists of ads sent by mail to people’s homes. |
| drawer | The ____________________ is the person who writes a check and is paying the money. |
| exchange rate | The price at which one country can buy another country’s currency is called its _________________________. |
| financial forecast | An estimate of the future business climate is called a(n) ____________________. |
| financial plan | A(n) ____________________ is a way of keeping records of income and expenses. |
| fiscal year | At the close of the ____________________ you have to prepare reports to show your business’s finances. |
| For Deposit Only | If you want to deposit a check in your account and not cash it, you should write ____________________ on the back to make sure no one else can cash it. |
| imports | One country’s exports are another country’s ____________________. |
| Inflation risk | ____________________ is the possibility that prices will increase more the rate of interest on you savings account. |
| infomercial | A(n) ____________________ is a TV program with a celebrity guest and live audience put together to sell a product. |
| liability | Any amount your business owes is a(n) ____________________, or a claim against your assets. |
| market research | Gathering and studying information about consumers to determine what kinds of goods and services to produce is called _________________________. |
| marketing | The process of creating, promoting, and presenting a product to meet the wants and needs of consumers is called ____________________. |
| Mass media | ____________________ are means of communication such as TV, radio, and newspapers. |
| maturity date | The ____________________ for a certificate of deposit is when the money becomes available to you. |
| multinational corporation | A corporation that does business in many countries and has facilities in many countries is a(n) _________________________. |
| net income | If your business’s total revenue, or earnings, is greater than its total expenses, you have a(n) ____________________. |
| Newspapers | ____________________ are the best form of advertising for neighborhood businesses like hair salons and restaurants. |
| opportunity cost | Putting off buying something now to get something later is called the ____________________ of savings. |
| overdraw | You ____________________ your account when you write checks for more money than you have in the bank. |
| Owner’s equity | ____________________ is equal to the total assets of the business minus the total liabilities. |
| passbook | The two types of traditional savings accounts are statement savings accounts and ____________________ savings accounts. |
| penalty fee | Some savings accounts charge a ____________________ for withdrawing money too early or if the account balance falls below a certain minimum. |
| product development | Generating ideas, test marketing a product, and evaluating customers’ responses are different steps in _________________________. |
| quota | A limit placed on the amount of a product that can be imported is called a(n) ____________________. |
| Savings | ____________________ is money put aside for future use. |
| screen ads | Cyber ads that appear at the left or right of the screen and can be printed for future reference are called ____________________. |
| service fee | You have to pay a(n) ____________________ on a checking account for the paperwork the bank does to maintain the account. |
| signature card | Banks have you fill out a(n) ____________________ when you open an account to verify your identity when your checks are cashed. |
| Simple | ____________________ interest is earned only on the money you actually deposit into your savings account. |
| specializing | By ____________________, countries can sell what they produce best to buy what they need from other countries. |
| start-up budget | The plan you create for your income and expenses from the time you start the business to when it makes a profit is called a(n) ____________________. |
| trade alliances | To reduce limits on trade, more countries are merging their economies with each other into one huge market by forming _________________________. |
| trade barriers | To limit competition from other countries, governments put up _________________________ to keep foreign products out. |
| transit advertising | If you see an ad on a bus, it is a form of _________________________. |
| webcast | A live fashion show broadcast on the Internet by a clothing company is an example of a(n) ____________________. |
