| A | B |
|---|
| Effective Rate | The actual rate of interest received on a savings account |
| Mutual Fund | It is an open-ended fund operated by an investment company that raises money from shareholders and invests in a group of assets |
| I and EE Bonds | The safest bonds sold by the US Gov |
| Reason for accounting systems | To meet an organization’s need for accounting information as efficiently as possible |
| Statement of Cash Flow | To accurately calculate the funds a company has available to pay expenses |
| Liquidity | The quick ratio and current ratio best indicate a company’s |
| A Balance Sheet | condition statement noting assets and claims against the assets |
| Ask a Question | Which of the following is the most appropriate way to begin a sales letter? |
| A business teacher wants students to learn about exploring career choices | Visit a College |
| Consumer sovereignty | the idea that consumers drive the economy because their preferences affect business decisions regarding production |
| Law of Demand | a decline in the price of a good will tend to cause consumers to purchase more of that good |
| true market economies | Gov removes all barriers to Trade |
| the laws of supply | High prices means produce more, low prices means produce less |
| Limited Partners | Investing money into a firm without decision making abilities |
| Corporation | a business owned by many people but treated by law as if it is owned by one person |
| Goal of a Business Plan | The most popular use of business plans is to obtain funding or for financial requests |
| Blog Posts | are organized in reverse chronological order |
| Wiki | organized using a collection of hyperlinks to other individual pages |
| Blogs and Wikis | incorporate social software allowing individuals to achieve goals as a group |
| Decision support system | A decision support system acts as a what-if analysis system by assisting in the evaluation of alternative courses of action |
| Extranet | a semiprivate network that allows more than one company to access the same information like vendors, partners, suppliers |
| Intranet | private, secured network designed to facilitate collaboration without outside parties involved. |
| Telnet | is a computer protocol that provides two-way interactive communication compatibility for computers on the internet, but not in use much. |
| Trawling | act of searching a database for a specific piece of information, such as a birth date |
| Data Mining | The process of digging through data to discover hidden connections and predict future trends, knowledge discovery in databases |
| Internship | provides a beginner in an occupation with hands-on experience, usually as an unpaid trainee |
| Cooperative Work Experience | only phase of work-based learning that is paid. |
| Identifying an opportunity | the first step in the managerial decision-making process |
| primarily benefits an American multinational company | Implementation of a positive trade agenda |
| Probate Court | Deals with Wills and Estates |
| Municipal court | general misdemeanor criminal cases, traffic violations, and other violations of municipal ordinances |
| Circuit Court | including circuit, associate, small claims, probate, family, or drug court. Each division hears cases within its particular area of subject-matter jurisdiction, |
| Federal District Court | Both civil and criminal cases are filed in the district court, which is a court of law, equity, and admiralty. |
| strict liability in contracts | It does not require a showing of negligence |
| Fair Credit Reporting Act FCRA | enacted to promote the accuracy, fairness, and privacy of consumer information |
| BBB | rates the ethical and community standing of a firm to maintain a level of trust between businesses and the public. |
| FTC | chief focus is to prevent fraud and deceptive business practices and to ensure fair competition |
| FCC | regulates radio, television, telecommunications, broadband, and emergency communication systems |
| primary cause of a discharge of all contractual duties | Complete performance of the terms of the original contract |
| enforces federal laws that protect consumers and helps them exercise their legal rights and avoid fraud and deception | FTC |
| A primary regulatory function of the United States government | Protect competition |
