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Terms in this set (71)
a business owned and managed by a single individual
a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.
limited liability company
A corporate structure whereby the members of the company cannot be held personally liable for the company's debts or liabilities. Limited liability companies (LLC) differ slightly from one country to the next.
A form of business ownership where two or more individuals share assets, liabilities, and profits.
Affinity fraud referes to investment scams that prey upon members of identifiable groups, such as religious or ethnic communities, the elderly or professional groups
a form of fraud in which belief in the success of a nonexistent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors.
the activity of defrauding an online account holder of financial information by posing as a legitimate company.
is intentional manipulation of financial statements to create a facade of a company's financial health. It involves an employee, account or the organization itself and is misleading to investors and shareholders.
a department of State of the Commonwealth. a department of the Parliament. an executive agency, or statutory agency, within the meaning of the Public Service Act 1999. a department of State of a State or Territory.
people who own stock, every company does not have share holders. owners of shares in the company
tax deductible expense
amounts that you can subtract from your gross income; interest on mortgage, donations to charity, medical expenses, state and local tax payments
A financial audit is an independent, objective evaluation of an organization's financial reports and financial reporting processes. The primary purpose for financial audits is to give regulators, investors, directors, and managers reasonable assurance that financial statements are accurate and complete.
based on or influenced by personal feelings, tastes, or opinions
A type of control that seeks to stop a particular type of event from occurring. Preventative controls may be implemented by using administrative methods, technical methods, and physical methods.
' A type of internal control mechanism intended to find problems within a company's processes. Detective control may be employed in accordance with many different goals, such as quality control, fraud prevention and legal compliance.
The control condition is the principal method of removing the influence of unwanted variables in RCTs. There is little agreement or consistency in the design and construction of control conditions.
Employment fraud is an attempt to defraud people who are seeking or performing employment by giving them a false hope of better employment, often with higher wages.
auditing transactions for compliance
A compliance audit is a comprehensive review of an organization's adherence to regulatory guidelines. Independent accounting, security or IT consultants evaluate the strength and thoroughness of compliance preparations.
automating information security
comprises measures and controls that ensure confidentiality, integrity, and availability of the information processed and stored by automated information systems. The unauthorized disclosure, modification, or destruction may be accidental or intentional.
enterprise resource planning software
governance, risk, and compliance systems
geographic information system
transport control protocol
methods of organizing
deductive, alphabetical, problem/solution, chronological
call to action, story telling, establishing credibility, grabbing attention
call to action
the primary responsibility of all financial services providers
growing and protecting their clients' wealth
before a financial planner can recommend an appropriate financial product to a client he/she must
determine the clients' needs
it is important to perform data-cleansing processes in customer databases to
increase data reliability
what is one way that a business can create or enhance place utility?
research locations where customers expect to find products
transferring business risk
in some states, businesses pay a percentage of their profits in taxes, no matter how much they make. This is known as..
gross domestic product
a person who recognizes and manages emotions
displays confidence, speaks with authority, and clearly communicates ideas to improve the company
an alternate course of action
A self-defeating relationship pattern in which a person helps or encourages addictive behavior in another.
what should leaders do when showing why a change is necessary
when setting financial goals you want them to be
realistic and specific
saving money helps you achieve
short term goals
investing money helps you achieve
long term goals
what is a key factor of saving and investing
a key factor to long-term financial well being is to start saving and investing early on
finance companies raise capital by
issuing notes and bonds
deposit taking institution
Financial institutions that have checking accounts available to business owners
A security not listed on a registered stock exchange (Aka over the counter stock.
over the counter market
an over the counter market involves trading securities outside of a formal auction exchange. typically involves smaller companies. negotiated trades that occur via dealer network
whats an advantage of consolidation to financial firms
what tends to happen to financial markets when the unemployment rate increases
investors sell their stock
what is one factor that stimulates financial globalization
what is a benefit of financial globalization
an increase of free flowing capital
where can u find current financial information about the corporations performance
the corporations website
rate of return
The total return on an investment expressed as a percentage of the amount of money invested
Percent of an entire purchase that is available for portioning after all in-house processing has been done
THIS SET IS OFTEN IN FOLDERS WITH...
Business Finance Series DECA
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