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Deca finance cluster exam #1-26
Terms in this set (21)
3. Many nations have developed environmental regulations in order to encourage...
(Many nations have developed environmental regulations to conserve their natural resources by requiring businesses to control pollution, dispose of hazardous waste properly, and use nonrenewable resources wisely. These regulations set pollution standards that businesses must meet, establish rules for disposing of waste, encourage recycling, and monitor illegal dumping. Nations realize that natural resources are limited and must be conserved or renewed in order to be available for future generations. Nations did not develop environmental regulations to encourage ethical behavior or moral conduct, although some environmental regulations deal with ethical and moral issues. )
an online identity theft scam that fools its victims into believing they are submitting sensitive, personal information such as bank or credit card numbers to a legitimate website.
an investment scam that lures new investors by promising high rates of return with little to no
occurs when a company or organization knowingly publishes incorrect information
on its financial statements.
an investment scam in which the scammer claims to be a member of the group s/he is targeting. (By claiming to be a member of the group, the target audience is more likely to trust the scammer and turn over its money to him/her.)
the difference between the cost of an investment and the selling price of that same investment
It's important to be ____ when writing professional emails. This means using "please" and "thank you" when necessary
The best way for businesses to communicate with customers is to ________. (Customers have a lot of useful information to give businesses if they will listen. Renting billboards, sending direct mail, and providing information about the business are all forms of communication, but none is as valuable as listening.)
______ customers only want the facts, and they don't like being pushed. Once you gain their confidence and trust, you will have a customer for life.
______ customers may steal goods or purchase items, use them, and return them for a full refund, if they can get away with it.
_______ customers are negative, quick tempered, and may never be your best customer.
_____ customers generally need help to feel comfortable about buying a good/service each time they go shopping.
customer life cycle
The basic steps of the ________ involve attracting current customers, acquiring
new customers, serving the customers, and retaining the customers.
_____ are the rise and fall in economic activity that businesses experience.
A tax by which the government takes a greater share of the income of the rich than of the poor. As the income increases, the tax rate also increases. (example: The U.S Income tax )
the price paid for the use of borrowed money
When interest rates ___, the economy often experiences a ___ in consumer demand, in consumer spending, in job growth, and in output.
____ refers to the goods and
services produced as the result of combining inputs—an _____ is a product available for sale. They decrease because product demand and consumer spending decrease when interest rates rise
strengthen their bargaining power.
The overall objective of workers who form labor unions is to...
(Workers want better wages, working conditions, and hours, but they have no real power as individuals to bargain effectively with management for these things. Banding together in a union gives them this power.)
If an investment suffers a loss in value in relation to its purchase price, the government allows the owner to claim the loss as a _________
Sarbones-Oxley Act 2002
Protects employees of publicly traded companies who provide evidences of fraud to investigator.
THIS SET IS OFTEN IN FOLDERS WITH...
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