Study sets matching "principles of business credit options"

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Study sets matching "principles of business credit options"

27 terms
Principles of Business, Chapter 18 Consumer Credit
credit
finance charge
installment loan
collateral
the privilege of using someone else's money for a period of t…
the total dollar amount of all interest and fees you pay for…
one in which you agree to make monthly payments in specific a…
something of value that a borrower lets the lender claim if a…
credit
the privilege of using someone else's money for a period of t…
finance charge
the total dollar amount of all interest and fees you pay for…
Principles of Business Debiting and Crediting
accounting equation
owners investment in company
assets
liabilities
assets = liabilities + capital
capital, owner's equity, net worth
cash, account receivable, land, building, equipment
account payable, loan payable, mortgage
accounting equation
assets = liabilities + capital
owners investment in company
capital, owner's equity, net worth
50 terms
Principles of Business - Understanding Credit Management
What are the main types of credit?
Consumer credit
Commercial credit
Credit
Consumer credit and commercial credit
Credit used by people for personal reasons
Credit used by businesses
An agreement to obtain money, goods or services now in exchan…
What are the main types of credit?
Consumer credit and commercial credit
Consumer credit
Credit used by people for personal reasons
50 terms
Principles of Business - Understanding Credit Management
What are the main types of credit?
Consumer credit
Commercial credit
Credit
Consumer credit and commercial credit
Credit used by people for personal reasons
Credit used by businesses
An agreement to obtain money, goods or services now in exchan…
What are the main types of credit?
Consumer credit and commercial credit
Consumer credit
Credit used by people for personal reasons
Principles of Business 5.00 Understand business credit and risk management.
Credit card
Installment credit
Credit report
$4,000
While shopping among several stores, Tina charged over $700 w…
Tonya is considering shopping at a Rooms To Go furniture stor…
Walden Book Store obtained information about Ann's reputation…
What is the interest amount for the following loan: $10,000 c…
Credit card
While shopping among several stores, Tina charged over $700 w…
Installment credit
Tonya is considering shopping at a Rooms To Go furniture stor…
Principles Of Business Credit Test 2
Defamation
Libel
Slander
matter libelous per se
is a false statement made to others that injures the name or…
is defamation in some permanent form, such as printed media o…
is defamation in a temporary form, such as speech.
is any communication that falsely suggests a criminal act or…
Defamation
is a false statement made to others that injures the name or…
Libel
is defamation in some permanent form, such as printed media o…
63 terms
Principles of Business - Ch. 18 Consumer Credit
credit
finance charge
installment loan
collateral
the privilege of using someone else's money for a period of t…
the total dollar amount of all interest and fees you pay for…
one in which you agree to make monthly payments in specific a…
something of value that a borrower lets the lender claim if a…
credit
the privilege of using someone else's money for a period of t…
finance charge
the total dollar amount of all interest and fees you pay for…
Principles of Business, Chapter 12
Accounts payable record
Accounts receivable record
Asset record
Assets
a financial document that identifies the companies from which…
a financial document that identifies customers that made purc…
a financial document used to name the buildings and equipment…
what a company owns; anything of value owned by a business.
Accounts payable record
a financial document that identifies the companies from which…
Accounts receivable record
a financial document that identifies customers that made purc…
15 terms
Principles of Business and Finance Lesson 18 Vocabulary
credit
finance charge
down payment
installment loan
the privilege of using someone else's money for a period of t…
the total dollar cost of credit including interest and all ot…
a payment of part of the purchase price, usually made at the…
a loan in which you agree to make monthly payments in specifi…
credit
the privilege of using someone else's money for a period of t…
finance charge
the total dollar cost of credit including interest and all ot…
7 terms
Principles of Business Chapter 4-2
Contract enforcement
Elements of a valid contract:
Civil cases
What are three types of intellectual p…
Agreement to exchange goods or services for something of valu…
Agreement, competent parties, consideration, and legality.
Businesses and customers can sue for breach (violation) of co…
Patents, copyrights, and trademarks.
Contract enforcement
Agreement to exchange goods or services for something of valu…
Elements of a valid contract:
Agreement, competent parties, consideration, and legality.
19 terms
Principles of Business, Chapter 2
Budget deficit
Budget surplus
Business cycle
Deflation
a financial situation that occurs when a government spends mo…
a financial situation that occurs when a government spends le…
the movement of the economy from one condition to another and…
a decrease in the general level of prices.
Budget deficit
a financial situation that occurs when a government spends mo…
Budget surplus
a financial situation that occurs when a government spends le…
18 terms
Principles of Business - Chapter 17
Federal Reserve System
Commercial bank
Credit Union
Blank endorsement
Created by the federal government to supervise and regulate m…
Provide services such as accepting deposits, making business…
A user owned, not-for-profit financial institution. They serv…
only has the endorser's name
Federal Reserve System
Created by the federal government to supervise and regulate m…
Commercial bank
Provide services such as accepting deposits, making business…
Principles of Business 2.00 Understand the nature of business.
Custom manufacturing
Extraction and cultivation
Facilities management
Mass production
Draperies, Inc. finished organic cotton drapes for the local…
The Valero Company removes oil from the earth to be advanced.…
John renovated his restaurant to reflect the retro style of 1…
Sony produces thousands of electronics to serve international…
Custom manufacturing
Draperies, Inc. finished organic cotton drapes for the local…
Extraction and cultivation
The Valero Company removes oil from the earth to be advanced.…
13 terms
Principles of Business and Finance Lesson 17 Vocabulary
Federal Reserve System (Fed)
commercial bank
credit union
Federal Deposit Insurance Corporation…
a system set up by the federal government to supervise and re…
the most common way for a bank to be organized--they offer ch…
a user-owned, not-for-profit, cooperative financial institution
the federal agency that helps to regulate banks and other fin…
Federal Reserve System (Fed)
a system set up by the federal government to supervise and re…
commercial bank
the most common way for a bank to be organized--they offer ch…
Business Principles Mid Term Review
Buy Low, Sell High
Job Specialization
Job Rotation
Labor Force
A basic rule of thumb for being successful in the stock market.
A production technique where an employee does the same job al…
A production technique where employees move routinely between…
All members of a population that are available and eligible f…
Buy Low, Sell High
A basic rule of thumb for being successful in the stock market.
Job Specialization
A production technique where an employee does the same job al…
13 terms
Principles Of Business Ch 17 Vocabulary
Federal Reserve System (FED)
Commercial Bank
Credit Union
Federal Deposit Insurance Corporation…
system that supervises and regulates member banks and to help…
the most common way to be a organized bank, often called full…
a user owned non profit cooperative financial institution
the federal agency that helps to regulate banks and other fin…
Federal Reserve System (FED)
system that supervises and regulates member banks and to help…
Commercial Bank
the most common way to be a organized bank, often called full…
48 terms
Unit 1: Organisational principles | Chapter 4: Legal aspects of business
contract
breach of contract
offer
offeror
a specific legally binding agreement between two or more peop…
failure or refusal (by either party) to undertake the require…
the indication by one party to the other that they are willin…
the person making the offer.
contract
a specific legally binding agreement between two or more peop…
breach of contract
failure or refusal (by either party) to undertake the require…
Principles of Business 4.00 Understand the role of finance in business.
Operating
$50 net income
Operation
Operating
Alicia should use which type of budget to analyze the busines…
Last month's revenue for Tisha's Tire Company was $700 and it…
Tonya projected that her business expenses for the next six m…
Paul reviewed his company's budget for six months and determi…
Operating
Alicia should use which type of budget to analyze the busines…
$50 net income
Last month's revenue for Tisha's Tire Company was $700 and it…
44 terms
Principles of Business and Finance Objective 5.01
Credit
Trade Credit
Charge Account
Types of Charge Accounts
An agreement to obtain money, goods or services now in exchan…
Occurs when a company receives goods from a supplier and pays…
A contract between creditors and debtors. Allows debtors to r…
Regular - ex: charge acc. to singular worker... Budget - ex: cha…
Credit
An agreement to obtain money, goods or services now in exchan…
Trade Credit
Occurs when a company receives goods from a supplier and pays…
18 terms
Principles of Business 5.01
Credit
Charge account
Travel and Entertainment Credit Card
Retail Store Credit Cards
An agreement to obtain money, goods or services now in exchan…
A contract between creditors and debtors that allows debtors…
A credit card that is useful to keep a detailed record of spe…
A credit card that can only be used at the store where the ca…
Credit
An agreement to obtain money, goods or services now in exchan…
Charge account
A contract between creditors and debtors that allows debtors…
35 terms
5.01 Principles of Business
Credit
Charge Account
Credit cards
Installment credit
is an agreement to obtain money, goods or services now in exc…
is a contract between creditors and debtors. ___________ allo…
allow debtors (customers) to receive goods and services from…
is a contract issued by the seller that requires intermittent…
Credit
is an agreement to obtain money, goods or services now in exc…
Charge Account
is a contract between creditors and debtors. ___________ allo…
Principles of Business - Marketing - Terms of Sale
Terms of sale
Terms of sale types
Cash
Credit
The delivery and payment terms agreed between a buyer and a s…
Cash, Credit, Hire Purchase, Cash Discount, Trade Discount
This is preferable by most businesses and therefore customers…
Customers are allowed to pay at intervals over a short- term,…
Terms of sale
The delivery and payment terms agreed between a buyer and a s…
Terms of sale types
Cash, Credit, Hire Purchase, Cash Discount, Trade Discount
Principles Of Business 4.01 Vocabulary
Revenue
Expenses
Budget
4 Steps of the budgeting process
all income thata business receives over a period of time
costs of operating a business
provides detailed plans for the financial needs of individual…
1. prepare a list of each type of income and expense that wil…
Revenue
all income thata business receives over a period of time
Expenses
costs of operating a business
60 terms
Principles of Business Unit 3
marketing
product & service market
disturbution
selling
the action of promoting and selling products or services, inc…
designing, developing, maintaining, improving, and acquiring…
determining the best ways for customers to locate, obtain, an…
Communicating directly with potential customers to determine…
marketing
the action of promoting and selling products or services, inc…
product & service market
designing, developing, maintaining, improving, and acquiring…
25 terms
Principles of Business 4.01
Start-up
operation
cash
financial planning
the act of starting a new operation or practice
the activity of operating something (a machine or business et…
prompt payment for goods or services in currency or by check
a process used to achieve financial success based upon the de…
Start-up
the act of starting a new operation or practice
operation
the activity of operating something (a machine or business et…
Principles Of Business Chapter 11
Computer System
Hardware
Software
Computer Network
Input device, processing unit, memory and storage, output dev…
The physical elements of a computer system.
Refers to the instructions that run the computer system.
Organizations link computers together so users can share hard…
Computer System
Input device, processing unit, memory and storage, output dev…
Hardware
The physical elements of a computer system.
36 terms
Credit
Credit
Principal
interest
car loan
confidence in a purchaser's ability and intention to pay, dis…
the original money on which interest is made
A charge for a loan, usually a percentage of the amount loane…
a personal loan to purchase an automobile
Credit
confidence in a purchaser's ability and intention to pay, dis…
Principal
the original money on which interest is made
33 terms
Principles of Business obj 4.02
Deposit institutions
Commercial banks
Federal Deposit Insurance Corporation…
Savings and Loans Association
accept deposits for people and businesses and use them to fin…
Full service banks that offer a wide range of financial servi…
Protects depositors money in case of failure... Insures all a…
Specalized in savings accounts and making loans for home mort…
Deposit institutions
accept deposits for people and businesses and use them to fin…
Commercial banks
Full service banks that offer a wide range of financial servi…
65 terms
WISE - Credit
3 C's of credit
auto finance companies
balance owed
bank
capacity, character and collateral
financial organization that specializes in automobile loans t…
the amount left over after subtracting, as, for example, the…
a financial institution that accepts deposits and channels th…
3 C's of credit
capacity, character and collateral
auto finance companies
financial organization that specializes in automobile loans t…
Business Principles and Management - Exam Review part 4
promotion
retailers
target markets
wholesalers
Providing information to consumerst aht will assist them in m…
Businesses that sell directly to final consumers.
Groups of people with similar needs to whom a business plans…
Businesses that buy from and sell to other businesses.
promotion
Providing information to consumerst aht will assist them in m…
retailers
Businesses that sell directly to final consumers.
30 terms
Principles of Business Vocabulary Objective 5.01
Annual Percentage Rate
Bankruptcy
Capacity
Capital
(APR) the percentage cost of credit on a yearly basis
the legal process of reducing or eliminating an amount owed
refers to a person's ability to pay a debt when it is due
the value of a borrower's possessions, including money and pr…
Annual Percentage Rate
(APR) the percentage cost of credit on a yearly basis
Bankruptcy
the legal process of reducing or eliminating an amount owed
42 terms
Principles of Business, Marketing, and Finance - Chapter 17
financial planning
revenue
expenses
financial management
is the process of setting financial goals and developing plan…
is the earnings that a business receives for the goods and se…
the cost involved in operating a business
is a process used to manage the financial resources of a busi…
financial planning
is the process of setting financial goals and developing plan…
revenue
is the earnings that a business receives for the goods and se…
10 terms
Business Principles Budgets
budget
taxes
savings
money
A plan for making and spending money
Fees for the support of government required to be paid by peo…
Disposable income not spent for consumer goods.
Assets that people are generally willing to accept in exchang…
budget
A plan for making and spending money
taxes
Fees for the support of government required to be paid by peo…
Principles of Business and Finance: Unit 2.01
3 MAIN TYPES OF BUSINESS OWNERSHIP
SOLE PROPRIETORSHIP
SOLE PROPRIETORSHIP ADVANTAGES
SOLE PROPRIETORSHIP DISADVANTAGES
1. Sole Proprietorship ... 2. Partnership... 3. Corporation
-The business is owned and run by one person... -Owner can manag…
For the owner:... -The easiest form of business to start and end…
Limited capital... Unlimited liability ... Limited to the lifetime…
3 MAIN TYPES OF BUSINESS OWNERSHIP
1. Sole Proprietorship ... 2. Partnership... 3. Corporation
SOLE PROPRIETORSHIP
-The business is owned and run by one person... -Owner can manag…
44 terms
Principles of Business Chapter 17 Banking and Financial Services
automatic bill payment
automatic teller machine
bank money order
bank reconciliation
a service by which a bank deducts from your account and trans…
a computerized device that allows customers to make bank tran…
a form sold by a bank stating that money is to be paid to a s…
the document created to show how your own record of your chec…
automatic bill payment
a service by which a bank deducts from your account and trans…
automatic teller machine
a computerized device that allows customers to make bank tran…
15 terms
Principles of Business
Unique
visual merchandising
bank notes
target audience
a characteristic that is good for an advertisement
encompasses all the elements merchandisers use to project a s…
issued by the FED and intended to circulate as money
a particular group of people
Unique
a characteristic that is good for an advertisement
visual merchandising
encompasses all the elements merchandisers use to project a s…
DECA Principles of Business Administration Terms
Affirmations
Agency Spot-Ad
Appreciative Inquiry
Attitude
Positive statements about present of desired (personality/ski…
Used by private employment agencies to advertise job opportun…
A Problem-solving method that requires you to think positivel…
The way a person looks at life. (91)
Affirmations
Positive statements about present of desired (personality/ski…
Agency Spot-Ad
Used by private employment agencies to advertise job opportun…
39 terms
Stewart - Business Principles II - Ch12
financial records
assets
liabilities
owner's equity
financial documents that are used to record and analyze the f…
what a company owns
what a company owes
value of the owner's investment in the business
financial records
financial documents that are used to record and analyze the f…
assets
what a company owns
31 terms
Principles and Types of Business
It is important for business owners to…
Which of the following is an advantage…
The legal structure that a business ow…
Which of the following is a disadvanta…
individual goals and needs differ, which makes each business…
quick decision making
taxation rates and government regulation
limited capital
It is important for business owners to…
individual goals and needs differ, which makes each business…
Which of the following is an advantage…
quick decision making
42 terms
Credit
Credit
Principal
interest
car loan
confidence in a purchaser's ability and intention to pay, dis…
the original money on which interest is made
A charge for a loan, usually a percentage of the amount loane…
a personal loan to purchase an automobile
Credit
confidence in a purchaser's ability and intention to pay, dis…
Principal
the original money on which interest is made
36 terms
Credit
Credit
Principal
interest
car loan
confidence in a purchaser's ability and intention to pay, dis…
the original money on which interest is made
A charge for a loan, usually a percentage of the amount loane…
a personal loan to purchase an automobile
Credit
confidence in a purchaser's ability and intention to pay, dis…
Principal
the original money on which interest is made
chapter 17 principles of business
Automatic bill payment
Automatic teller machine
bank money order
Bank reconciliation
A service by which a bank deducts a payment from your account…
A computerized device that allows customers to make bank tran…
a form sold by a bank stating that money is to be paid to a s…
The document created to show how your own record of your acco…
Automatic bill payment
A service by which a bank deducts a payment from your account…
Automatic teller machine
A computerized device that allows customers to make bank tran…
chapter 17 principles of business
Automatic bill payment
Automatic teller machine
bank money order
Bank reconciliation
A service by which a bank deducts a payment from your account…
A computerized device that allows customers to make bank tran…
a form sold by a bank stating that money is to be paid to a s…
The document created to show how your own record of your acco…
Automatic bill payment
A service by which a bank deducts a payment from your account…
Automatic teller machine
A computerized device that allows customers to make bank tran…
32 terms
PB&F: 5.01 - Understand Credit Management
CREDIT
What are the FOUR MAIN TYPES OF CREDIT?
CHARGE ACCOUNTS
What are the three types of CHARGE ACC…
Definition:... -Use of someone else's money for a specified peri…
-Charge Accounts... -Credit Cards... -Installment Credit... -Consumer…
-Represents a contract between the firm offering the account…
REGULAR ACCOUNTS... BUDGET ACCOUNTS... REVOLVING ACCOUNTS
CREDIT
Definition:... -Use of someone else's money for a specified peri…
What are the FOUR MAIN TYPES OF CREDIT?
-Charge Accounts... -Credit Cards... -Installment Credit... -Consumer…
12 terms
Unit 2 Lesson 7 - cred, credit
cred-
credit-
incredible
discredit
believe
believe
hard or impossible to believe
Injure the reputation of, destroy credibility of or confidenc…
cred-
believe
credit-
believe
DECA Principles of Business Administration Terms
Affirmations
Agency Spot-Ad
Appreciative Inquiry
Attitude
Positive statements about present of desired (personality/ski…
Used by private employment agencies to advertise job opportun…
A Problem-solving method that requires you to think positivel…
The way a person looks at life. (91)
Affirmations
Positive statements about present of desired (personality/ski…
Agency Spot-Ad
Used by private employment agencies to advertise job opportun…
68 terms
Business Principles C6 Info
Two keys factors in starting your own…
Do entrepreneurs need to be a certain…
Many entrepreneurs own their first bus…
More business owners are ________, but…
entrepreneur
no
teens
male
Two keys factors in starting your own…
entrepreneur
Do entrepreneurs need to be a certain…
no
Interpreting for Business (Spanish) - Quizlet 4B
letter of credit (L/C)
terms of payment
shipment
confirmed letter of credit
la carta de crédito
las condiciones de pago
el envío o el embarque
la carta de crédito confirmada
letter of credit (L/C)
la carta de crédito
terms of payment
las condiciones de pago
29 terms
Principles Of Business and Finance 4.01
Last year's revenue for Zoe's Company…
Ford motor company determined it can a…
Using Figure B, what is the current ra…
Kate projected that her business reven…
$12,000 net income
Expansion
1.23
Operation
Last year's revenue for Zoe's Company…
$12,000 net income
Ford motor company determined it can a…
Expansion
36 terms
Principles of Accounting I: Quiz 1
Accounting Equation
Assets
Liabilities
Owners' Equity
Assets = Liabilities + Owners' Equity
Economic resources that are owned by a business and are expec…
financial obligations or debts. They represent negative futur…
Owners' claims on the assets of the business. Does not repres…
Accounting Equation
Assets = Liabilities + Owners' Equity
Assets
Economic resources that are owned by a business and are expec…
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