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| a business owned and run by one person |
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| owner is personally and fully responsible for all losses and debts of the business |
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| a stock of finished goods in reserve |
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| the firm legally ceases to exist when the owner quits, dies, or sells the business |
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| a business that is jointly owned by two or more persons |
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| a partnership in which all persons are responsible for management and financial responsiblities equally |
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| at least one partner is not active in the daily running of the business |
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| a form of business recognized by law as a seperate legal entity with all the rights of an individual |
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| a government document that gives permission to create a corporation |
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| ownership certificates in a firm or business |
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| a check that transfers a portion of the corporations earnings to the stock holder |
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| represents the basic ownership of a corporation |
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| represents nonvoting ownership shares of the corporation |
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| a written promise to repay the amount borrowed at a later date |
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| the price paid for the use of another's money |
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| stockholders pay twice as much tax on dividends |
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Definition
| a combination of two or more businesses to form a single firm |
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Definition
| a report showing a businesses sales, expenses, net income, and cash flow |
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Definition
| the funds left over after all the firms exenses including taxes are subtracted from its sales |
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| a noncash charge the firm takes for the general wear and tear on its capital goods |
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| the sum of net income and noncash charges |
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Definition
| when firms that produce the same kinds of goods and services join forces |
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Definition
| when companies involved in different stages of manufacturing or marketing join togehter |
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| a firm that has a least four businesses each making unrelated products to one another |
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Definition
| a corporation that has manufacturing or service operations in a number of different countries |
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Definition
| works in a business like way to promote the collective interest of its members rather than seek financial gain for its owners |
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Definition
| a voluntary assocation formed to carrry on some kind of economic activity that will benefit its members |
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| a financial organization that accepts deposits from and makes loans to employees from a particular company or government agency |
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| an organization of works formed to represent its members interests in various employment matters |
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| consists of people in a specialized occupation interested in improving the working conditions |
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| an organization that promotes the welfare of its member businesses |
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| a nonprofit organization sponsored by local businesses; it provides general info on companies and keeps a record of complaints |
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| municipal company that offers products such as water, sewage, and electric service to the public |
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| french term meaning "allow them to do" |
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Definition
| the nature and degree of competition amoing firms doing business in the same industry |
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Definition
| a market structure characterized by a large number of well informed independant buyers and sellers who exchange identical products |
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Definition
| the market structure that has all the conditions of perfect competition except for identical products |
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| real or perceived differences between competing products in the same industry |
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Definition
| the use of advertising and giveaways or promotions designed to convince buyers that the product is somehow unique |
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| market structure in which a few very large sellers dominate the industry |
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Definition
| agreeing to charge the same price for a product |
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Definition
| a market structure with only one seller of a particular product |
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Definition
| a market situation where the costs of production are minimized by having a single firm produce the product ex. electric company |
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Definition
| monopoly based on the absence of other sellers in the area |
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| monopoly based on ownership of a method, process, or scientific advancement |
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Definition
| owned and operated by the government |
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| harm, cost or inconvenience suffered by a third party because of actions by others |
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| a benefit someone receives who was not involved in the activity that generated a benefit |
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| a document showing that an investor has made an interest bearing loan to a bank; also known as a CD |
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| a firm that specializes in making loans directly to consumers |
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Term
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Definition
| a fund set up to collect income and disburse payment to those persons eligible for retirement, old age, or disability benefits |
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Definition
| the degree to which the outcome is uncertain but a probable outcome can be estimated |
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Definition
| a formal long term contract that requires repayment of borrowed money and interest on the borrowed funds at regular intervals over time |
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Term
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Definition
| the stated interest on the debt |
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Definition
| the principal or total amount borrowed that must be repayed |
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Term
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Definition
| the annual interest divided by the purchase price |
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Term
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Definition
| exceptionally risky bonds with a S&P rating of BB or lower |
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Definition
| issued by state and local governments |
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Term
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Definition
| federal government does not tax the interest paid to investors |
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Term
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Definition
| low denomination nontransferable bonds issued by the US government that are also called EE bonds |
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Term
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Definition
| bond that issued that has a maturity somewhere between 2 and 10 years |
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Term
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Definition
| bond issued by US government that as a maturity between 10 and 30 years |
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Term
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Definition
| short term bond that lasts either 4, 13, 26, 52 weeks. |
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Term
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Definition
| long term tax sheltered time deposit that can be set up as part of an individual retirement plan |
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Term
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| market in which money is loaned for more than one year |
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Term
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Definition
| person who buys and sells stocks for clients |
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Term
| efficient market hypothesis |
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Definition
| the argument that stocks are usually priced correctly and that bargains are hard to come by |
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Term
| portfolio diversification |
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Definition
| the practice of holding a large number of different stocks so that increases in some stocks can offset declines in others |
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Definition
| a company that sells stocks in itself to individual investors |
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Definition
| a tax deferred investment and savings plan that acts as a personal pension fund for employees |
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Definition
| a place where buyers and sellers meet to trade stocks |
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Definition
| an electronic marketplace for securities that are not traded on organized exchange |
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Term
| dow jones industrial average |
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Definition
| the most popular and widely publicized measure of stock market performance |
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Term
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Definition
| uses 500 stocks from across the market to decide how the market is doing |
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Definition
| a strong upward moving market |
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| a strongly downwardly moving market |
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Definition
| buying and selling that takes place in the present and the current price |
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Definition
| an agreement to buy or sell at a specific future date at a predetermined price |
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Definition
| the right to buy something at a specific future price |
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Definition
| the right to sell something at a specific future price |
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