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Vocabulary
more Biz-town words
20
Spelling
6th Grade
11/15/2009

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Cards

Term
innovative solutions
Definition

creative ideas for solving problems that are put to use.

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Term
interest
Definition

a fee recieved for the use of money

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Term
interests
Definition

Things that a person likes to do.

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Term
internship
Definition

a short-time, career-related, work experence for students. May be with or without pay.

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Term
inventory
Definition

goods that a business has in stock to sell

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Term
job shadow
Definition

following a worker who is performing job duties

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Term
loan
Definition

an amount of money usually borrowed by someone that has to be repaid, usually with interest.

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Term
market
Definition

a system in which people and businesses buy and sell goods and services.

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Term
natural resources
Definition

things used in production that occer naturally in the world, such as water

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Term
negotiation
Definition

the process of two or more people, who may dissagree at first, working together to solve a problem

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Term
net deposit
Definition

the amount of money deposited into an account, minus any cash recieved

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Term
net pay
Definition

gross pay minus any taxes and other payroll deductions

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Term
nonprofit organizations
Definition

institutions developed to increase the well-being of others in certain areas such as education, religion, health, and other good causes

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Term
opportunity cost
Definition

the value of the next best alternative given up when the choice is made

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Term
pay stub
Definition

the part of the paycheck that is retained by the employee as a record of pay and payroll deductions

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Term
payroll tax
Definition

a tax on an employee's pay

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Term
philanthropy
Definition

the effort to increase the well-being of people through chariatable giving

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Term
private goods and services
Definition

goods and services that are exchanged in markets for a price

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Term
profit
Definition

the money that is left over after a business pays off all it's costs

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Term
promissory note
Definition

a promise to repay a loan within a certain time period

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