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IBT FinalStudyGuide4
Intro to Business Final Exam Study Guide
| Term | Definition |
|---|---|
| 34. Deposit slip | A paper slip that banks use with customers for the purpose of depositing funds into their accounts. |
| 35. Credit limit | a maximum amount that may be owed at one time. |
| 36. Liability insurance | protection against losses from injury to people or property resulting from the products, services, or actions of a business. |
| 37. Group insurance | health insurance coverage offered to a large number of employees and their family members. |
| 38. Premium | the amount a policyholder must pay for insurance coverage. |
| 39. Human resources goals | goals that a human resources worker has for dealing with employees such as matching abilities with jobs, maintaining a satisfying work environment, and protecting the health and well-being of employees. |
| 40. Blue-collar worker | workers who are involved in physical work, including the operation of machinery and equipment or other production activities. |
| 41. Employee orientation | the final step in the hiring process to help the new employee get a good start in the company. |
| 42. Unemployment rate | the portion of people in the labor force who are not working. |
| 43. Personal income | salaries and wages as well as investment income and government payments to individuals. |
| 44. Job analysis | a specific study of a job to identify in detail the job duties and skill requirements. |
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