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Civics Ch 14/15
see title
| Question | Answer |
|---|---|
| Ch 14 Sec 1 Interest | The payment for the use of capital. |
| Ch 14 Sec 1 Supply | The amount of a product that producers are willing and able to offer at different prices. |
| Ch 14 Sec 1 Demand | The amount of a product or service that buyers are willing and able to buy at different prices. |
| Ch 14 Sec 1 Market Price | The price at which buyers and sellers agree to trade. |
| Ch 14 Sec 2 Entrepreneur | A person who starts a business. |
| Ch 14 Sec 2 Sole Proprietorship | A business owned by an individual |
| Ch 14 Sec 2 Partnership | A type of business in which two or more people share ownership |
| Ch 14 Sec 2 Corporation | A business that is separate from the people who own it and legally acts as a single person |
| Ch 14 Sec 3 Labor Unions | Organizations of workers that seek to improve wages and working conditions and to protect members' rights. |
| Ch 14 Sec 3 Collective Bargaining | The process by which representatives of the unions and business try to reach agreement about wages and working conditions |
| Ch 14 Sec 3 Boycott | To refuse to buy something |
| Ch 14 Sec 3 Strike | When workers refuse to work unless employers meet certain demands |
| Ch 15 Sec 1 Fringe Benefits | Indirect payments for work |
| Ch 15 Sec 1 Dividends | Payments from the profits of companies in which they own stock |
| Ch 15 Sec 1 Disposable Income | The amount of money left after taxes has been payed |
| Ch 15 Sec 1 Fixed Expenses | Expenses that have to be paid regularly, usually every month such as rent and car payments |
| Ch 15 Sec 1 Variable Expenses | Expenses that change form month to month |
| Ch 15 Sec 2 Warranty | A manufacturer's promise to repair it if it breaks within a certain rime from the date of purchase |
| Ch 15 Sec 2 Liquidity | The ability to turn savings back into cash |
| Ch 15 Sec 2 Time Deposit | A savings plan with a set length of time that you must keep your money in your account |
| Ch 15 Sec 2 Insurance | A plan by which a company gives protection from the cost of injury or loss |
| Ch 15 Sec 3 Career | the occupation for which you train and which you pursue as your life's work |
| Ch 15 Sec 3 Occupational Outlook Handbook | A guide published by the Department of Labor Bureau of labor Statistics |
Created by:
bluebunny7
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