What is a tax?
GFL State Review #5

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•
Business
•
11th Grade
•
Hard
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17 questions
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1.
FLASHCARD QUESTION
Front
Back
contribution to government revenue
2.
FLASHCARD QUESTION
Front
What is it called when making one choice to gain a benefit or opportunity, while knowingly losing another opportunity?
Back
Trade-Off
3.
FLASHCARD QUESTION
Front
An assessment of the creditworthiness of a borrower in general terms or with respect to a financial obligation.
Back
Credit Rating
4.
FLASHCARD QUESTION
Front
An expense that does not change when sales or production volumes increase or decrease.
Back
Fixed Cost
5.
FLASHCARD QUESTION
Front
Laws that protect consumers against unsafe and/or deceptive business practices
Back
Consumer Rights
6.
FLASHCARD QUESTION
Front
A _______________ ____________ is a detailed report of a person's credit history.
Back
credit report
7.
FLASHCARD QUESTION
Front
The shorter your term length, the (higher/lower) your monthly payments, and the (higher/lower) the total interest you will pay.
Back
Higher/lower
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