Markets and Finances

Generally accepted for payment for goods and services.

• Store of Value

• Medium of Exchange

• Unit of Account

Sometimes corporations but also people who lend money.

• Lender

• Borrower

• A Bookie

Those who want to borrow money to purchase items such as houses and items.

• Borrower

• Lender

• Relative

Old method of exchange. People exchange services and goods for other services and goods in return.

• Gold Standard

• Capital

• Barter System

A person who recognizes a business opportunity and organizes, manages, and assumes the risks of starting and operating a business is known as what?

• Entrepreneur

• Chief Financial Officer

• Sole Proprietorship

Which is not the main 4 types of businesses?

• Dot.com/Internet

• Sole Proprietorship

• Corporation

• Partnership

• Hybrid

Owners pay taxes on their income, and as stockholders, they also pay taxes on profits issued to them is called what?

• Limited Taxation

• Sales Taxation

• Double Taxation

• Excise Taxation

When a Company Needs a State Charter. Where do they go to get it?

• State charters are from where the main office will be located for a corporation.

• State charters come from the city where the corporation will be located.

• State charters are from the Federal Government

Equity is the difference between the value of assets/interest and the cost of what?

• Debt you need to pay.

• liabilities of something owned.

• the percentage of principal.

Which of the following doesn't influence markets?

• Technology Innovation

• Natural Disasters

• Transport Conditions

• Another Market from another country