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DECA FINANCE Flashcards | StudBud
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DECA FINANCE
inventory system
money market
DECA FINANCE
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DECA finance flashcards NKHS business club 2016-2017
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1
money market
refers to the status of the stock market when its up
banks, money lenders (etc.) who lend money among themselves
US currency in other foreign countries (Mexico, Europe)
the status of your financial situation
2
inventory system
the amount of income vs outcome
10/10 businesses use it worldwide every year
inventory system where business keep track of # of each item
cash flow system
3
what is financial information management
income tax
evaluating credit, loans or other financial activities
credit score
the desire to be an owner of a company
4
what are savings
bankruptcy
blue chip, defensive, growth stocks
amount of money you spend
portion of income not spent on essentials
5
what is defination of financial position
the location where you meet in the bank to talk to a teller
the bank in which you belong to
status of assets, liabilites and ownerś equity in business
wall street stock market
6
risk management
managing risk
control business for leagal reasons and safety of community
the bigger the risk, the higher the return
person hired by business to analyze amount of risk in a sale
7
what is costing
regression
determine cost of production by assigning expenses to stages
buying
managing your money
8
creditor
entity that provides capital to debtors for for conpensation
credit cards
wall street worker
a line of credit
9
what is a debtor
a tax put in place by the government
someone/thing that owes money or goods to another
the money you earn from working
debt
10
estate tax
the amount of money you pay to loan for a home
a tax paid on wealth, collected after a person has died
taxes you pay on pools, trampolines, water slides, etc.
amount of money you r taxed based on the size of ur property
11
what is expenditure
the study of finance
payment of cash for goods or services to meet an obligation
a way of trying to gain attention for yourself or a cause
the study of the stock market
12
sales tax
the difference between buying a bike and a car
charge on customers as a % of price of item being baught
not used for anything
the lower the cost = the higher the tax
13
what is the tax law
a person is paid for their work
the area of law that governs taxation
a law created in 2010
more tax = less money u make
14
what is accounting
opportunity cost
system that monitors some1/thing on their financial standing
the stock market
the study of money
15
what is financial globalization
currency exchange
inflation in different countries
New deca chapters
worldwide development of business related ideas implement
16
compliance
needs vs wants
agreement between you and boss
sales tax
vendor meets terms/ standards of a contract
17
external risk
possibility of loss,damage, injury outside of business
liabilities vs assets
the opposite of defensive stocks
the volatility of a stock
18
what is the perpetual inventory system
entrepreneurship studies
system that keeps track of the number of items in inventory
keeps track of the hours your employees work
background check on potential employee
19
voluntary compliance
being a responsible business man
assumption that taxpayers will stay in compliance w tax laws
being given a leadership position for a specific job
always trying your best
20
consolidation
2 or more business converting into a new business
sum of money given to you by your company when someone dies
a letter from a friend expressing grief
a secret agreement between you and your boss
