Chapter 6 & 8 Review

A franchise is

A bank minimum balance account with check access that pays higher interest is called a

What is inventory?

Bonds issued by local and state governments are called

The difference between a Roth IRA and a regular IRA is

Stocks are ownership and bonds are

Money made on a stock transaction is called a

A well known stock index is

Corporations hold the most money in the U.S.

Expenses minus receipts= profits

Preferred stock has voting rights by the stockholders.

A corporate license to operate is known as a

A profit on a stock is a

The government agency that insures bank accounts is the

Diversification means

A limited partnership means all partners are equal.

Sole proprietorships have limited liability.

An investment fund that pools the money of investors is called a

The length of a time period for an investment is the

Bonds are less risky in general than stocks.

A US Treasury investment that has the longest maturity is called a

An entrepreneur who has a startup is

What is the oldest and most common form of business?

The government agency that monitors the stock market is called the

A retirement plan for self employed people is called a

US stocks not listed on the NYSE are listed on the

A retirement plan where your company contributes is called a(n)

A joint venture is a temporary partnership.

A financial statement from a corporation is called a

People running corporations on a daily basis are selected by the