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Money Management
Money Management
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Money Management
Flashcards
45 cards
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Questions
45
Answers
1
What local, state, and federal laws impact small business?
GEORGIA & Medicaid expansion
NEW MEXICO & Medicaid expansion
FLORIDA & Medicaid expansion
I DON'T KNOW
2
A SERIES OF CONNECTED EDUCATION AND TRAINING PROGRAMS
CSA
CAREER PATHWAY
TEAM EVENT
BAA
3
How do I analyze risk in order to make insurance decisions?
I DON'T KNOW
deciding whether or not to move forward with a project
SEEM LEGIT
identify the risks
4
What careers are available in my chosen career pathway?
TEACHER
you may chose which path you would like to take
I DON'T KNOW
STUDENTS
5
MEASURE TAKEN TO PREVENT A SITUATION INVOLVING EXPOSURE TO DANGER
RISK MANAGEMENT
RISK
INSURER
PERIL
6
What specific legal areas commonly affect personal and business relationships?
I DON' KNOW
CONTRACT
FBLA
criminal law
7
Why should I participate in FBLA competition?
IF A THEY FORCE ME TO
I DON'T KNOW
to expand your educational opportunities with certifications
GET DISACCOUNT
8
A PERMIT FROM AN AUTHORITY TO OWN OR USE SOMETHING
PATENT
COPYRIGHT
LICENSE
PERMIT
9
COMPANY THAT OFFERS THE INSURANCE
LIABILITY
CLAIM
INSURER
COVERAGE
10
What is risk and how is it managed?
A SITUATION INVOLVING EXPOSURE TO DANGER AND BE ALERT
DATING GIRLS AND BE ALERT
Risk is the chance of exposure to injury or loss & BE ALERT
I DON'T KNOW
11
THE LIKELIHOOD THAT SOMETHING WILL HAPPEN.
CLAIM
POLICY
PROBABILITY
RISK
12
A FINANCIAL INSTITUTION THAT FUNDS THEIR INVESTMENT ACTIVITIES FROM SALES
COMMERCIAL BANK
SAVING AND LOAN ASSOCIATION
CREDIT UNION
NON-DEPOSITORY
13
WRONGFUL OR CRIMINAL DECEPTION INTENDED TO RESULT IN FINANCIAL GAIN
FRAUD
CONTRACT
ARSON
LICENSE
14
A LARGE BANK THAT PURCHASES LARGE HOLDINGS OF NEWLY ISSUED SHARES
COMMERCIAL BANK
COLLATERAL
INVESTMENT BANK
CREDIT UNION
15
What legal requirements apply to starting and running a business?
DON'T CARE JUST DO IT
Need special permit of the following apply to your business
CONTRACT
up to human resource managers
16
AN ESTABLISHMENT THAT FOCUSES ON DEALING WITH FINANCIAL
DEPOSITORY
FINANCIAL INSTITUTION
COMMERCIAL BANK
CREDIT UNION
17
A SITUATION INVOLVING EXPOSURE TO DANGER
RISK
RISK MANAGEMENT
INSURANCE
POLICY
18
AN ESTIMATE OF INCOME AND EXPENDITURE FOR A SET OF PERIOD OF TIME
CREDIT UNION
DEPOSITORY
FINANCIAL INSTITUTION
BUDGET
19
What services do banks offer?
depository and non-depository
Banks provide many more services than simply cashing
Banks provide many more services than simply cashing a check
I DON'T KNOW
20
OBLIGATION TO PAY
RISK
PERIL
LIABILITY
CLAIM
21
What types of crime generally affect business and what can business do to help deter them?
BANKRUPTCY
I DON'T KNOW
FRAUD AND LARCENCY
burglary and robbery
22
How can I go about recruiting, hiring, and retaining employees for a business?
I DON'T KNOW
APPLY IF YOU WANT TO, IT'S NOT LIKE WE'RE FORCING YOU
DO A SURVEY
the cost of hiring a job applicant, factoring in advertising
23
THEFT OF PERSONAL PROPERTY
FRAUD
LARCENY
CONTRACT
ARSON
24
How will FBLA membership help in my personal and professional development throughout my career?
FBLA helps students develop the skills to succeed business
I DON'T KNOW
benefits of professional development
DON'T REALLY CARE
25
What is contained in my credit report and how does it affect me and my business?
I DON'T KNOW
SMALL AMOUNT OF 1 MILLION
LARGER SUM OF MONEY
Credit Score
26
NONPROFIT-MAKING MONEY COOPERATIVE WHOSE MEMBERS CAN BORROW
CREDIT UNION
BUDGET
COLLATERAL
DEPOSITORY
27
AN INSTITUTION THAT ACCEPTS SAVINGS AT INTEREST AND LENDS MONEY TO SAVERS
COLLATERAL
INSURANCE
CREDIT UNION
SAVINGS AND LOAN ASSOCIATION
28
What are some basic insurance concepts I need to understand?
POVERTY Insurance, Liability Insurance Auto Insurance
Workmen's Compensation Insurance
Property Insurance, Liability Insurance Auto Insurance
I DON'T KNOW
29
What are the types of financial institutions and how do their functions differ?
I DON'T KNOW
Credit Unions,Savings and Loans Association,Commercial Banks
Depository institutions accept deposits from customers
Credit Unions,Savings and Loans Association,
30
Why is community service important both personally and professionally?
IDK
students, faculty, and the community
It promotespersonal growth and self esteem.
SEEM LEGIT
31
ANY FINANCIAL INSTITUTION IN THE UNITED STATES
INVESTMENT BANK
DEPOSITORY
COMMERCIAL BANK
CREDIT UNION
32
What kinds of insurance does a business need?
I DON'T KNOW
Property Insurance
Liability Insurance
insurance terminology to aid our understanding
33
ONE WHO IS COVERED BY AN INSURANCE POLICY
HAZZARD
INSURED
INSURER
PERIL
34
A RISK MANAGEMENT TECHNIQUES THAT INVOLVES THE TRANSFER OF A RISK
CLAIM
INSURANCE
POLICY
POLICY HOLDER
35
How are budgets created?
Many services that can aid the money manager in these tasks.
i dont know
The budget looks at the money coming in and going out.
Money manager compare and control budget by making decisions
36
ENTRY INTO A BUILDING ILLEGALLY WITH INTENT TO COMMIT CRIME
ARSON
ROBBERY
BURGLARY
FRAUD
37
A DEMAND OR REQUEST FOR SOMETHING CONSIDERED ONE'S DUE
PERIL
INSURER
HAZARD
CLAIM
38
FBLA COMPETITIVE EVENT FOR INDIVIDUAL COMPETITORS
TEAM EVENT
CSA
BAA
CAREER CLUSTERS
39
A COMMERCIAL BANK OFFERS SERVICES TO THE GENERAL PUBLIC
CREDIT UNION
COMMERCIAL BANK
INVESTMENT BANK
COLLATERAL
40
A DANGER OR RISK
COVERAGE
CLAIM
HAZZARD
PERIL
41
What competitive events does this course help me prepare for?
prepare for competitive event local state, & national level
TO GRADUATION
I DON'T KNOW
MATH
42
A CONTRACT BETWEEN THE INSURER AND THE INSURED
CLAIM
POLICY
CONVERGE
POLICY HOLDER
43
How has online and mobile banking changed banking for the bank and for the consumer?
I DON'T KNOW
Tech make banking accessible & reducing costs for consumers.
The greater the risk and the possible amount of loss
companies are in the business of making loans.
44
SERIOUS AND IMMEDIATE DANGE
PERIL
RISK
CLAIM
POLICY
45
AMOUNT PAID OUT OF POCKET BEFORE INSURANCE PAYS
DEDUCTIBLE
PERIL
CLAIM
INSURED
