FTCE Business Education 6-12 SECRETS Study Guide Book Exam With Complete Solutions!

Command Economy - ANSWER-A system in which the central government makes all economic decisions. Securities and Exchange Commission (SEC) - ANSWER-Responsible for regulating securities, investigating insider trading, and processing applications for public offerings (IPOs) of stock. The demand of a product is directly influenced by: - ANSWER-Customers desire for a product and a Customers ability to obtain a product The Sarbanes-Oxley Act of 2002 was intended to... - ANSWER-Fight corporate and accounting fraud Buyers Market - ANSWER-A market in which product availability exceeds demand. Maslow's Hierarchy of Needs - ANSWER-Physiological, safety, love/belonging, esteem, self-actualization. NAFTA (North American Free Trade Agreement) - ANSWER-Allows open trade between the US, Mexico, and Canada. Debt Repayment History - ANSWER-A consumers credit score is directly influenced by. World Trade Organization (WTO) - ANSWER-The international community primarily rely to deal with claims of unfair protectionism by one county against another. Lower Labor Costs - ANSWER-Biggest factor that leads American companies to manufacture their products overseas in developing countries like China and India Sole Proprietorships - ANSWER-Assets= Liabilities + Owners equity PowerPoint - ANSWER-Used for presentations and business plans. Depreciation - ANSWER-A decrease or loss in value. Personal Income Tax - ANSWER-Taxes imposed on income earned Franchise - ANSWER-Person pays a company for the right to recreate their business. Using the same business model, name, products, style and look. Par Value of A Bond - ANSWER-Amount paid when the bond matures. Freddie Mac (1970) - ANSWER-Expanding opportunities for home ownership. Emerging Markets - ANSWER-Countries in the process of growth. In the process of rapidly industrializing.