Unit 7
Ephesians 6:9
"And ye, master, do the same things unto them, forbearing threatening: knowing that your Master also is in heaven; neither is there respect of persons with him."
Romans 13:18
"Owe no man anything."
Leviticus 9:13
"Thou shalt not defraud they neighbor, neither rob him: the wages of him that is hired shall not abide with thee all night until morning."
Board of Governors, Federal Open Market System
A ___ and the ___ oversee the operation of the Fed.
reorganization
A chapter 13 bankruptcy is known as ___.
liquidation
A chapter 7 bankruptcy is known as ___.
Rebate
A deduction from a full purchase that is repaid to the consumer is called a ___.
1 Timothy 5:8
Financial responsibility in the home is found in the Bible passage of ___.
Matthew 17:27
Jesus taught financial responsibility to the government in ___.
building laws, zoning laws, fire codes
Local regulations
Entrepreneurial management
Making decisions that affect the future of a business.
12 Federal Reserve Banks
More than one-third of the checks written in the U.S. are processed by the ___.
electric companies
One example of a monopoly that isn't functioning to drive prices up and competitors out is ___.
licensing, price regulations, health approvals
State regulations
1978
The Airline Deregulation Act was put into effect in ___.
1913
The Fed was started in ___.
checking
The U.S. Treasury keeps a ___ account with the Federal Reserve.
Department of Commerce
The ___ promotes job creation and economic growth.
Federal Communications Commission
The ___ regulates radio and television to the extent of licensing stations and policing programming.
Sherman Antitrust Act of 1890
The ___ was an anti-monopoly act which awarded the victim of the monopoly three times the amount that his business lost.
Operational management
The day-to-day operation of a business.
purchasing, technological advances
The purpose of deregulation is to open up the doors of competition to many businesses in order to offer consumers greater choice in ___ services or products, to lower rates, and to encourage ___ through competition.
lien
The right to take, sell, or hold property as security or payment for a debt.
profit or loss
The test of an entrepreneurial decision is whether or not there is a recognizable ___.
Entrepreneurial and operational
What are the two aspects of management?
return policy, warranty
When shopping, be sure to check prices on comparable items and the store's ___ and ___.
California
___ was the first state to undertake the restructuring of the electric utility industry on a state-wide basis.
