Government part 7

1 Clayton Antitrust Act 2 commerce 3 competitive 4 divestiture 5 ethic 6 incentive 7 merger 8 monopoly 9 production 10 trust

1 A 1914 legislation that dealt against monopolies, particularly in the area of price-fixing. 2 Commercial transactions between a customer and a seller. 3 Contesting one another; the act of businesses which are fighting for the consumer's dollars. 4 The dividing, sale, or liquidation of a corporation. 5 A principle or value. 6 An encouragement to strive for higher goals or profits. 7 The combining of two or more corporations or businesses. 8 Exclusive financial control of a market. 9 Output; the result of manufacturing. 10 Unofficial mergers formed to control prices and production in the marketplace.

1 acting ethically 2 Caveat Emptor 3 commentator 4 coupon 5 impulse buying 6 inventory 7 odometer 8rebate 9 return policy 10 warranty

1 Acting within the good principles of society and within the accepted rules of proper behavior. 2 Latin phrase means "let the buyer beware"; buyer of defective goods cannot hold seller legally responsible. 3 A news broadcaster or reporter who adds analysis after reporting. 4 Printed certificates which offer the bearer certain financial advantages such as discounts or rebates. 5 Buying without planning or forethought; "on the spot" purchase. 6 A detailed accounting of all the goods in stock. 7 An instrument used to measure the distance traveled by a vehicle. 8 A deduction from a full purchase amount that is repaid to the consumer. 9 Product may be brought back by the purchaser to the seller for an exchange. 10 A guarantee that is legally binding to the company that issues it.

1 building standards 2 compensate 3 contract 4 fire code 5 inflation 6 licensing 7 purchasing power 8 regulations 9 wage-price spiral 10 zoning laws

1 Codes and rules instituted for the safety of a structure and the well-being of its inhabitants. 2 To make payment to; to financially award a person. 3 Legally binding written agreement between purchaser and seller. 4 Specifications and safety measures required for buildings to protect against fire. 5 A continuing increase in prices and weakening of the purchasing power of money. 6 Granting of official permission to perform a business. 7 Money's actual worth for buying products. 8 Restrictions and rules governing business conduct. 9 Wage increases that compete with higher consumer prices in an ever-escalating upturn. 10 Specific district allowances and restrictions, usually governing the flow of business.

1 Banking service where a customer can write checks against the money he has available in his name. 2 For-profit banks open to the public for saving accounts, loans, and other financial activity. 3 A governmental regulation; a mandate which is instituted to safeguard the purchaser. 4 Federal reserve-set interest rate to determine the amount needed to pay back the loan. 5 Central banking system of the U.S.; duties include a watchdog role in regulation of banks. 6 A government investment in businesses, guaranteeing repayment. 7 Purchase or sale of government securities, regulates the money that banks can lend. 8 Money the Fed needs to have as a balance; change determines amounts banks repay, or retain. 9 Banking service in which a customer is awarded interest on time he has kept money in the bank.

1 checking 2 commercial bank 3 consumer protection laws 4 discount rate 5 Federal Reserve System 6 government securities 7 open-market operations 8 reserve requirements 9 saving

The exhortation by Paul in Romans :8 is: Owe no man any thing, but to love one another: for he that loveth another hath fulfilled the law. This simply means that continual debt is not pleasing to the Lord.

13

Involves the risk factor of a business.

Entrepreneurial management

Paul wrote, "And, ye masters, do the same things unto them, forbearing threatening: knowing that your Master also is in heaven; neither is there respect of persons with him" ( ________ 6:9).

Ephesians

Deregulated Investor Owned Utilities are known as .

IOU's

Check the boxes that are TRUE.

If the car dealer will not or cannot show you the repair orders or identity of former owner, you should not buy the car, Have a mechanic friend look for hidden damage repairs on "new" (and used) cars

What is entrepreneurship?

It is making decisions that affect the future of a business.

"Thou shalt not defraud thy neighbor, neither rob him: the wages of him that is hired shall not abide with thee all night until the morning" ( ________ 19:13).

Leviticus

Is concerned with the day-to-day activities and decisions of a company.

Operational management

In a bankruptcy, the priority debts -- the debts that the court feels should be paid first -- are paid, then the unsecured debts are added up.

Timothy

A and the Federal Open Market Committee oversee the operation of the Fed.

board of governors

In 1914, the Clayton Antitrust Act prevented a merging of corporations to have intertwined

boards of directors

How does inflation affect businesses? In the first place, it hurts all creditors, but it helps:

debtors

1 deregulation 2 hub 3 mega-merger 4 price-setting standard 5 proponents 6 restructuring 7 service 8 Sherman Antitrust Act of 1890 9 technological advance

deregulation hub mega-merger price-setting standard proponents restructuring service Sherman Antitrust Act of 1890 technological advance

Some businesses have stricter guidelines, and even have their prices regulated. These price-regulated businesses are normally monopolies like .

electric companies

All monopolies are bad.

false

In a Chapter 13 proceeding, the debtor surrenders his nonexempt property for division among his creditors.

false

Inflation = Less money + More goods.

false

Pennsylvania was the first state to undertake the restructuring of the electric utility industry on a state-wide basis.

false

The Marshall Plan was an anti-monopoly act which awarded the victim of a monopoly three times the amount that his business lost.

false

When banks borrow money from a Federal Reserve Bank, they are given a certain interest rate to pay back the loan. If the Federal Reserve System raises the rate of interest, the banks will find it:

harder to make loans

Inflation is an economic condition in which the:

money supply is increasing faster than the supply of goods and services.

In a(n) , one company, or even a small group of cooperating companies has control of the supply of a product or service.

monopoly

The Federal Communications Commission regulates:

radio and television to the extent of licensing stations and policing programming

A Chapter 13 bankruptcy filing is called what?

reorganization

Week by week the finances in this country can change, so the selling and buying of helps to maintain equilibrium.

securities

The end-of-year White Sale is a big chance for savings. What is usually on sale?

sheets and bedding

"Acting ethically" is acting within the good principles of society and within the accepted rules of proper behavior.

true

After passage of the 1996 deregulation law, the Baby Bells started merging with each other, and two of them attempted to re-merge into AT&T ® .

true

In a bankruptcy, the priority debts -- the debts that the court feels should be paid first -- are paid, then the unsecured debts are added up.

true

In deregulation, government loosens controls and allows other companies to enter the market.

true

In getting a rebate, the original receipt may be required.

true

Monopolies are judged by how strong the competition is.

true

The Fed works to keep the balance of financial strength at a good level by keeping interest rates low in recessions and letting them rise in economic "boom" times.

true

The U.S. Treasury keeps a checking account with the Federal Reserve.

true

The responsibility to pay debts and due notes is called financial obligation.

true

`Jill's business co-workers are joining her in negotiating for higher wages since the prices at the supermarket have risen in the last 6 months. This increase in salary is known as a:

wage-price spiral