Vocab Recall

4. a firm with no competitors within its industry
5. pay the total amount of money earned before deductions of taxes taken
6. things that you must have to survive
8. money borrowed from a lender
9. anything that is generally accepted as payment
10. tool for managing money to achieve short and long term goals
14. owner of property who rents it
18. money set aside in a budget for specific purposes
19. money deposited in a bank
20. distribution of the after tax earnings that are distributed to company shareholders

1. a set of related work experiences that are built over time
2. an item of value pledged as a guarantee for payment of a loan which
3. a form of incentive pay given by an employer
7. a valid offer and acceptance
8. refers to the speed with which an asset can be sold without hurting its value
11. a rivalry between 2 or more companies trying to sell products to the same consumers or market
12. when a report is filed with insurance so insured party may be compensated
13. a measure of the amount of output based on the amount of inputs used
15. money or other items of value that a person owns
16. offers a percentage off a regular priced product
17. resources that go into producing a product