Strand3
Help!
|
|
||||
|---|---|---|---|---|---|
| Transfer of risk | A risk management and control strategy that involves the contractual shifting of a pure risk from one party to another.
🗑
|
||||
| Insurance | A company or government agency provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a premium.
🗑
|
||||
| Premium | What you pay to have insurance
🗑
|
||||
| Deductible | What you pay before insurance kicks in.
🗑
|
||||
| Co-insurance | Percentage you pay after you have paid the deductible and before out of pocket max
🗑
|
||||
| Liability | Protects you financially if you're responsible for someone else's injuries or property damage.
🗑
|
||||
| Collision | Coverage that helps pay to repair or replace your car if it's damaged in an accident with another vehicle or object.
🗑
|
||||
| Comprehensive | Coverage that protects against damage to your vehicle caused by non-collision events that are outside of your control. This includes theft, vandalism, glass and windshield damage, fire, accidents with animals, weather, or other acts of nature.
🗑
|
||||
| Outsourcing | A business practice in which services or job functions are hired out to a third party on a contract or ongoing basis.
🗑
|
||||
| Acceptance of Risk | When a business or individual acknowledges that the potential loss from a risk is not great enough to warrant spending money to avoid it.
🗑
|
||||
| Investing Risk | Past performance is no guarantee of future results.
🗑
|
||||
| Income Principles | -Identify sources of income, such as salary, wages, commissions, and tips.
-Evaluate and compare career opportunities based on individual interests, skills and educational requirements, the value of work to the market, and income potential.
-Compare th
🗑
|
||||
| Salary | Money paid at regular times for work or services
🗑
|
||||
| Wages | A payment usually of money for labor or services usually according to a contract and on an hourly, daily, or piecework basis.
🗑
|
||||
| Commissions | A payment made to employees based on the value of sales achieved.
🗑
|
||||
| Tips | Additional payment for good service
🗑
|
||||
| Benefits | Extra perks to encourage someone to join your organization, such as insurance coverage.
🗑
|
||||
| Entrepreneurship | The activity of setting up a business or businesses, taking on financial risks in the hope of profit.
🗑
|
||||
| Dividends | A sum of money paid regularly by a company to its shareholders out of its profits.
🗑
|
||||
| Fixed Expenses | Expenses that are the same each time you pay them.
🗑
|
||||
| Variable Expenses | Expenses that are different each month, such as groceries and gas.
🗑
|
||||
| Periodic Expenses | Expenses occurring at irregular times, such as car maintenance or college tuition, books, and fees.
🗑
|
Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Created by:
EliRush
Popular Economics sets