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What is a union?
Walter P. Reuther—former UAW president.
Group of employees who organize
To negotiate with Employers on
Wage and working conditions.
What is it called when workers
Organize a work stoppage to protest
Employer activities AND what form
Of protest associated with standing in
Line out front of the business holding
Signs goes with right along with that?
Strike and Picket
What does it mean when an employer
Agrees with the union to have a
The employer agrees to hire only
Performed by unions and employers
this is known as the process of
Negotiating working conditions
Explain the difference between
Arbitration and Mediation.
Mediation is when a 3rd party is called
To make suggestions on how to solve
An impasse between management and
The union. Arbitration is when the
3rd party can force an agreement on
What is recommended.
Rank the following investment types
In order of return on money from
Lowest to highest.
What is a CD and why does it pay
More than a savings account?
Certificate of Deposit; because the
Investor exchanges liquidity and
Time guarantees for a higher return.
What is the difference between
A corporate stock and a corporate
A stock is purchasing a small share
Of a corporation whereas a bond is
A form of lending money to a
Business or municipality.
List 2 ways you can make money
In the stock market.
If APR of return is 18% then what
Is the monthly rate of return?
What is arguably the most famous
Stock market indicator in the US
(if not the world)?
Dow Jones Industrial Average or
What do the terms Bear and Bull
Refer to in the stock market?
When the stock market trends
Downward for an extended period it
Is known as Bear Market; When it
Trends upward it is a Bull Market.
If someone makes money on a
Stock by selling it for more than
Purchased OR receiving profits from
The company, then a person will most
Likely Have to pay a
______ ______ tax unless it is a
tax deferred account.
Identify at least two major U.S.
New York Stock Exchange
Others acceptable at Mr. A’s discretion
What is a Price-Earnings Ratio (P/E)
and why is it useful to know?
A price-earnings ratio is a comparison
Of the stock price to the dividends
It has paid and will informs buyers
Of the past performance of the stock.
Higher P/E ratios mean that an investor
Is paying more for each unit of income
Than those with lower P/E ratios.
The most simple form of business
Ownership—one owner takes on all
Responsibility for management/growth
What is it called when two or more
People share in the ownership and
Day to day management of a company?
What is a huge common
downside to owning
A partnership or a sole proprietorship?
What is the difference between a
Vertical and Horizontal conglomerate?
Vertical—company has expanded
Through various production stages of
A market (e.g. Paper Mill owns trees,
Lumber company, trucking, manufacturing
Horizontal—company has expanded across a
Like market—Weyerhouser paper, Xerox paper
Staples paper—all finished product paper suppliers
What does one call the smaller
Companies that make up the holdings
Of a conglomerate?
AC Delco makes parts for and is a
subsidiary of General Motors.
To the nearest percentage, what is
The current unemployment rate?
Government creates these laws
To keep neighborhoods from
Being congested with too much
Business or destroyed by unwelcome
Economic activity (manufacturing
In the middle of a neighborhood).
What was the Equal Employment
Opportunity Commission AND
What Act caused this organization to
come into existence ?
The EEOC was created by the
Civil Rights Act of 1964 and
Employment practices based on
Race, religion, sex, and age (over 40).
What does it take to be considered unemployed?
What famous TV private investigator played
By Tom Selleck drove a red Ferrarri?
What are two ways corporations can raise
Additional Money (beyond profits)