DECA Business Finance Exam - Q & A Cost Analysis Used to determine the costs associated with a variety of business functions and activities Accrual
... [Show More] Accounting System Records a business's financial transactions at the time they occur, even if the money is not exchanged at the time Manual Accounting System System which processes financial information by hand External Audience Consists of businesses or individuals who are not involved in the day to day operations of the business Bear Market When stock prices decrease over time, it may indicate a downturn in the market Bull Market When stock prices increase over time Compensation Pay for work completed (includes commission) Teller A person employed to deal with customers' transactions in a bank (most basic banking job) Transmittal Letter A business letter whose purpose is to accompany other written material (sent along with other documents/reports) Decision Tree An approach in which the data received through data mining is categorized into meaningful groups based on a set of established criteria Dividends Income earned on stock investment Asset Utilization Ratios These ratios help businesses determine if they are using their assets in the most effective ways Liquidity Ratios Ratios used to determine a business's ability to pay its short term debts Extension This indicates the total cost of each quantity of products purchased by the price per unit Gramm-Leach-Biley Act Repeals part of the Glass-Stegall Act by allowing financial institutions to form mergers or consolidate Securities Exchange Act of 1934 Law which requires the disclosure of certain financial information, regulates the issuance of securities, and outlaws insider-trading practices Sarbanes-Oxley Act Law which regulates corporations and public accounting firm activities Enrichment Involves adding interest and satisfaction to a task Job Analysis A detailed study of a job Enlargement Involves adding more tasks to a worker's present job Line of Credit A type of Loan Checking account Used to manage current income and expenses Commodities Resources that are often used to create other goods Macro A customized keystroke or shortcut that commands the database program to perform certain tasks automatically Captive insurance companies organizations that form their own insurance company; control their own premium rates and the claims process Traditional/standard insurance company no control over premium rates or the claim process [Show Less]