More stuff Flashcards
Requirements of a legally binding contract
something of value must be exchanged
both parties must be in agreement with the terms of the
contract
Executive summary
Persuasive
Active voice
Excise Tax
Tax on non-essentials
Gasoline, cigarettes
Pegged Currency System
the nation’s currency value is fixed to the value of something else, usually another country’s currency.
Free floating Currency System
currency exchange rate is determined by the unimpeded interaction of supply and demand in the foreign
exchange market with no government intervention
Bartering
exchange without using money
Commodities
Energy, Metals, Grains
Bankassurance
selling insurance product through banks
Non cyclical industries
Health care, food, drink, and tobacco
not impacted by business cycles
Enterprise Risk Management
involves a corporation identifying all the risks
that threaten the company, deciding which risks to focus on, and sharing that information with
stakeholders.
Six Sigma
tools used to improve business processes by reducing defects and errors
internal dispute
dispute within yourself
function of foreign exchange market
To trade currency
