Vocabulary

1. OVERHEAD EXPENSE-The indirect costs or the costs not directly related to the manufacture of a product or delivery of a service that range from rent to administrative costs to marketing costs
2. OWNERS EQUITY-Total assets minus the total liabilities of a company or individual.
3. PRODUCTION COST-combined costs of raw material and labor gained in producing goods
4. WORKING CAPITAL-A measure of a company's efficiency and its short-term financial health.
5. LOAN-money lent at interest.


6. LOSS LEADER-Good or service advertised and sold below cost price.


7. SCARCITY-shortage of amount or supply.


8. OPPORTUNITY COSTS-The cost of an alternative that must be passed up in order to pursue a certain action.
9. EXPLICIT COSTS-A business expense easily identified.


10. IMPLICIT COSTS-A cost that is represented by a lost opportunity.


11. PRICE-the amount of money or its equivalent for which anything is bought, sold, or offered for sale.
12. RELATIVE PRICE-the ratio of two prices or the price of a good or service in terms of another.


13. INCENTIVES-motivation


14. PROFIT-financial benefit that is gained from financial activity


15. LOSS-the act of losing


16. EQUILIBRIUM-a state of balance


17. SURPLUS-the amount that remains when use is satisfied.


18. SHORTAGE-a lack in the amount needed


19. MINIMUM WAGE-the smallest amount that a person can be paid allowed by federal law.


20. PRICE FLOOR-floor below which prices are not allowed to fall


21. BEAR MARKET-a period in which prices fall


22. BULL MARKET-a period in which prices are rising or expected to rise.


23. BOOM- to develop rapidly


24. BILL OF EXCHANGE-A non-interest- bearing written order used primarily in international trade that binds one party to another
25. BUDGET DEFICIT- when they have more money going out then coming in


26. CAPITAL-cash generated by investing in a business


27. SHORT SELL-


28. SHORT COVER- repurchase a previously sold contract

Job Shadow(:

Week 9(:

30. DEPRECIATION: Something going down in value.
Cars depreciate when you drive them off the lot. -
31. GROSS MARGIN: product divided by net sales.
Toys R Us's gross margin was 36.5%.

32. EARNINGS PER SHARE: net income-dividends on a preferred stock dividend by the average outstanding share.
A good earnings per share is around 47-56.

33. LIABILITIES:something for which somebody is responsible, especially a debt.
Her liablilities out weighed her paycheck; she was becoming broke.

Week 9(:

Job Shadow(:

I am going to the Powell Valley Hospital. When I spoke with Cassie Tinsley, she told me to meet her at the Human resources at 9 to start my workday. She said to wear dress pants and that I could either bring a lunch or eat in the cafeteria. I hope to see what a surgeon or a pediatrician does on a daily bases. Even though it is very far fetched, it would be amazing to sit in on a surgery. Also, I hope to find out the individual im job shadowing's opinion on the best and worst parts of his or her job. By the end of the day I would like to know if I could see myself working there or if it was a lessoned learned that I should never be a docter.(:

60 Minutes(:

1. What is your opinion of the topic of the video? Explain why.
I disagree with insider trading because it isn't fair to let people of higher status get to do it but not others. Also, you take risks when you buy and trade stocks, you shouldn't get hints when others don't. It isn't okay for politicians to lie about weather or not they are participating in insider information and they are making money unfairly which is not okay.

2. What can you do about your opinion? How can you make your opinion count?
I can look into the problems and speak to politicians who are willing to say they are doing it. If I wanted to I could try and band together with others to have the stock act passed.

3. What is insider trading? What was the information that caused Martha Stewart to go to prison?
Insider trading is buying or selling stocks based on information that is unavailable to the public.
Martha Stewart went to jail because she received insider information that ImClone, a cancer drug, was turned down. So, with this information, she sold 4000 stocks of it before the information went out so she didn't loose money.

4. What is black Friday? And when did it get its name? What is cyber Monday?
Black Friday is the Friday after thanksgiving where there are extreme cheap prices that start around 3am so people can start Christmas shopping. On this day, people go crazy and shop till they drop with good sales. Black Friday got its name in 1966. Cyber Monday is exactly like Black Friday but instead of going out to get the good prices, they are on the Internet.

Week 8 (: