AIB VOCABULARY QUIZ #3

A financial benefit that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs and taxes needed to sustain the activity.

The social science that analyzes the production, distribution, and consumption of goods and services.

A form of remuneration paid periodically by an employer to an employee, the amount and frequency of which may be specified in an employment contract. It is contrasted with piece wages, where each job, hour, or other unit is paid separately, rather than on a fixed periodic basis.

The consumption and savings opportunity gained by an entity within a specified timeframe, that is generally expressed in monetary terms. The sum of all the wages, salaries, profits, interests payments, rents and other forms of earnings received... in a given period of time.

An individual or institution (including a corporation) that legally owns a share of stock in a public or private corporation.

A regular activity performed for payment, that occupies one's time

An individual or institution (including a corporation) that legally owns a share of stock in a public or private corporation.

A body of elected or appointed members who jointly oversee the activities of a company or organization

Occurs when people are without work and actively seeking work.

Something that is a hindrance or puts an individual or group at a disadvantage, or something that someone is responsible for, or something that increases the chance of something occurring (i.e. it is a cause).