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AIB VOCABULARY QUIZ #3
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1.
10 points
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).
Occupation
Liability
Income
Unemployment
2.
10 points
Occurs when people are without work and actively seeking work.
Salary
Profit
Unemployment
Occupation
3.
10 points
A body of elected or appointed members who jointly oversee the activities of a company or organization
Occupation
Board of Directors
Stockholder
Shareholder
4.
10 points
An individual or institution (including a corporation) that legally owns a share of stock in a public or private corporation.
Liability
Stockholder
Unemployment
Profit
5.
10 points
A regular activity performed for payment, that occupies one's time
Occupation
Shareholder
Liability
Salary
6.
10 points
An individual or institution (including a corporation) that legally owns a share of stock in a public or private corporation.
Profit
Economics
Shareholder
Liability
7.
10 points
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.
Unemployment
Unemployment
Income
Profit
8.
10 points
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.
Salary
Economics
Profit
Income
9.
10 points
The social science that analyzes the production, distribution, and consumption of goods and services.
Salary
Income
Economics
Liability
10.
10 points
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.
Salary
Economics
Profit
Income
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