Vocaulary 2

1. LIABILITIES- a companys legal debts or obligations that can be settled over time through economic benifits 2. OVERHEAD EXPENSE- miscillaneous expenses such as tax and insurance, part of the total cost of staffing and maintaining a buisness. 3. OWNERS EQUITY- difference between assets and liability 4. PRODUCTION COST- what it cost to produce the items 5. WORKING CAPITAL- a measure of the companys efficiency and short term financial health 6. LOAN- give money or property, etc. for future payment in return 7. LOSS LEADER- when a company sells a product that loses them money for the sake of offering another product for greater profit 8. SCARCITY- limited resources for peoples wants 9. OPPORTUNITY COSTS- benifits you could have recieved by taking another course of action 10. EXPLICIT COSTS- expense that is identified and accounted for, you can easily see cash outflow and profit 11. IMPLICIT COSTS- cost not easily accounted for, excluding cash..hardwork, ect are examples 12. PRICE- how much somethingg costs 13. RELATIVE PRICE- the ratio of two prices 14. INCENTIVES- encouragement to do something 15. PROFIT- a gain in money 16. LOSS- loss of money 17. EQUILIBRIUM- balance 18. SURPLUS- having extra 19. SHORTAGE- not having enough 20. MINIMUM WAGE- lowest price an employee can work for 21. PRICE FLOOR- lowest price the government allows an item to be sold for 22. BEAR MARKET- market condition in which the price of securities are falling 23. BULL MARKET- market of a group in which the prices of securities is rising 24. BOOM- when sales increase very rapidly 25. BILL OF EXCHANGE- A non-interest-bearing written order used primarily in international trade that binds one party to pay a fixed sum of money to another party at a predetermined future date. 26. BUDGET DEFICIT- amount of money spent over income 27. CAPITAL- financial resources available for use 28. SHORT SELL- selling of a stock you dont own in hopes of buying it for a lower price than you sold it for 29. SHORT COVER- buying the same number and type of securities that were short sold in order to make a profit

Job Shadow

Week 9 Transactions

Job Shadow

After talking to my job shadow person, I have better been able to understand what they do at Cow Country Genetics. I am going to a place where they collect embryos from cattle and then also colelct semen from bulls. They run a dairy, and keep the dairy business going. The lady was very nice and I hope to expect to see things I am use to seeing as well as see things that I am not use to seeing. I am needed to be there at 7 in the morning so that I can help feed the cattle as well as give them shots, and I will be leaving sometime after lunch. Lacy, the main office lady, wa very nice and said she would answer any questions I have and help me to better understand anything that is confusing or hard for me to grasp. I hope to learn more knowledge and get a better idea if this is the field I want to go into.

60 Minutes Video (ABSENT)

1. What is your opinion of the topic of the video? Explain why!
   I feel that this is a bad and good thing. The upper level goverment needs insider trading to do their job, and they are just there to recieve the extra information regarding particular investments and investment oppurtunities. If they didn't have the information, they wouldn't be able to do their job in the ways that it needs to be done. But they are using the information to benefit themselves, not the general public.

2. What can you do about your opinion? How can you make your opinion count?
   My opinion can be made known by writing a letter to one of the states representatives or senator. My opinion would matter more if I gave information to back up why I feel this way. By giving examples of how it is or is not effecting the general public, they would then realize that the public is not given the same opportunies that they are, and therefore they don't have the same opportunities to make money.

3. What is insider trading? What was the information that caused Martha Stuart to go to prison?
   Insider trading is government officials using the "inside" information that they have on stocks and the stock market to make themselves more money and give themselves money making chances that not every person is allowed. Martha Stuart went to prison from using insider trading to make herself more money. By researching into this topic more, I learned that she was using her own products that she was releasing to other business to invest in those businesses stocks. She was able to use her products to make her more money aside from the fact of the money that she is making from selling them.

4. What is "Black Friday" and when did it get its name? What is "cyber Monday"?
   Black Friday is the most popular shopping day after Thanksgiving. It is the day when most businesses have major sales to make more money. It got its name from the depression. The day that the stock market came back up was on Black Friday. Therefore on that day, people started spending more money and the market continued to grow and get better. Cyber Monday is the Monday after Thanksgiving which is when businesses online have major sales. This is following Black Friday, and people continue to Christmas shop and save money by partaking in these major saving shopping days.

Candy Stock Trading (ABSENT)

I WAS ABSENT FOR THE ACTIVITY!

 I feel that by watching the video, talking to those who participated in the excerise, and by watching other videos that trading stocks on the stock market floor would be very stressful. It would involve a lot of communication, and understanding of what you are selling or what you are investing in. I also feel like that by being under stress, you would make decisions that aren't as accurate or as smart as they could have been, if given time to think through them.

Based off of what I was told, the trading was very loud, nosiy, and hot. It was hard to tell what you were trading and what you were getting in return because of how hetic the room was with all the hustling and bustling of everyone. Therefore, I would not want to trade stocks because of all the crazy benefactors that come along with it.

Week 8 Transactions