Question: Concepts to Know and Understand What tasks are completed by a company's finance department? What tasks are completed by a company's marketing department? What tasks

Concepts to Know and Understand What tasks are completed by a company's finance department? What tasks are completed by a company's marketing department? What tasks are completed by a company's human resources department? What is customer service? Compare and contrast a debit card and a credit card. What is a revolving credit account? Give an example. What is an installment account? Give an example. What does the "term" of a loan mean? What is simple interest? How is it calculated? What is compound interest? How is it calculated? What is a personal loan? What is a home equity line of credit? Compare and contrast government-issued and private issued student loans. Explain the Microloan Program. Explain the CDC/504 Loan Program. Explain the 7(a) Loan Program. What is credit history? What is a credit or FICO score? What is the range for the score? How are credit history and credit score used to determine eligibility for a loan? What is a mortgage loan

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