BizAdCore 20-24, PRAC 1&2 (From my Quizlet)

Fiscal

Relating to government revenue, especially taxes, or financial matters in general.

Fiat Money

Currency that has value because a government maintains its value, rather than being backed by a physical commodity.

Interdependent

The state of two or more entities relying on each other for mutual success or survival.

Capital Budgeting

The process a business uses to evaluate potential major projects or investments.

Cash Conversion Cycle

The time it takes for a company to convert its investments in inventory back into cash.

Working Capital Management

Managing current assets and liabilities to ensure a company has sufficient cash flow to meet short-term obligations.

Capital Structure

The specific mix of debt and equity used to finance a company's assets and operations.

Revolving Accounts

Credit arrangements that allow a borrower to draw down funds, repay them, and draw them down again.

Limited Decision

A consumer decision-making process for products that are purchased occasionally and require moderate research.

Pension Plans

Retirement plans that require an employer to make contributions into a pool of funds set aside for a worker's future benefit.

Yielding

The act of producing or providing a financial return, such as interest or dividends.

Log Files

Records of events or activities that occur within a computer system or network.

Listservs

An application that distributes messages to subscribers on an electronic mailing list.

Capital Good

Man-made goods used in the production of other goods and services, such as machinery or tools.

Expense Account

A record of business-related costs that an employee incurs and for which they are reimbursed.

Discretionary Income

The amount of an individual's income that is left for spending after taxes and essential living expenses.

Commodities

Basic goods used in commerce that are interchangeable with other goods of the same type, such as oil or wheat.

Penny Stocks

Low-priced shares of small companies that often trade outside of major stock exchanges and carry high risk.

Accounts Payable

Money a company owes to its suppliers for goods or services received on credit.

Accounts Receivable

Money owed to a company by its customers for goods or services delivered on credit.

Layaway Plan

A purchasing method where a retailer reserves an item for a customer until the customer pays for it in full.

Open Account

A credit arrangement where a buyer is billed for goods or services after they are delivered.

Revolving Credit

A line of credit that can be used repeatedly up to a certain limit as long as the account remains in good standing.

Stop Word

Common words (like 'the' or 'a') that search engines are programmed to ignore during indexing.

Private Enterprise System

An economic system where individuals and businesses own the factors of production and operate for profit.

Pure Private Enterprise System

A theoretical economic model with no government intervention in the market.

General Partnership

A business arrangement where two or more owners share equal responsibility for management and unlimited liability.

Business Format Franchise

A franchise model where the franchisor provides the franchisee with a complete business system and brand identity.

Multi-Level Marketing

A strategy where a company sells products through a non-salaried workforce that earns commissions on their own sales and those of their recruits.

Touchpoints

Any point of interaction between a customer and a business, such as websites, ads, or customer service.

Product-Line Extensions

Adding new varieties, flavors, or sizes to an existing product line to reach a broader market.

External Publicity

Public relations efforts aimed at generating positive media coverage from third-party sources.

Thought Stopping

A cognitive technique used to interrupt and replace negative or intrusive thoughts.

Market Structures

The organizational and competitive characteristics of a market, such as perfect competition or monopoly.

Derailed

A state where a project or process has lost its focus or direction.

Refocusing Scope

The act of narrowing or adjusting the objectives of a project to improve efficiency or relevance.

Stakeholder Management

The process of identifying and engaging with individuals or groups who have an interest in a business's outcomes.

Deductible (Payroll)

An amount subtracted from an employee's gross pay, such as for taxes or insurance.

Credit Reports

A detailed record of an individual's credit history used by lenders to assess creditworthiness.

Legal Tender

Currency that must be accepted by law as payment for debts.

Municipal Bonds

Debt securities issued by state or local governments to fund public projects.

Corporate Bonds

Debt securities issued by companies to raise capital for business operations.

Mutual Funds

Investment vehicles that pool money from many investors to purchase a diversified portfolio of stocks or bonds.

FDIC

A government agency that provides deposit insurance to protect bank customers' money.

HR Processes

The systematic activities involved in managing a workforce, including recruitment, training, and performance management.

Company Intranet

A private network accessible only to an organization's staff for internal communication and resource sharing.

Transaction Processing System

An information system that records daily routine business transactions.

Management Information System

An information system that provides managers with reports to support decision-making.

Decision Support System

An information system that uses data and models to help solve non-routine problems.

Gratuity

A tip given to a service worker in addition to the base price of the service.

Savings and Loan Association

A financial institution that specializes in accepting savings deposits and making mortgage loans.

Credit Union

A member-owned, non-profit financial cooperative that provides banking services.

Brokerage Firm

A company that acts as an intermediary between buyers and sellers of financial securities.

Accountant

A professional who maintains and audits financial records and prepares financial reports.

Ad Hoc Committee

A temporary group formed for a specific, limited purpose.

Quality Circle

A group of employees who meet regularly to identify and solve work-related problems.

Cross-functional Team

A group of employees from different departments working together to achieve a common goal.

Standing Committee

A permanent committee that addresses ongoing issues within an organization.

Block Format

A business letter style where all text is left-aligned and single-spaced, with double spacing between paragraphs.