business management and administration

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10 Terms

1
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human risk

the probability of harm due to human actions or choices

2
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project management

using knowledge/skills/techniques to execute a temporary group activity designed to develop a product, service or outcome both effectively and efficiently

3
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knowledge

awareness or familiarity gained by experience of a fact or situation

4
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organize

state of being efficient or methodical

5
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business services

accounting, design, maintenance, printing, and supply of temporary personnel, etc., provided by specialized firms to other firms

6
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communication skills

the ability to convey information to another effectively and efficiently

7
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quota

a limit on either the quantity or value of a product that may be imported

8
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risk avoidance

technique of risk management that involves taking steps to remove a hazard, engage in alternative activity, or otherwise end a specific exposure

9
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risk retention

a strategy in which an entity sets aside a sum as a protection against a probable loss, instead of transferring the risk by purchasing an insurance policy

10
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delegate

to assign