BusinessManagementIT

What are the levels of higher education?

Associate’s degree, Bachelor’s degree, Master's degree.

What does Accountability mean in business management?

Responsibility to someone or for some activity.

How is Accounts Payable defined?

Unpaid dues for goods and services.

What is Accounts Receivable?

Outstanding debt to a company.

What is Advertising intended to do?

Draw attention to commercial products or services.

What is the purpose of an Agenda?

A list, plan, or outline of things to be done.

What does Allocation refer to in a business context?

Distribution of resources.

What is an Allowance in tax terms?

A claim that reduces the amount of taxes withheld from taxable income.

What is the Annual Growth Rate?

The increase of an investment annually.

What does Annual Percentage Rate (APR) indicate?

Measure of the cost of credit on a yearly basis expressed as a percentage.

Who is considered an Apprentice?

A person learning a trade while working for another.

What is the definition of Audience?

A group gathered to watch or listen to a performance.

What occurs during an Audition Interview?

Applicant shows skills by performing job duties.

What does Authority refer to in a business setting?

The power or right to give orders and make decisions.

What is the Autocratic Style of management?

A style that gives orders to employees.

Define Autocratic in relation to leadership.

A ruler who holds ultimate power or someone who dominates others.

What is Automobile Insurance?

A contract protecting the owner against financial loss from vehicle accidents or theft.

What is an Automobile Loan?

Borrowed money to purchase a vehicle.

What does a Balance Sheet display?

The assets and liabilities of a company at a specific date.

What is the function of the Backspace key?

Used to delete characters when typing.

What do Banking Services provide?

Securing or borrowing of money.

What are Barriers to Communication?

Issues preventing the comprehension of messages.

What does Blind Carbon Copy (BCC) do?

Allows sending an email to additional recipients without others knowing.

What characterizes Behavioral segmentation?

Distributing people into groups based on their knowledge or response to a product.

What is Block Format in writing?

A common way of formatting a business letter.

Define Bonds in financial terms.

A promise to repay principal and interest on a specified date.

What is a Brand?

Identification of a product or company distinguishing it from competitors.

What does a Budget represent?

An estimate of income and expenditures for a specific period.

What is Budgeting?

Financial planning aimed at managing money.

What is the Bureaucratic style of management?

Manager seeks employee input before making final decisions.

What does the Business Cycle refer to?

Cycles of economic expansion or contraction.

What is Business Etiquette?

Manners and professionalism displayed in business.

What is a Business Letter?

A formal way of communication used in business.

What is a Business Plan?

A document outlining future goals and strategies of a business.

What defines Business Risk?

Opportunity costs that negatively impact growth or profits.

Define Capitalism as an economic system.

Profitable business conducted privately.

What is Captcha used for?

To ensure responses are not generated by computers.

What does Career signify?

An individual's long-term occupation.

What does a Cash Flow Statement portray?

A company’s incoming and outgoing cash.

What does Carbon Copy (CC) indicate in emails?

The recipient realizes a message is sent to a third party.

What is Carpal Tunnel Syndrome (CTS)?

Nerve damage in the hand causing discomfort.

What is Centralization in management?

Consolidating control under a single authority.

Explain the Certificate of Deposit.

An account that pays interest on a lump sum.

What is a Chain of command?

The order of authority within an organization.

What is a Channel of communication?

The means by which a message is conveyed.

Define Collateral assets.

Assets accepted for a loan.

What does it mean to Communicate?

To give or exchange information.

What is Communication in a business context?

The exchange of information between parties.

What characterizes Communism in economics?

Public ownership with no private market options.

What is Company Analysis?

Reviewing a company's financial situation and marketing mix.

Define Compensation in an employment context.

Money paid to an employee for work performed.

What is Competition in business?

A contest of goods and services provided by organizations.

What does Competitive position refer to?

A company’s strengths and weaknesses compared to competitors.

What is Compounding Interest?

Interest earns interest on itself.

Define Conflict resolution.

Process of resolving issues between parties.

What does Consumer Price Index measure?

Average price range for goods and services.

What are Consumer regulations?

Protection for buyers of products and services.

Define Contractionary policy.

Fiscal policy used to reduce economic growth.

What does Controlling involve?

Protecting an organization through regulations.

What is a Credit score?

A number representing credit management performance.

What is Customer Analysis?

Understanding customers and their buying habits.

What is a Database management system?

A program that manages database information.

What is the Decision-making process?

The brainstorming of ideas within a business context.

Define Deductible in insurance terms.

The amount paid by a policyholder before insurance coverage kicks in.

What are Deductions in employment?

Takeaways from mandatory contributions.

What is Defect Detection?

Identifying a failing or deficiency in a process.

Define Defect Prevention.

Strategies to avoid occurrences of defects.

What is Deflation?

Lowering of costs in economic hardship.

Describe the Democratic style of management.

Manager shares decision-making with employees.

What is Democratic participation?

Free and equal participation in decision processes.

What does Demographic segmentation rely on?

Measurable statistics such as age or gender.

What does it mean to be Dependent in tax terms?

Individuals qualifying for tax exemptions.

What is a Deposit?

Adding money into an account.

Define Depression in economic terms.

A severe and prolonged downturn in the economy.

What is Direct Deposit?

Electronic transfer of payments to an employee's account.

What is Disability Insurance?

Insurance providing income protection if unable to work.

What does Discrimination in the workplace define?

Denial of opportunities based on characteristics.

What does Distortion refer to in communication?

Altering a fact or message consciously or unconsciously.

Define Distraction in the context of communication.

Interferences that compromise message clarity.

What is Distribution in logistics?

Moving and storing goods to reach customers.

What is Down Payment?

Initial payment made when purchasing an automobile.

What are Durable goods?

Goods that last and are not consumed immediately.

What does Email represent in communication?

Messages sent electronically between individuals.

What defines Economic goods?

Valued goods or services within the economy.

What is Economic growth?

Sustained increase in goods and services produced.

What are Economic incentives?

Motivations encouraging specific behaviors.

Define Economic services.

Labor provided in the economy.

What is Economics?

The study of supply, demand, production, and distribution.

What are Economies of scale?

Reductions in unit costs through higher volumes of activity.

What does Economy refer to?

Producing and purchasing goods and services.

What is Education in a business context?

The act or process of acquiring knowledge or skills.

What do Education goals aim for?

Preparing individuals for future workplace success.

What are Emoticons?

Facial expressions created with keyboard symbols in emails.

What is an Employee manual?

A guide for conduct and responsibilities in an organization.

What does Employee Orientation entail?

Introduction activity for new employees.

What describes Employee Procedures?

Protocols that workers must follow.

What are Employee rights?

Entitlements of individuals within an organization.

What defines an Empowered Consumer?

Customers who can access information and make informed decisions.

What does it mean to Entertain?

Engaging an audience with interesting content.

What is Entrepreneurship?

Owning and creating a business.