Midterm Study Guide (Career Prep)
Terms in this set (46)
is the systematic and comprehensive recording of financial transactions pertaining to a business.
is the systematic recording, analyzing, interpreting and presenting of financial information.
Board of directors
is a group of individuals that are elected as, or elected to act as, representatives of the stockholders.
one of the ways employers reward their employees for a job well done.
is a financial plan for the future concerning the revenues and costs of a business.
A person's regular occupation, profession, or trade.
refer to funds raised to support a particular business or project.
The formal decision making process used when considering the economic feasibility of implementing information security controls and safeguards
depends on participants having shared values and goals, and on having broad agreement on specific issues and overall direction.
is a contractual agreement in which a borrower receives something of value now and agrees to repay the lender at some date in the future, generally with interest.
customer service department
the assistance and advice provided by a company to those people who buy or use its products or services.
It is the difference between what your business is worth (your assets) minus what you owe on it (your debts and liabilities).
the value of one currency for the purpose of conversion to another.
are non-repayable funds or products disbursed or gifted by one party.
A human resources critical component of employee well-being in any business, no matter how small.
An industry is a classification that refers to groups of companies that are related based on their primary business activities.
Investing is the act of committing money or capital to an endeavor
The debut of a product into the market. The product launch signifies the point at which consumers first have access to a new product.
the right to take another's property if an obligation is not discharged
Written or oral agreement for a temporary transfer of a property (usually cash) from its owner (the lender) to a borrower who promises to return it according to the terms of the agreement, usually with interest for its use.
The process of strategically managing the efficient flow and storage of raw materials, in-process inventory, and finished goods from point of origin to point of consumption.
Difference between the market value of a collateral and amount of the loan advanced against it
An actual or nominal place where forces of demand and supply operate, and where buyers and sellers interact (directly or through intermediaries) to trade goods, services, or contracts or instruments, for money or barter.
To monetize is to convert an asset or any object into money or legal tender.
The ability of an individual to execute or complete multiple tasks simultaneously.
creating a group of acquaintances and associates and keeping it active through regular communication for mutual benefit.
Non Profit Organization
is a business granted tax-exempt status by the Internal Revenue Service.
Jobs or tasks consisting of one or more elements or sub tasks, performed typically in one location.
A type of business organization in which two or more individuals pool money, skills, and other resources, and share profit and loss in accordance with terms of the partnership agreement.
Foundation technology of a computer system
Formal submission or delivery of a document or negotiable instrument for the appropriate notice or action of the named entity.
refers to one-fourth of a year and is typically expressed as "Q."
refers to the investigative activities a business conducts to improve existing products and procedures or to lead to the development of new products and procedures.
refers to the overall process of attracting, selecting and appointing suitable candidates for jobs (either permanent or temporary) within an organization.
To resign is to quit or retire from a position.
Product, Pricing and Distribution Planning.
An individual, group, or organization that owns one or more shares in a company, and in whose name the share certificate is issued.
Individual or entity who organizes and is committed to the development of a product, program, or project.
The entire group of employees who work at a company
A person, group or organization that has interest or concern in an organization.
A method or plan chosen to bring about a desired future, such as achievement of a goal or solution to a problem.
Substitution of telecommunications for transportation in a decentralized and flexible work arrangement which allows part or full time employees to work at home via a computer attached to the employer's data network.
a corporate symbol that contributes to the image the company is trying to build.
is financing that investors provide to startup companies and small businesses that are believed to have long-term growth potential.
a method of marketing whereby consumers are encouraged to share information about a company's goods or services via the Internet.
the second stage of development of the World Wide Web, characterized especially by the change from static web pages to dynamic or user-generated content and the growth of social media.
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