Business Management & Administration Career Cluster (Encinal DECA)
Terms in this set (52)
the official power to make legal decisions and judgments
A person to whom money is owed
A person who owes money
occurs when a business closes and sells its assets to pay creditors
a person who brings a case against another in a court of law.
an individual or group being sued or charged with a crime
a request for information; a question
a set of policies, procedures, standards, processes, practices, tools, techniques, and tasks that people apply to technical and management challenges
a word or phrase that links different ideas
listing reasons and then giving the claim that is supported by those reasons
Begins with a general assertion and then presents specific details and examples in support of the generalization
the collection of data by having people answer a series of questions
the marketer's vision of what the brand must be and do for consumers
concerning the topography of a specific region
arranged in order of time
A form on which a brief message is written describing a transaction
a report that presents suggested solutions to problems
Declarative and objective statements that indicate the general goal of the study and often describe the direction of the inquiry.
The process of analyzing a design problem and finding a way to fix it
the fact that is said to prove that something is true
the measure of the tangible and intangible benefits of an information system
The receiver's response to a message
A brand that has exclusive legal protection for both its brand name and its design
areas of a business where customers have contact with the company and data might be gathered
A business established or operated under an authorization to sell or distribute a company's goods or services in a particular area
The share of earnings given by a franchisee as payment to the franchiser
A manager who is responsible for managing an organization's production system and for determining where operating improvements might be made.
the presentation of a company's facts and figures in a way that is clear and apparent to all stakeholders
funds paid out
An amount owed by a business
the difference between total revenue and total expenses when total revenue is greater
another name for net income
The set of analytical techniques that yield a best course of action.
extracts information from data and uses it to predict future trends and identify behavioral patterns
Statement of Work
A written description of the objectives to be achieved
Targets that are specific, measurable, achievable, realistic and time constrained.
a thing that is granted, especially in response to demands; a thing conceded.
Assigning available resources, or factors of production, to specific uses chosen among many possible and competing alternatives. It involves answering "What to produce" and "How to produce".
Refers to an organizations' website, social media, and email.
Statement of Work
This fully describes the work to be completed,
the product to be supplied, or both. The SOW
becomes part of the contract between the
buyer and the seller. The SOW is typically
created as part of the procurement planning
process and is used by the seller to determine
whether it can meet the project's
Tangible or intangible products of work that must be provided to someone else.
Work Breakdown Structure
defines the hierarchy of project tasks, subtasks, and work packages
A schematic display of the logical relationships or sequencing of project activities
Six Sigma Framework
set of techniques and tools for process improvement
Channel members operating between the producer and the consumer or industrial user to help in the movement of goods and services
formal verifications of an organization's financial and operational systems
relating to or constituting actions carefully planned to gain a specific military end.
A possible future event that must be prepared for or guarded against; possibility
to estimate the value of; determine the worth of