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Study sets matching "business chapter 1"

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Study sets matching "business chapter 1"

16 terms
Business Communication: Chapter 1
stakeholders
globalization
workforce diversity
knowledge workers
those groups affected in some way by the company's actions
the effort in business to reach across international boarders…
all the differences among people who work together, including…
workers whose responsibilities extend beyond the physical exe…
stakeholders
those groups affected in some way by the company's actions
globalization
the effort in business to reach across international boarders…
10 terms
Intro to Business : Chapter 1
Needs
Wants
Goods
Services
Things necessary for survival
Things you wish you could have, but don't need to survive.
Things we can see or touch (sold and bought)...tanigble.
Tasks that people and machines perform.
Needs
Things necessary for survival
Wants
Things you wish you could have, but don't need to survive.
48 terms
Business Chapter 1
Profit
Stakeholders
Economics
Economics
What remains after all business expense have been deducted fr…
All the different people or groups of people who are affected…
All the different people or groups of people who are affected…
The study of how wealth is created and distributed
Profit
What remains after all business expense have been deducted fr…
Stakeholders
All the different people or groups of people who are affected…
17 terms
Chapter 1 - Contemporary Business
Economics
Goods
Services
Consumers
The study of the production, distribution and consumption (or…
Goods are items that are tangible and can be purchased, such…
Services are intangibles provided by other people, such as do…
People who buy goods and services.
Economics
The study of the production, distribution and consumption (or…
Goods
Goods are items that are tangible and can be purchased, such…
17 terms
Business Management - Chapter 1
Management
Planning
Organizing
Implementing
The process of accomplishing the goals of an organization thr…
Analyzing information and making decisions about... what needs t…
Determining how plans can be accomplished most effectively an…
Carrying out plans and helping employees to work effectively.
Management
The process of accomplishing the goals of an organization thr…
Planning
Analyzing information and making decisions about... what needs t…
13 terms
Business Law Chapter 1
Laws
Code
4
Civil Law
Enforceable rules of conduct for a society
Groups of laws in an organized form
Number of stages a society goes through when forming a legal…
Legal system where laws set down by a central authority to pr…
Laws
Enforceable rules of conduct for a society
Code
Groups of laws in an organized form
33 terms
Chapter 1 business logistics
Supply Chain Management
Supply Chain Strategy
Logistics
Integrative managements creates
Consists of firms collaborating to leverage strategic positio…
Is a channel and business organizational arrangement, based o…
-The work required to move and geographically position invent…
-Economic value... -Lowest cost... - Economicies of scale... - Prod…
Supply Chain Management
Consists of firms collaborating to leverage strategic positio…
Supply Chain Strategy
Is a channel and business organizational arrangement, based o…
18 terms
Intro to Business Chapter 1
Wants
Needs
Goods
Services
Things you do not have to have to survive, but would like to…
Things that you must have in order to survive.
physical products
tasks that businesses perform for consumers
Wants
Things you do not have to have to survive, but would like to…
Needs
Things that you must have in order to survive.
34 terms
Business Law - Chapter 1
laws
code
sovereign
common law
enforceable rules of conduct in a society
laws grouped into an organized form
powerful leader or authority
law based on the current standards or customs of the people
laws
enforceable rules of conduct in a society
code
laws grouped into an organized form
Intro to Business Chapter 1
Basic economic problem
Capital resources
Capitalism
Command economy
the mismatch of unlimited wants and needs and limited economi…
products and money used to produce goods and services.
the private ownership of economic resources by individuals ra…
an economy in which resources are owned and controlled by the…
Basic economic problem
the mismatch of unlimited wants and needs and limited economi…
Capital resources
products and money used to produce goods and services.
13 terms
Business Management Chapter 1
Principle
Technical skill
Management
Glass ceililng
A basic truth or law
The specific abilities people use to perform their jobs.
The process of deciding how best to use a business's resource…
The invisible barrier that keeps women and minorities from mo…
Principle
A basic truth or law
Technical skill
The specific abilities people use to perform their jobs.
38 terms
Business Chapter 1
needs
wants
goods
services
things that are required in order to live
things that add comfort and pleasure to your life
things that you can see and touch
activities provided for the satisfaction of others that are c…
needs
things that are required in order to live
wants
things that add comfort and pleasure to your life
18 terms
Business Communications - Chapter 1
barrier
body language
communication
communication process
Anything that prevents clear, effective communication.
The expression of nonverbal messages through gestures, facial…
The process of sending and receiving messages that convey inf…
A series of actions on the part of the sender and the receive…
barrier
Anything that prevents clear, effective communication.
body language
The expression of nonverbal messages through gestures, facial…
15 terms
Business Law-Chapter 1
Stare Decisis
Procedural Law
Laws
Common Law
Doctrine that requires lower courts to follow existing case l…
Group of laws that define the methods for enforcing legal rig…
Enforceable rules of conduct in a society.
Law based on current standards or customs of the people.
Stare Decisis
Doctrine that requires lower courts to follow existing case l…
Procedural Law
Group of laws that define the methods for enforcing legal rig…
35 terms
International business chapter 1
international business
global business
multinational enterprise (MNE)
foreign direct investment (FDI)
business (firm) that engages in international (cross-border)…
business around the globe including both international (cross…
firm that engages in foreign direct investments
investments in, controlling, and managing value-added activit…
international business
business (firm) that engages in international (cross-border)…
global business
business around the globe including both international (cross…
24 terms
Business Terms Chapter 1
Business
Goods
Services
Entrepreneur
Any activity that seeks to provide goods and services to othe…
Tangible products such as computers, food, clothing, cars, an…
Intangible products (i.e., products that can't be held in you…
A person who risks time and money to start and manage a busin…
Business
Any activity that seeks to provide goods and services to othe…
Goods
Tangible products such as computers, food, clothing, cars, an…
24 terms
Business Law Chapter 1
Law
Supreme Court
Civil Disobedience
Stare Decisis
Enforceable rules of conduct in society
Highest court in the state and federal system
Open and peaceful violation of law to protest an injustice
Let the decision stand
Law
Enforceable rules of conduct in society
Supreme Court
Highest court in the state and federal system
45 terms
Business Chapter 1
Free Enterprise
Business
Profit
Stakeholders
The system of business in which individuals are free to decid…
The organized effort of individuals to produce and sell, for…
What remains after all business expenses have been deducted f…
All the different people or groups of people who are affected…
Free Enterprise
The system of business in which individuals are free to decid…
Business
The organized effort of individuals to produce and sell, for…
29 terms
Business Essentials - Chapter 1
Needs
Wants
Goods
Services
things that are required in order to live
things that add comfort and pleasure to your life
tangible things or things that you can touch
intangible things or activities that are consumed at the same…
Needs
things that are required in order to live
Wants
things that add comfort and pleasure to your life
32 terms
Principles of Business, Chapter 1
Basic economic problem
Capital resources
Capitalism
Command economy
the mismatch of unlimited wants and needs and limited economi…
products and money used to produce goods and services.
the private ownership of economic resources by individuals ra…
an economy in which resources are owned and controlled by the…
Basic economic problem
the mismatch of unlimited wants and needs and limited economi…
Capital resources
products and money used to produce goods and services.
25 terms
Chapter 1 Characteristics of Business
Business
Production
Marketing
Finance
An organization that produces a good or service for profit
Making a product or providing a service
The activities between a business and its customers
All of the money matters involved in running a business
Business
An organization that produces a good or service for profit
Production
Making a product or providing a service
13 terms
Business & Personal Law Chapter 1
Administrative law
Common law
Precedent
Statutes
The rules and procedures established by regulatory agencies a…
The law established by judges and shared throughout England i…
Decisions made by the highest court of a state are called the…
Laws specifically passed by a governing body created for that…
Administrative law
The rules and procedures established by regulatory agencies a…
Common law
The law established by judges and shared throughout England i…
11 terms
Business Chapter 1
Telecommuting Office
Virtual Office
Sole Proprietorship
Partnership
When a worker communicates and works with others from home or…
A setting that allows you to perform work activities virtuall…
A business owned by 1 individual who receives all the profit…
A business that is not incorporated but has 2 or more owners.…
Telecommuting Office
When a worker communicates and works with others from home or…
Virtual Office
A setting that allows you to perform work activities virtuall…
19 terms
Chapter 1-Business Law
Laws
Code
Common Law
Positive Law
Enforceable rules of conduct in a society
Laws grouped into an organized form
Law based on current standards or customs of the people
Law based on the dictates of a central political authority
Laws
Enforceable rules of conduct in a society
Code
Laws grouped into an organized form
24 terms
Business Terms Chapter 1
Business
Goods
Services
Entrepreneur
Any activity that seeks to provide goods and services to othe…
Tangible products such as computers, food, clothing, cars, an…
Intangible products (i.e., products that can't be held in you…
A person who risks time and money to start and manage a busin…
Business
Any activity that seeks to provide goods and services to othe…
Goods
Tangible products such as computers, food, clothing, cars, an…
47 terms
Business Chapter 1
factors of production
business functions
capital goods
Dividends
labour, land, enterprise, capital
human resources, marketing, finance and accounts, operation m…
goods used to produce other goods
Portion of a profit paid to the shareholders by the company a…
factors of production
labour, land, enterprise, capital
business functions
human resources, marketing, finance and accounts, operation m…
20 terms
Foundations of Business Chapter 1
Profit
Expenses (translation)
Loss
What are the four resources necessary…
(Beneficio) What remains after all business expenses have bee…
gastos
A negative profit which results when a firm's expenses are gr…
Human Resources, Material Resources, Informational Resources,…
Profit
(Beneficio) What remains after all business expenses have bee…
Expenses (translation)
gastos
29 terms
Business Law- Chapter 1
Administrative agency
Business ethics
Business law
Case law
governmental body formed to carry out particular laws
ethical principles used in making business decisions
group of laws that governs business situations and transactions
made when an appellate court endorses a rule to be used in de…
Administrative agency
governmental body formed to carry out particular laws
Business ethics
ethical principles used in making business decisions
9 terms
Business Concepts - Chapter 1
Needs
Business
Resources
Competition
Things we must have to survive.
Any activity that seeks profit by providing goods or services…
Anything that people can use to make or obtain what they want…
The contest between businesses to win customers.
Needs
Things we must have to survive.
Business
Any activity that seeks profit by providing goods or services…
30 terms
Introduction to Business - Chapter 1
business
profits
nonprofits
factors of production
activities and enterprises that provide goods and services in…
rewards for businesspeople who take the risks involved to off…
organization that has primary objectives such as public servi…
four basic inputs for effective operation: natural resources,…
business
activities and enterprises that provide goods and services in…
profits
rewards for businesspeople who take the risks involved to off…
25 terms
Business Management Chapter 1
Business
Production
Marketing
Finance
An organization that produces or distributes a good or servic…
Making a product or providing a service.
The activities between business and customers involved in buy…
All the money matters involved in running a business
Business
An organization that produces or distributes a good or servic…
Production
Making a product or providing a service.
30 terms
Chapter 1 Business Management
Management
Planning
Organizing
Implementing
Process of accomplishing the goals of an organization through…
Involves analyzing information and making decisions about wha…
Concerned with determining how plans can be accomplished more…
Focuses on carrying out the plans and helping employees to wo…
Management
Process of accomplishing the goals of an organization through…
Planning
Involves analyzing information and making decisions about wha…
18 terms
Business Communication - Chapter 1 Vocabulary
Communication
Message
Verbal Symbols
Nonverbal Symbols
is the process used to send and interpret messages so they ar…
is an idea expressed by a set of symbols.
are words used in a spoken or written message.
are actions or conditions that express a meaning. Gestures, p…
Communication
is the process used to send and interpret messages so they ar…
Message
is an idea expressed by a set of symbols.
9 terms
Intro to Business Chapter 1
Goods
Business
Services
Wants
Material things that can be physically weighed or measured
Any activity that seeks profit by providing goods or services…
Tasks that people or machines perform
Things that we wish we could have, as opposed to needs
Goods
Material things that can be physically weighed or measured
Business
Any activity that seeks profit by providing goods or services…
15 terms
Introduction to Business Chapter 1
Wants
Needs
Goods
Public wants
Things that you do not have to have to survive but would like…
Things you must have to survive.
Physical products
Wants that are widely shared by many people.
Wants
Things that you do not have to have to survive but would like…
Needs
Things you must have to survive.
Business Essentials: Chapter 1
B2B
B2C
Socialism
Capitalism
a transaction between businesses (business selling to busines…
a transaction between business and individuals (consumers, cl…
a kind of command economy in which government owns and direct…
an economic system in which markets determine what to produce
B2B
a transaction between businesses (business selling to busines…
B2C
a transaction between business and individuals (consumers, cl…
24 terms
Understanding Business Chapter 1
business
profit
entrepreneur
revenue
Any activity that seeks to provide goods and services to othe…
The amount of money a business earns above and beyond what it…
A person who risks time and money to start and manage a busin…
The total amount of money a business takes in during a given…
business
Any activity that seeks to provide goods and services to othe…
profit
The amount of money a business earns above and beyond what it…
13 terms
Intro to Business Chapter 1 Vocab
Wants
Needs
Goods
Services
Things a person does not have to have to survive, but would l…
Things you must have to survive
Physical products
Tasks that businesses perform for consumers
Wants
Things a person does not have to have to survive, but would l…
Needs
Things you must have to survive
71 terms
Business Law, Chapter 1
Law
The functions of law / descriptions of…
Philosophies on the development of the…
Philosophies of the development of law…
a set of standards and rules by which we justify our conduct…
1. to shape moral standards... 2. to maintain the status quo... 3.…
schools of jurisprudential thought *the adjective describing…
A Cranky Squirrel Commands Natural History... A = the Analytica…
Law
a set of standards and rules by which we justify our conduct…
The functions of law / descriptions of…
1. to shape moral standards... 2. to maintain the status quo... 3.…
25 terms
Business Management Chapter 1
Management
Efficiency
Effectiveness
Planning
getting work done through others
getting work done with a minimum of effort, expense, or waste
accomplishing tasks that help fulfill organizational objectives
determining organizational goals and a means for achieving them
Management
getting work done through others
Efficiency
getting work done with a minimum of effort, expense, or waste
26 terms
SSICP Business Chapter 1
competitors
command economy
demand
entrepreneur
Businesses offering very similar products to the same custome…
An economic system in which the government makes all the econ…
The quantity of a good or service that consumers are willing…
The risk taker who uses resources in a new way to create a ne…
competitors
Businesses offering very similar products to the same custome…
command economy
An economic system in which the government makes all the econ…
10 terms
Business Chapter 1
Wants
Needs
Goods
Services
Things that you do not have to have to survive, but would lik…
Things that you must have in order to survive.
Physical products.
Tasks that businesses perform for consumers.
Wants
Things that you do not have to have to survive, but would lik…
Needs
Things that you must have in order to survive.
12 terms
People in Business - Chapter 1
Stakeholders
Entrepreneur
Interest group
Lobbying
The people who play a part in the operation of a business and…
One of the key stakeholders. They display initiative in comin…
An organisation which represents a particular group of people…
Trying to persuade the decision-maker through an organised ca…
Stakeholders
The people who play a part in the operation of a business and…
Entrepreneur
One of the key stakeholders. They display initiative in comin…
17 terms
Global Business Chapter 1
Emerging economies (emerging markets)
Global Business
Reverse innovation
Triad
countries that are starting to emerge as new players in the w…
business around the globe... Activites include:... (1) internationa…
an innovation that is adopted first in emerging economies and…
refers to the developed economies in the three regions that c…
Emerging economies (emerging markets)
countries that are starting to emerge as new players in the w…
Global Business
business around the globe... Activites include:... (1) internationa…
32 terms
Business Law ~ Chapter 1
Administrative agency
Business ethics
Business law
Case law
governmental body formed to carry out particular laws
ethical principles used in making business decisions
group of laws that governs business situations and transactions
made when an appellate court endorses a rule to be used in de…
Administrative agency
governmental body formed to carry out particular laws
Business ethics
ethical principles used in making business decisions
12 terms
Business Law - Chapter 1
Plaintiff
Defendent
Stare Decisis
Common Law
Party Suing
Party being Sued
Stand in decided cases
Court case law
Plaintiff
Party Suing
Defendent
Party being Sued
18 terms
Business Law- Chapter 1
laws
code
common law
positive law
enforceable rules of conduct in a society
laws grouped into an organized form
law based on the customs of a group of people
law dictated from above
laws
enforceable rules of conduct in a society
code
laws grouped into an organized form
14 terms
Chapter 1 senior business
Interest group
Stakeholder
Co operative
Dynamic
Group which tries influence the decisions of a company
Anyone who has an impact on the way in which a business is run
A relationship that work together to achieve common goals
Where stakeholder relationships are constantly changing
Interest group
Group which tries influence the decisions of a company
Stakeholder
Anyone who has an impact on the way in which a business is run
13 terms
Business Math (Chapter 1): Payroll
Annual
Bi-weekly/biweekly
Commission
Gross earnings
An action completed once each year.
An action completed twice a week, or every other week.
A payment based on sales volume. This is a common component o…
The amount earned before deductions (money taken away).
Annual
An action completed once each year.
Bi-weekly/biweekly
An action completed twice a week, or every other week.
32 terms
Business Law ~ Chapter 1 Terms
Administrative agency
Business ethics
Business law
Case law
governmental body formed to carry out particular laws
ethical principles used in making business decisions
group of laws that governs business situations and transactions
made when an appellate court endorses a rule to be used in de…
Administrative agency
governmental body formed to carry out particular laws
Business ethics
ethical principles used in making business decisions
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