Study sets matching "business chapter 17"

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Study sets matching "business chapter 17"

19 terms
AICE Business Chapter 17
Market Research
Primary Research
Secondary Research
Qualitative Research
this is the process of collecting, recording and analyzing da…
the collection of first-hand data that is directly related to…
collection of data form second-hand source
research into the in-depth motivations behind consumer buying…
Market Research
this is the process of collecting, recording and analyzing da…
Primary Research
the collection of first-hand data that is directly related to…
8 terms
Business Management Chapter 17
conflict
interpersonal conflict
intergroup conflict
organizational conflict
the struggle between people with opposing needs, wishes, or d…
occurs between individuals and arises when they perceive or v…
occurs between groups or departments and causes friction in a…
occurs between employees and the organization itself
conflict
the struggle between people with opposing needs, wishes, or d…
interpersonal conflict
occurs between individuals and arises when they perceive or v…
Business Concepts - Chapter 17
financial plan
owner's equity
financial manager
financial forecast
The ______ charts incoming and outgoing funds and outlines us…
______ is equal to the total assets of the business minus the…
The person in charge of a business's financial planning, fund…
An estimate of the future business climate for the company.
financial plan
The ______ charts incoming and outgoing funds and outlines us…
owner's equity
______ is equal to the total assets of the business minus the…
49 terms
Business (Chapter 17)
Accounting
Accounting System
Managerial Accounting
Certified Management Accountant (CMA)
the recording, classifying, summarizing and interpreting of f…
the method that is used to record and summarize accounting da…
accounting used to provide information and analyses to manage…
a professional accountant who has met certain educational and…
Accounting
the recording, classifying, summarizing and interpreting of f…
Accounting System
the method that is used to record and summarize accounting da…
Business Law - Chapter 17
Contract for Sale
Existing Goods
Future Goods
Contract to Sell
A legally enforceable agreement
Goods owned by the seller
These goods do not exist at the time of the sales transaction
An agreement to sell future goods
Contract for Sale
A legally enforceable agreement
Existing Goods
Goods owned by the seller
44 terms
Business Essentials - Chapter 17
Automatic bill payment
Automatic teller machine
Bank money order
Bank reconciliation
a service by which a bank deducts a payment from your account…
a computerized device that allows customers to make bank tran…
a form sold by a bank stating that money is to be paid to a s…
the document created to show how your own record of your chec…
Automatic bill payment
a service by which a bank deducts a payment from your account…
Automatic teller machine
a computerized device that allows customers to make bank tran…
36 terms
Business Chapter 17
accounting
bookkeeping
financial accounting
management acct
analyzing and reviewing PAST financial transactions
no analysis, only recording info
accounting that deals with financial info for OUTSIDE users (…
accounting that deals with financial info for managers INSIDE…
accounting
analyzing and reviewing PAST financial transactions
bookkeeping
no analysis, only recording info
55 terms
Business Chapter 17
data
information
database
knowledge management
numerical or verbal descriptions that usually result from som…
data presented in a form that is useful for a specific purpose
a single collection of data and information stored in one pla…
a firm's procedures for generating, using, and sharing the da…
data
numerical or verbal descriptions that usually result from som…
information
data presented in a form that is useful for a specific purpose
18 terms
Principles of Business - Chapter 17
Federal Reserve System
Commercial bank
Credit Union
Blank endorsement
Created by the federal government to supervise and regulate m…
Provide services such as accepting deposits, making business…
A user owned, not-for-profit financial institution. They serv…
only has the endorser's name
Federal Reserve System
Created by the federal government to supervise and regulate m…
Commercial bank
Provide services such as accepting deposits, making business…
6 terms
Communication in business - Chapter 17
Communication
Communication barriers
Communication channels
Communication media
The sending and receiving of messages
Things that get in the way of communication
Routes along which information might travel in a business
The different methods by which information can be sent
Communication
The sending and receiving of messages
Communication barriers
Things that get in the way of communication
10 terms
Consumer Protection- Chapter 17 Business Law
Caveat Emptor
Caveat Venditor
Adulterated
Cooling-Off rule
Latin phrase translated as "Let the buyer beware".
Latin phrase translated as "Let the seller Beware"
Product that contains any substance mixed or packed with it t…
Rule which gives consumers three business days to cancel most…
Caveat Emptor
Latin phrase translated as "Let the buyer beware".
Caveat Venditor
Latin phrase translated as "Let the seller Beware"
20 terms
Business chapter 17
operations management
efficiency vs. effectiveness
goods
services
Concerned with activities involved in creating value by produ…
Lowest cost vs. Creating value
Tangible product that can be seen and touched
Intangible, experienced and not consumed
operations management
Concerned with activities involved in creating value by produ…
efficiency vs. effectiveness
Lowest cost vs. Creating value
32 terms
Intro to Business - Chapter 17 - Managing Business Finances
Set of documents that outline the esse…
Money supplied by investors, banks, or…
Estimate of a business's financial out…
Plan specifying how money will be used…
Financial Plan
Capital
Financial Forecast
Buget
Set of documents that outline the esse…
Financial Plan
Money supplied by investors, banks, or…
Capital
42 terms
Understanding Business Chapter 17
Accounting
Managerial Accounting
Certified Management Accountant (CMA)
Financial Accounting
The recording, classifying, summarizing, and interpreting of…
Accounting used to provide information and analyses to manage…
A professional accountant who has met certain educational and…
Accounting information and analyses prepared for people outsi…
Accounting
The recording, classifying, summarizing, and interpreting of…
Managerial Accounting
Accounting used to provide information and analyses to manage…
59 terms
Business Chapter 17
Time Value of Money
Compound Growth
The Rule of 72
Stock
principle that invested money grows, over time, by earning in…
compounding of interest over time—with each additional time p…
can find the number of years needed to double your money by d…
portion of ownership of a corporation
Time Value of Money
principle that invested money grows, over time, by earning in…
Compound Growth
compounding of interest over time—with each additional time p…
Business Chapter 17
Time Value of Money
Compound Growth
Stock
Common Stock
Principle that invested money grows, over time, by earning in…
Compounding of interest over time-with each additional time p…
Portion of ownership of a corporation
Most basic form of ownership, including voting rights on majo…
Time Value of Money
Principle that invested money grows, over time, by earning in…
Compound Growth
Compounding of interest over time-with each additional time p…
Introduction to Business Chapter 17
Accounting
Managerial accounting
Certified Management accounting
Financial Accounting
the process of systematically collecting, analyzing, and repo…
Provides information and analysis to managers INSIDE the orga…
a professional accountant who has met certain educational and…
The financial information and analysis is created for people…
Accounting
the process of systematically collecting, analyzing, and repo…
Managerial accounting
Provides information and analysis to managers INSIDE the orga…
Business Chapter 17
Operations Management
efficiency
effectiveness
goods
managing all of the activities involved in creating value by…
producing output or achieving a goal at the lowest cost
using resources to create value by providing customers with g…
tangible products
Operations Management
managing all of the activities involved in creating value by…
efficiency
producing output or achieving a goal at the lowest cost
16 terms
Introduction to Business Chapter 17 terms
policy
rule
credit
return policy
a statement of guiding principles and procedures that serves…
a standard that is set forth to guide behavior or actions
an arrangement for deferred payment for goods and services
establishes the conditions under which items that have been o…
policy
a statement of guiding principles and procedures that serves…
rule
a standard that is set forth to guide behavior or actions
13 terms
Business 2 Chapter 17 Vocab
bank reconciliation
bank statement
commercial bank
check register
a statement showing how the checkbook balance and the bank st…
a report sent by the bank to a depositor showing the status o…
a bank that offers a full range of financial services
a separate form on which the depositor keeps a record of depo…
bank reconciliation
a statement showing how the checkbook balance and the bank st…
bank statement
a report sent by the bank to a depositor showing the status o…
21 terms
Chapter 17- Intro to Business
Financial Plan
Capital
Financial Forecast
Budget
a set of documents that outline the essential financial facts…
money supplied by investors, banks, or owners of a business
an estimate of a business's financial outlook for each of the…
a plan specifying how money will be used or spent during a pa…
Financial Plan
a set of documents that outline the essential financial facts…
Capital
money supplied by investors, banks, or owners of a business
42 terms
Understanding Business Chapter 17
Accounting
Managerial Accounting
Certified Management Accountant
Financial Accounting
The recording, classifying, summarizing, and interpreting of…
Accounting used to provide information and analyses to manage…
A professional accountant who has met certain educational and…
Accounting information and analyses prepared for people for p…
Accounting
The recording, classifying, summarizing, and interpreting of…
Managerial Accounting
Accounting used to provide information and analyses to manage…
43 terms
chapter 17 business terms
Accounting
Managerial accounting
Certified Management Accountant (CMA)
Financial accounting
The recording, classifying, summarizing, and interpreting of…
provides information and analysis to managers inside the orga…
a professional accountant who has met certain educational and…
Accounting information and analyses prepared for people outsi…
Accounting
The recording, classifying, summarizing, and interpreting of…
Managerial accounting
provides information and analysis to managers inside the orga…
business marketing chapter 17
advertising response function
institutional advertising
product advertising
advocacy advertising
a phenomenon in which spending for advertising and sales prom…
a form of advertising designed to enhance a company image rat…
a form of advertising that touts the benefits of a specific g…
a form of advertising in which an organization expresses its…
advertising response function
a phenomenon in which spending for advertising and sales prom…
institutional advertising
a form of advertising designed to enhance a company image rat…
Business Management - Chapter 17
Accounting
Managerial Accounting
Certified Management Accountant (CMA)
Financial Accountant
The recording, classifying, summarizing, and interpreting of…
Accounting used to provide information and analyses to manage…
A professional accountant who has met certain educational and…
Accounting information and analyses prepared for people outsi…
Accounting
The recording, classifying, summarizing, and interpreting of…
Managerial Accounting
Accounting used to provide information and analyses to manage…
12 terms
Business: Chapter 17
financial plan
capital
financial forecast
budget
set of documents that outline the essential financial facts a…
money supplied by investors, banks, owners of a business
an estimate of a business' financial outlook for the next few…
a plan specifying how money will be used or spent during a pe…
financial plan
set of documents that outline the essential financial facts a…
capital
money supplied by investors, banks, owners of a business
Business Chapter 17
Federal Reserve System
commercial bank
credit union
Federal Deposit Insurance Corporation
supervise and regulate member banks serve the public efficien…
most common way for a bank to be organized
user owned, not-for-profit, cooperative financial institution
the federal agency that helps to regulate banks and other fin…
Federal Reserve System
supervise and regulate member banks serve the public efficien…
commercial bank
most common way for a bank to be organized
28 terms
Business Research Methods Chapter 17
descriptive statistic
inferential statistics
sample statistics
population parameters
statistics that summarize and describe the data in a sample
using statistics to project characteristics from a sample to…
variables in a sample or measures computed from sample data
variables in a population or measured characteristics of the…
descriptive statistic
statistics that summarize and describe the data in a sample
inferential statistics
using statistics to project characteristics from a sample to…
28 terms
Understanding Business: Chapter 17
Generally Accepted Accounting Principl…
Financial Accounting
Managerial Accounting
Assets
standard framework of guidelines for financial accounting
Accounting information and analyses prepared for people outsi…
Accounting used to provide information and analyses to manage…
Economic resources (things of value) owned by a firm
Generally Accepted Accounting Principl…
standard framework of guidelines for financial accounting
Financial Accounting
Accounting information and analyses prepared for people outsi…
Principles of Business Chapter 17
automatic bill payment
automatic teller machine
bank money order
bank reconciliation
a service by which a bank deducts from your account and trans…
a computerized device that allows customers to make bank tran…
a form sold by a bank stating that money is to be paid to a s…
the document created to show how your own record of your chec…
automatic bill payment
a service by which a bank deducts from your account and trans…
automatic teller machine
a computerized device that allows customers to make bank tran…
63 terms
Business 1101: Chapter 17
Time Value of Money
Compound growth
Rule of 72
Stock
Principle that invested money grows overtime by earning inter…
Compounding of interest overtime - with each additional time…
Find the number of years to double your money by dividing ann…
Portion of ownership of a corporation
Time Value of Money
Principle that invested money grows overtime by earning inter…
Compound growth
Compounding of interest overtime - with each additional time…
32 terms
Chapter 17 - Managing Business Finances
Set of documents that outline the esse…
Money supplied by investors, banks, or…
Estimate of a business's financial out…
Plan specifying how money will be used…
Financial Plan
Capital
Financial Forecast
Buget
Set of documents that outline the esse…
Financial Plan
Money supplied by investors, banks, or…
Capital
35 terms
Contemporary Business Chapter 17
Finance
Financial Managers
Vice President for Financial Management
Treasurer
Planning, obtaining, and managing a company's funds to accomp…
Executive who develops and implements the firm's financial pl…
Is responsible for preparing financial forecasts and analyzin…
Is responsible for all of the company's financing activities,…
Finance
Planning, obtaining, and managing a company's funds to accomp…
Financial Managers
Executive who develops and implements the firm's financial pl…
53 terms
Business MGMT Chapter 17
annual report
bonds payable
depreciation
income statement
an audited document required by the SEC containing financial…
long-term debt owed by a company to investors who have purcha…
noncash expense that reduces the value of an asset over a pre…
a financial statement that summarizes a firm's performance an…
annual report
an audited document required by the SEC containing financial…
bonds payable
long-term debt owed by a company to investors who have purcha…
AICE Business Chapter 17
Market Research
Primary Research
Secondary Research
Qualitative Research
this is the process of collecting, recording and analyzing da…
collection of first-hand data that is directly related to a f…
collection of data form second-hand source
research into the motivations behind consumer buying opinions…
Market Research
this is the process of collecting, recording and analyzing da…
Primary Research
collection of first-hand data that is directly related to a f…
26 terms
Business Law Chapter 17
Administrative Law
Primary sources of admin law
Administrative Procedures Act
Administrative Agency
Consists of statutes that define the authority and structure…
1) the enabling statutes of admin agencies... 2) Admin Procedure…
- determines the primary structure of admin law... - enacted in…
given authority to investigate violations of agency rules and…
Administrative Law
Consists of statutes that define the authority and structure…
Primary sources of admin law
1) the enabling statutes of admin agencies... 2) Admin Procedure…
Understanding Business Chapter 17
accounting
accounting system
managerial accounting
certified management accountant (CMA)
the recording, classifying, summarizing, and interpreting of…
the method we use to record and summarize accounting data int…
accounting used to provide information and analyses to manage…
a professional accountant who has met certain educational and…
accounting
the recording, classifying, summarizing, and interpreting of…
accounting system
the method we use to record and summarize accounting data int…
40 terms
Business Management Chapter 17
Moore's law
Raw data
Information
First-mover advantage
the prediction that about every two years, computer processin…
facts and figures
useful data that can influence people's choices and behavior
the strategic advantage that companies earn by being the firs…
Moore's law
the prediction that about every two years, computer processin…
Raw data
facts and figures
17 terms
Business Law-Chapter 17
Sales Contract
Sale
Tangible Property
Intangible Property
A contract for the sale of all goods
The passing of title to property from the seller to the buyer…
Property that has physical existence and can be distinguished…
Property that cannot be seen or touched but exists only conce…
Sales Contract
A contract for the sale of all goods
Sale
The passing of title to property from the seller to the buyer…
19 terms
Chapter 17- Business Law
Articles of partnership
Buyout price
Buy-sell agreement
Charging order
A written agreement that sets forth each partner's rights and…
The amount payable to a partner on his or her dissociation fr…
In the context of partnerships, an express agreement made at…
In partnership law, an order granted by a court to a judgment…
Articles of partnership
A written agreement that sets forth each partner's rights and…
Buyout price
The amount payable to a partner on his or her dissociation fr…
21 terms
business chapter 17
Financial Plan
capital
financial forecast
budget
set of documents that outline the essential financial facts a…
money supplied by investors, banks, or owners of a business
an estimate of a business financial outlook for each of the n…
plan specifying how money will be used or spent during a part…
Financial Plan
set of documents that outline the essential financial facts a…
capital
money supplied by investors, banks, or owners of a business
Business Administration - Chapter 17
Operations management
Efficency
Effectiveness
Goods
Managing all of the activities involved in creating value by…
Producing output or achieving a goal at the lowest cost
Using resources to create value by providing customers with g…
Tangible goods
Operations management
Managing all of the activities involved in creating value by…
Efficency
Producing output or achieving a goal at the lowest cost
29 terms
Chapter 17- Intro to Business
Financial Plan
Capital
Financial Forecast
Budget
a set of documents that outline the essential financial facts…
money supplied by investors, banks, or owners of a business
an estimate of a business's financial outlook for each of the…
a plan specifying how money will be used or spent during a pa…
Financial Plan
a set of documents that outline the essential financial facts…
Capital
money supplied by investors, banks, or owners of a business
Business Law Chapter 17
bailment
bailor
bailee
actual bailments
transfer of possession of personal property without transfer…
party who gives up possession of the property
person having a temporary possession and control of another p…
bailee's receipt and acceptance of the goods themselves
bailment
transfer of possession of personal property without transfer…
bailor
party who gives up possession of the property
Business Law Chapter 17
Condition
Express Condition
Satisfaction
Subjective Satisfaction
an event whose happening or non-happening affects a duty of p…
contingency explicitly set forth in language
express condition making performance contingent upon one part…
approval based upon a party's honestly held opinion
Condition
an event whose happening or non-happening affects a duty of p…
Express Condition
contingency explicitly set forth in language
12 terms
Business 17 Chapter 17
Reals estate investment types
Direct investment *
Indirect investment *
REIT... (Real estate investment trust) *
1. Direct:... 2. Indirect
Hold legal title to the property... - Primary home, vacation ho…
Trustee holds legal title... - Real estate syndicates of limite…
A firm that pools investor funds and invests them in real est…
Reals estate investment types
1. Direct:... 2. Indirect
Direct investment *
Hold legal title to the property... - Primary home, vacation ho…
42 terms
Intro to Business Chapter 17
accounting
managerial accounting
certified management accountant (CMA)
financial accounting
the recording, classifying, summarizing, and interpreting of…
accounting used to provide information and analyses to manage…
a professional accountant who has met certain educational and…
accounting information and analyses prepared for people outsi…
accounting
the recording, classifying, summarizing, and interpreting of…
managerial accounting
accounting used to provide information and analyses to manage…
61 terms
Chapter 17 Business Law
Without legal assent, a contract can be:
In contract law, ____ is an erroneous…
Which of the following is true of unil…
In a mutual mistake:
voidable
a mistake of fact
A unilateral mistake is the result of an error by one party a…
when both parties are mistaken about a current or past materi…
Without legal assent, a contract can be:
voidable
In contract law, ____ is an erroneous…
a mistake of fact
Business Law Chapter 17
Dormant Partner
General Partner
Limited Partner
Nominal Partner
A partner who is not active in the management of the business…
Those individuals actively and opening engaged in the busines…
Partners who have their liability for the firms debt limited…
A person who holds himself out as a partner but in fact does…
Dormant Partner
A partner who is not active in the management of the business…
General Partner
Those individuals actively and opening engaged in the busines…
Chapter 17 Business Essentials
financial planning
capital
financial forecast
budget
A set of documents that outline the essential financial facts…
Money supplied by investors, banks, or owners of a business
An estimate of a business's financial outlook for each of the…
A plan specifying how money will be issued or spent during a…
financial planning
A set of documents that outline the essential financial facts…
capital
Money supplied by investors, banks, or owners of a business
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