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Study sets matching "business management unit 5"

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Study sets matching "business management unit 5"

59 terms
Unit 5 - Business, Management, & Entrepreneurship
Business
Insurance
Management
Entrepreneur
any activity that seeks to provide goods and services to othe…
a written contract that includes a promise of reimbursement i…
the process used to accomplish organizational goals through p…
someone who organizes a business venture and assumes the risk…
Business
any activity that seeks to provide goods and services to othe…
Insurance
a written contract that includes a promise of reimbursement i…
57 terms
Arkansas Business Management Unit 5
Accounting
Accounting equation
Accounts payable
Accounts receivable
a systematic process of recording and reporting the financial…
Assets = Liabilities + Capital
money owed for credit purchases
the amount owed by customers
Accounting
a systematic process of recording and reporting the financial…
Accounting equation
Assets = Liabilities + Capital
20 terms
Business Management, Unit 5 - Chapter 3
economy
resources
factors of production
infrastructure
Is the organized way a nation provides for the needs and want…
All things used in producing goods and services.
Used by economists when talking about the economic resources.
The physical development of a country
economy
Is the organized way a nation provides for the needs and want…
resources
All things used in producing goods and services.
15 terms
Business Management, Unit 5 - Chapter 8
Communication (p. 191)
Channels/media (p. 191)
Feedback (p. 191)
Barriers (p. 191)
The process of exchanging messages between a sender and recei…
Are the avenues through which messages are delivered
A receivers response to a message
Obstacles that interfere with the understanding of a message.
Communication (p. 191)
The process of exchanging messages between a sender and recei…
Channels/media (p. 191)
Are the avenues through which messages are delivered
57 terms
Arkansas Business Management Unit 5
Accounting
Accounting equation
Accounts payable
Accounts receivable
a systematic process of recording and reporting the financial…
Assets = Liabilities + Capital
money owed for credit purchases
the amount owed by customers
Accounting
a systematic process of recording and reporting the financial…
Accounting equation
Assets = Liabilities + Capital
57 terms
AR Business Management Unit 5
Accounting
Accounting equation
Accounts payable
Accounts receivable
a systematic process of recording and reporting the financial…
Assets=Liabilities + Capital.
money owed for credit purchases.
the amount owed by customers.
Accounting
a systematic process of recording and reporting the financial…
Accounting equation
Assets=Liabilities + Capital.
57 terms
Arkansas Business Management Unit 5
Accounting
Accounting equation
Accounts payable
Accounts receivable
a systematic process of recording and reporting the financial…
Assets = Liabilities + Capital
money owed for credit purchases
the amount owed by customers
Accounting
a systematic process of recording and reporting the financial…
Accounting equation
Assets = Liabilities + Capital
57 terms
AR Business Management Unit 5
Accounting
Accounting equation
Accounts payable
Accounts receivable
a systematic process of recording and reporting the financial…
Assets=Liabilities + Capital.
money owed for credit purchases.
the amount owed by customers.
Accounting
a systematic process of recording and reporting the financial…
Accounting equation
Assets=Liabilities + Capital.
64 terms
IB Business & Management Unit 5 Operations Management
Batch Production
Capital intensive
Cell production
Flow production
involves producing a set of identical products. Work on each…
means that the manufacturing or provision of a product relies…
is a method of production that organizes workers into indepen…
is a form of mass production whereby different operations are…
Batch Production
involves producing a set of identical products. Work on each…
Capital intensive
means that the manufacturing or provision of a product relies…
24 terms
Business Management Unit 5
Management Control
Elements of Control
Goals of Management Control
The Sequence of Management Control
the process oriented to verify the advancement status of plan…
Structure... Tools... Procedures
Achieving objectives... Protect of firms assets... Measure of firms…
Planning ... Programming ... Result Checking ... Shift Analysis... Correc…
Management Control
the process oriented to verify the advancement status of plan…
Elements of Control
Structure... Tools... Procedures
19 terms
Management business unit 5
bandwagon
eye appeal
expert says
special offer
This approach says that our product is so good that everyone…
Photographs or Pictures show how good the product looks in or…
-A spokesperson serves as an authority in an area related to…
Customer is offered something extra in addition to the produc…
bandwagon
This approach says that our product is so good that everyone…
eye appeal
Photographs or Pictures show how good the product looks in or…
19 terms
Business Management Unit 5
Communication
Media Richness
Negotiation
Frame of Referance
Sharing and discussing ideas with others
indicates how well someone conveys information
Mutual discussion and arrangement of the terms of a transacti…
a set of criteria or stated values in relation to which measu…
Communication
Sharing and discussing ideas with others
Media Richness
indicates how well someone conveys information
Unit 5 Business Management
Entrepreneurs
Business Plan
Why do people fail with their business…
Business Cycle
start businesses, half of which fail within the first five to…
A written document that describes the nature of the business,…
They did not prepare a business plan.... Their plan was unrealis…
A pattern of irregular but repeated expansion and contraction…
Entrepreneurs
start businesses, half of which fail within the first five to…
Business Plan
A written document that describes the nature of the business,…
65 terms
Business & Management unit 5 key words
Job production
Batch production
Flow production
Mass production
Producing a one off item specially designed for the customer.
Producing a limited number of identical products- each item i…
Producing items in a continually moving process- also known a…
Producing large quantities of one standardised item.
Job production
Producing a one off item specially designed for the customer.
Batch production
Producing a limited number of identical products- each item i…
12 terms
Unit 5 Vocabulary - Business Management
Regulations
Sole proprietorship
Partnership
Corporation
Rules that government agencies issue to implement laws
A business owned by a single individual, or proprietor.
An association of two or more person who jointly own a for-pr…
A business formed under state or federal statutes that is aut…
Regulations
Rules that government agencies issue to implement laws
Sole proprietorship
A business owned by a single individual, or proprietor.
16 terms
Unit 5: Managing the Business
benefits
bonus
commission
delegate
employee's rewards for service in addition to salary
financial reward in addition to a regular wage or salary
a percentage of a sale paid to a salesperson
let other people share workloads and responsibilities
benefits
employee's rewards for service in addition to salary
bonus
financial reward in addition to a regular wage or salary
16 terms
Unit 5: Managing the Business
Benefits
Bonus
Commission
Delegate
employee's rewards for service in addition to salary
financial reward in addition to a regular wage or salary
a percentage of a sale paid to a salesperson
let other people share workloads and responsibilities
Benefits
employee's rewards for service in addition to salary
Bonus
financial reward in addition to a regular wage or salary
16 terms
Forga Business Management Unit 5 - Financial Institutions
Bank
Bond
Check
Collateral
an institution that accepts demand deposits and makes commerc…
a long-term written promise to pay a definite sum of money at…
a written order on a financial institution to pay previously…
property a borrower pledges to assure repayment of a loan
Bank
an institution that accepts demand deposits and makes commerc…
Bond
a long-term written promise to pay a definite sum of money at…
63 terms
IB Business & Management Unit 5 Operations Management
Batch Production
Capital intensive
Cell production
Flow production
involves producing a set of identical products. Work on each…
means that the manufacturing or provision of a product relies…
is a method of production that organizes workers into indepen…
is a form of mass production whereby different operations are…
Batch Production
involves producing a set of identical products. Work on each…
Capital intensive
means that the manufacturing or provision of a product relies…
29 terms
Business Unit 5 Foundations of Management
Federick Winslow Taylor
Principles of Scientific Management
Motion Study
Henry Gantt
> In 1911, Taylor published The Principles of Scientific Mana…
1) Develop for every job rules of motion, standardized work i…
> Frank and Lillian Gilbreth pioneered "motion studies"... > the…
> Gantt developed the Gantt chart, which is used for scheduli…
Federick Winslow Taylor
> In 1911, Taylor published The Principles of Scientific Mana…
Principles of Scientific Management
1) Develop for every job rules of motion, standardized work i…
15 terms
IB Business Management - Unit 5 (Operations Management)
Operational Objectives (5.1)
Influences on Operational Objectives (…
Operations Management (5.1)
Purpose of Operations Management (5.1)
- cost (keep costs down)... - volume (ensuring that goods and se…
- the nature of the product... - demand... - availability of resour…
Step 1: design... Step 2: establishing the supply chain... Step 3:…
creates supply for the demand created by marketing (turns a c…
Operational Objectives (5.1)
- cost (keep costs down)... - volume (ensuring that goods and se…
Influences on Operational Objectives (…
- the nature of the product... - demand... - availability of resour…
IB Business & Management Unit 5 Operations Management
Batch Production
Capital intensive
Cell production
Flow production
involves producing a set of identical products. Work on each…
means that the manufacturing or provision of a product relies…
is a method of production that organizes workers into indepen…
is a form of mass production whereby different operations are…
Batch Production
involves producing a set of identical products. Work on each…
Capital intensive
means that the manufacturing or provision of a product relies…
59 terms
Arkansas Business Management Unit 5
Accounting
Accounting equation
Accounts payable
Accounts receivable
a systematic process of recording and reporting the financial…
Assets = Liabilities + Capital
money owed for credit purchases
the amount owed by customers
Accounting
a systematic process of recording and reporting the financial…
Accounting equation
Assets = Liabilities + Capital
18 terms
Business Unit 5 Goals and Management
Mission Statement
Short-term Goal
Intermediate Goal
Long-term Goal
A organization's statement about how will achieve its purpose…
Goal for less than 1 year
Goal for 1-5 years
Goal for 5+ years
Mission Statement
A organization's statement about how will achieve its purpose…
Short-term Goal
Goal for less than 1 year
76 terms
Unit 5: Understand business credit and risk management
What is RISK?
What is RISK MANAGEMENT?
What are the four possible ways busine…
How does AVOID help with RISK MANAGEME…
-The possibility of incurring a loss.
-It is a systematic process of managing risk to achieve set o…
-Avoid... -Transfer... -Insure ... -Assume
Definition:... -Declining to engage in particular activities.... E…
What is RISK?
-The possibility of incurring a loss.
What is RISK MANAGEMENT?
-It is a systematic process of managing risk to achieve set o…
64 terms
IB Business & Management Unit 5 Operations Management
Batch Production
Capital intensive
Cell production
Flow production
involves producing a set of identical products. Work on each…
means that the manufacturing or provision of a product relies…
is a method of production that organizes workers into indepen…
is a form of mass production whereby different operations are…
Batch Production
involves producing a set of identical products. Work on each…
Capital intensive
means that the manufacturing or provision of a product relies…
16 terms
Unit 5: Managing the Business
benefits
bonus
commission
Delegate
employee's rewards for service in addition to salary
financial reward in addition to a regular wage or salary
a percentage of a sale paid to a salesperson
let other people share workloads and repsonsibilities
benefits
employee's rewards for service in addition to salary
bonus
financial reward in addition to a regular wage or salary
43 terms
Business English Unit 5 Managing basic business situations (2)
to connect
to finalise
itinerary
in general
(Flug, Zug:) Anschluss haben
festlegen, abschließen
Reiseroute, Reiseplan, Programmablauf
im Allgemeinen
to connect
(Flug, Zug:) Anschluss haben
to finalise
festlegen, abschließen
16 terms
Unit 5 managing the business
benefits
bonus
commission
delegate
employee's rewards for service in addition to salary
financial reward in addition to a regular wage or salary
a percentage of a sale paid to a salesperson
let other people share workloads and responsibilites
benefits
employee's rewards for service in addition to salary
bonus
financial reward in addition to a regular wage or salary
25 terms
Business Management Unit 5/Part 1
Accounting
Accounting equation
Accounts payable
Accounts receivable
a systematic process of recording and reporting the financial…
Assets = Liabilities + Capital
money owed for credit purchases
the amount owed by customers
Accounting
a systematic process of recording and reporting the financial…
Accounting equation
Assets = Liabilities + Capital
11 terms
Olive Grove Small Business Management Unit 5 - Financing
start up cost
financial statements
profit and loss
projections
the expenses a firm must pay before it can begin to produce a…
Documents that report on a business in monetary amounts, prov…
Lists all the income and expenses of a business for a certain…
estimates of future possibilities based on current factors.
start up cost
the expenses a firm must pay before it can begin to produce a…
financial statements
Documents that report on a business in monetary amounts, prov…
62 terms
KAA - Small Business Management - Unit 5
Customer Relationship Management (or C…
"The Golden Rule"
goal of CRM in Funeral service
initial CRM support
marketing strategy of maximizing shareholder value through wi…
Treat other people with the concern and kindness you would li…
keeps existing families satisfied so that if a death occurs i…
internally, sales team. Lack of in-house expertise is a major…
Customer Relationship Management (or C…
marketing strategy of maximizing shareholder value through wi…
"The Golden Rule"
Treat other people with the concern and kindness you would li…
16 terms
Burgess--Unit 5-Managing the Business
Benefits
bonus
commission
delegate
employee's rewards for service in addition to salary
financial reward in addition to a regular wage or salary
a percentage of a sale paid to a salesperson
let other people share workloads and responsibilities
Benefits
employee's rewards for service in addition to salary
bonus
financial reward in addition to a regular wage or salary
19 terms
Evan Mogley Business Management Unit 5
Communication
Media Richness
Negotiation
Frame of Reference
A process through which you send messages to and receive mess…
indicates how well a particular medium conveys information an…
Mutual discussion and arrangement of the terms of a transacti…
the sum of a person's knowledge, experience, goals, values, a…
Communication
A process through which you send messages to and receive mess…
Media Richness
indicates how well a particular medium conveys information an…
17 terms
Forga Business Management Unit 5 Investments/Credit/Insurance
Bonding
Capacity
Certificate of Deposit (CD)
Character
provides payment of damages to people who have losses resulti…
earning power
a savings account that requires an investor to deposit a spec…
an indication of one's moral obligation to pay debts
Bonding
provides payment of damages to people who have losses resulti…
Capacity
earning power
10 terms
Business Management Unit 5: Management Control and Types of Organizations
management control
planning
programming
results checking
the process oriented to verify the advancement status of plan…
objectives defined; expected results which are measurable and…
developing procedures to accomplish planned objectives
measuring if company objectives are being achieved
management control
the process oriented to verify the advancement status of plan…
planning
objectives defined; expected results which are measurable and…
33 terms
Unit 5 Business
広告を出す,宣伝する
売り上げ
ブリーフケース,書類かばん
〜に連絡を取る
advertise
sales
briefcase
contact
広告を出す,宣伝する
advertise
売り上げ
sales
45 terms
Unit 5 - Insurance & Risk Management
Insurance
Insurance agent
Insurance policy
Insured
is a method for spreading individual risk among a large group…
is the person who sells insurance to you, the insured. Negoti…
is the contract issued by the insurance company
is the person or company protected against loss... (not always t…
Insurance
is a method for spreading individual risk among a large group…
Insurance agent
is the person who sells insurance to you, the insured. Negoti…
77 terms
Unit 5 - Ch. 6 - Managing the Business Enterprise
managers
management
efficiency
effectiveness
the people who plan, organize, lead and control the operation…
the process of planning, organizing, leading and controlling…
achieving the greatest level of output with a given amount of…
achieving organizational goals
managers
the people who plan, organize, lead and control the operation…
management
the process of planning, organizing, leading and controlling…
71 terms
IGK Unit 5 Managing Basic Business situations
caller
backbone
solar panel
answerphone
Anrufer/-in
Rückgrat
solarzelle
Anrufbeantworter
caller
Anrufer/-in
backbone
Rückgrat
30 terms
IB Business Management OPERATIONS MANAGEMENT 5.5 Production Planning
Stock (inventory)
Manufacturing businesses will hold sto…
Three costs associated with stock hold…
Costs of not holding enough stocks:
Materials and goods required to allow for the production of a…
1. Raw materials and components. These will have been purch…
1. Opportunity cost. Working capital tied up in stocks coul…
1. Lost sales. If a firm is unable to supply customers 'fro…
Stock (inventory)
Materials and goods required to allow for the production of a…
Manufacturing businesses will hold sto…
1. Raw materials and components. These will have been purch…
28 terms
Business Result Elementary Unit 5
apologize
apply for a job
appointment
attach
omluvit se
ucházet se o práci
schůzka
připojit, přiložit
apologize
omluvit se
apply for a job
ucházet se o práci
55 terms
Business Benchmark prelim unit 5
to adjust
to assemble
to be made up of
a blade
to change sth slightly so that it works better, fits better o…
to build sth by joining parts together... zusammenbauen
to be arranged by putting different things together... bestehen…
the flat, sharp, metal part of a knife, tool or weapon... Klinge
to adjust
to change sth slightly so that it works better, fits better o…
to assemble
to build sth by joining parts together... zusammenbauen
66 terms
Unit 5 - Investing, Money Management, Financial Planning - Financial Management
Social security income
Tax deferred
Preferred Stock
Common stock
The monetary benefits received by retired workers who have pa…
Investment earnings such as interest, dividends or capital ga…
A class of ownership in a corporation that has a higher claim…
A security that represents ownership in a corporation. Holder…
Social security income
The monetary benefits received by retired workers who have pa…
Tax deferred
Investment earnings such as interest, dividends or capital ga…
44 terms
Unit 5 - Financial Management
GAAP
financial reports
accounting period
calendar year
Generally accepted accounting principles established to allow…
A statement or document that summarizes the results of a busi…
A block of time, such as a month, a quarter, or a year, cover…
The accounting period of time from January 1 to December 31.
GAAP
Generally accepted accounting principles established to allow…
financial reports
A statement or document that summarizes the results of a busi…
13 terms
Business Result Elem / Unit 5
paperwork
business card
order form
invoice
papeleo
tarjeta de visita
hoja de pedido
factura
paperwork
papeleo
business card
tarjeta de visita
12 terms
Unit 5 Busy home
brushing my teeth
drinking
combing my hair
reading
myć zęby
pić
czesać się
czytać
brushing my teeth
myć zęby
drinking
pić
45 terms
Unit 5 - Insurance & Risk Management
Insurance
Insurance agent
Insurance policy
Insured
is a method for spreading individual risk among a large group…
is the person who sells insurance to you, the insured. Negoti…
is the contract issued by the insurance company
is the person or company protected against loss... (not always t…
Insurance
is a method for spreading individual risk among a large group…
Insurance agent
is the person who sells insurance to you, the insured. Negoti…
9 terms
Business Management - Unit 1, Ch 5
business plan
Small Business Administration
Small Business Development Centers
Sole Proprietorship or Proprietorship
written document that describes the nature of hte busines, th…
a government supported agency that counsels, assists, and pro…
Services and free consulting assistance, including writing bu…
A business owned and managed by one person.
business plan
written document that describes the nature of hte busines, th…
Small Business Administration
a government supported agency that counsels, assists, and pro…
62 terms
IB Business Unit 5 Summary (HL)
added value
ecological sustainability
social sustainability
economic sustainability
the difference between the cost of purchasing raw materials a…
a capacity of ecosystems to maintain their essential function…
the ability of a community to develop processes and structure…
within a business context economic sustainability involves us…
added value
the difference between the cost of purchasing raw materials a…
ecological sustainability
a capacity of ecosystems to maintain their essential function…
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