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Study sets matching "business principles management"

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Study sets matching "business principles management"

22 terms
Ch. 1 Business Principles and Management
Business
Commercial Business
Downsize
Efficiency
An organization that produces or distributes a good or servic…
Firms engaged in marketing, in finance, and in furnishing ser…
To cut back on the goods and services provided and thereby sh…
Producing products and services quickly, at low cost, without…
Business
An organization that produces or distributes a good or servic…
Commercial Business
Firms engaged in marketing, in finance, and in furnishing ser…
35 terms
Principles of Business: Risk Management
Business interruption insurance
Claim
Commercial property insurance
Controllable risk
compensation for ongoing business expenses that occur if a bu…
A policyholder's request for payment for a loss that the insu…
Coverage of property losses resulting from fire, storms, acci…
A risk that you can reduce or eliminate by actions you take
Business interruption insurance
compensation for ongoing business expenses that occur if a bu…
Claim
A policyholder's request for payment for a loss that the insu…
240 terms
DECA: Principles of Business Management and Administration
Discuss the nature of law and sources…
Describe the United States' judicial s…
Describe legal issues affecting busine…
Identify the basic torts relating to b…
Law is used to keep order in civilization. This can be enforc…
The Judiciary is made up of courts -- Supreme, Circuit, the m…
Disgruntled Employees... Discrimination/Harassment Cases... Harassm…
The area of tort law covers a wide range of misconduct, inclu…
Discuss the nature of law and sources…
Law is used to keep order in civilization. This can be enforc…
Describe the United States' judicial s…
The Judiciary is made up of courts -- Supreme, Circuit, the m…
Business Principles & Management Final
business
production
finance
industry
an organization that produces or distributes a good or servic…
making a product or providing a service
all money matters related to running a business
all businesses within a category
business
an organization that produces or distributes a good or servic…
production
making a product or providing a service
24 terms
Business Administration - Principles of Management
Someone who works at Procter & Gamble…
Organizational design decisions are ma…
Environmental Scanning is the act of a…
The Structure of an organization is us…
Line Manager
the structure of the organization
economic conditions, competitors, and customers
in the chain of command (with an organizational chart)
Someone who works at Procter & Gamble…
Line Manager
Organizational design decisions are ma…
the structure of the organization
160 terms
Principles of Business Management
Discuss the nature of law and sources…
Describe the United States' judicial s…
Describe legal issues affecting busine…
Identify the basic torts relating to b…
-laws: enforceable rules of society that reflect the culture…
...
...
Business torts: civil wrongs committed by or against an organ…
Discuss the nature of law and sources…
-laws: enforceable rules of society that reflect the culture…
Describe the United States' judicial s…
...
34 terms
Principles of Business || Managment Organization
Planning
Organizing
Staffing
Implementing
The state in which one analyzes information, sets up goals, a…
The state in which you identify the work and resources that n…
The process of hiring employees, training the employees, and…
The process of directing and leading people in order to accom…
Planning
The state in which one analyzes information, sets up goals, a…
Organizing
The state in which you identify the work and resources that n…
70 terms
Business Management Principles Final
Cohesiveness
Cross Functional Team
Gainsharing
Norms
the extent to which team members are attracted to a team and…
a team composed of employees from different functional areas…
a compensation in which companies share the financial value o…
informally agreed-on standards that regulate team behavior.
Cohesiveness
the extent to which team members are attracted to a team and…
Cross Functional Team
a team composed of employees from different functional areas…
70 terms
Business Management Principles Final
Cohesiveness
Cross Functional Team
Gainsharing
Norms
the extent to which team members are attracted to a team and…
a team composed of employees from different functional areas…
a compensation in which companies share the financial value o…
informally agreed-on standards that regulate team behavior.
Cohesiveness
the extent to which team members are attracted to a team and…
Cross Functional Team
a team composed of employees from different functional areas…
Business Principles and Management Ch. 5
Business plan
Small Business Administration (SBA)
Small Business Development Centers
(Sole) Proprietorship
A written document that describes the nature of the business,…
A government supported agency that counsels, assists, and pro…
Free consulting Assistance services are provided by the SBA at
A business owned and managed by one person (most common form…
Business plan
A written document that describes the nature of the business,…
Small Business Administration (SBA)
A government supported agency that counsels, assists, and pro…
Business Principles and Management: Chapter 9
e-commerce
Internet domain
VoIP Voice over Internet Protocol
dot-com business
doing business online.
is a registered web site
video phones and software that allows several people to share…
a company that does almost all of its business activities thr…
e-commerce
doing business online.
Internet domain
is a registered web site
Business Principles and Management: Chapter 10
Communication
Feedback
Distraction
Distortion
refers to the sharing of information in which the receiver un…
a receiver's response to a sender's message.
anything that interferes with the sender's creating and deliv…
refers to how people consciously or unconsciously change mess…
Communication
refers to the sharing of information in which the receiver un…
Feedback
a receiver's response to a sender's message.
49 terms
Business Principles and Management- Exam Review part 1
downsize
effectiveness
efficiency
empowerment
Reduce the amount and variety goods and services provided and…
Occurs when an organization makes the right decisions about w…
Occurs when an organization produces needed goods or services…
Letting workers decide how to improve the work process.
downsize
Reduce the amount and variety goods and services provided and…
effectiveness
Occurs when an organization makes the right decisions about w…
20 terms
Principles of Business Management
Entrepreneur
Persistent
Aptitudes
Business Plan
Someone who starts their own business
Willing to work until a job is done , no matter how long it t…
Natural abilities that come easy to you
Written document that describes how a business is going to ac…
Entrepreneur
Someone who starts their own business
Persistent
Willing to work until a job is done , no matter how long it t…
DECA: Principles of Business Management and Administration
Discuss the nature of law and sources…
Describe the United States' judicial s…
Describe legal issues affecting busine…
Identify the basic torts relating to b…
Law is used to keep order in civilization. This can be enforc…
The Judiciary is made up of courts -- Supreme, Circuit, the m…
Disgruntled Employees... Discrimination/Harassment Cases... Harassm…
The area of tort law covers a wide range of misconduct, inclu…
Discuss the nature of law and sources…
Law is used to keep order in civilization. This can be enforc…
Describe the United States' judicial s…
The Judiciary is made up of courts -- Supreme, Circuit, the m…
240 terms
DECA: Principles of Business Management and Administration
Discuss the nature of law and sources…
Describe the United States' judicial s…
Describe legal issues affecting busine…
Identify the basic torts relating to b…
Law is used to keep order in civilization. This can be enforc…
The Judiciary is made up of courts -- Supreme, Circuit, the m…
Disgruntled Employees... Discrimination/Harassment Cases... Harassm…
The area of tort law covers a wide range of misconduct, inclu…
Discuss the nature of law and sources…
Law is used to keep order in civilization. This can be enforc…
Describe the United States' judicial s…
The Judiciary is made up of courts -- Supreme, Circuit, the m…
24 terms
Principles of Business Management vocab
principles of morality or rules of con…
rules about how businesses and their e…
the rules and codes of conduct on whic…
occurs when an action by a company or…
ethics
business ethics
principles
conflict of interest
principles of morality or rules of con…
ethics
rules about how businesses and their e…
business ethics
175 terms
Business Principles and Management Midterm
resources
nonrenewable resources
renewable resource
capital resource
anything someone can use to obtain a good/profit
a resource that can be used once
a resource that can be used more than once
non-natural resource
resources
anything someone can use to obtain a good/profit
nonrenewable resources
a resource that can be used once
25 terms
business principles of management
manager
management
planning
organizing
"...someone who plans, organizes, leads, and controls resourc…
...process of planning, organizing, leading, and controlling…
process of setting goals and determining the best way to achi…
Process of arranging and structuring work to accomplish organ…
manager
"...someone who plans, organizes, leads, and controls resourc…
management
...process of planning, organizing, leading, and controlling…
19 terms
Principles of Business Management and Administration
Employee Handbook
By maximizing its profits. The more a…
Proactive behavior, perseverance, posi…
Initiative
These usually provide information about overtime and vacation…
How can a company show social responsibility?
What are some examples of where leadership and emotional inte…
The willingness to act without having to be told to do so, or…
Employee Handbook
These usually provide information about overtime and vacation…
By maximizing its profits. The more a…
How can a company show social responsibility?
613 terms
Business Principles and Management
Chapter 1
business
production
marketing
Characteristics of Business
an organization that produces or distributes a good or servic…
making a product or providing a service
the process of planning and executing the conception, pricing…
Chapter 1
Characteristics of Business
business
an organization that produces or distributes a good or servic…
Principles of business management
Bond
Budget deficit
Budget surplus
Business cycle
A certificate representing a promise to pay a definite amount…
A financial situation that occurs when a government spends mo…
A financial situation that occurs when a government spends le…
The movement of the economy from one condition to another and…
Bond
A certificate representing a promise to pay a definite amount…
Budget deficit
A financial situation that occurs when a government spends mo…
613 terms
Business Principles and Management
Chapter 1
business
production
marketing
Characteristics of Business
an organization that produces or distributes a good or servic…
making a product or providing a service
the process of planning and executing the conception, pricing…
Chapter 1
Characteristics of Business
business
an organization that produces or distributes a good or servic…
29 terms
Economic Principles related to Business Management
Production Functions
Diminishing returns
Profit maximization
Marginal revenue:
Production functions show the relationship between inputs and…
As inputs increase from zero, outputs will increase at an inc…
The profit maximizing point occurs where marginal revenue is…
Marginal revenue is the additional revenue generated from the…
Production Functions
Production functions show the relationship between inputs and…
Diminishing returns
As inputs increase from zero, outputs will increase at an inc…
37 terms
DECA Principles of Business Management
Psychographics
Demographics
Geographics
Place Utility
lifestyle choices, behavior, or personality characteristics
the distribution of human population groups
segmentation of the market based on where people live
the usefulness of a good or service as a function of the loca…
Psychographics
lifestyle choices, behavior, or personality characteristics
Demographics
the distribution of human population groups
30 terms
Business Principles and Management - Exam Review part 4
promotion
retailers
target markets
wholesalers
Providing information to consumerst aht will assist them in m…
Businesses that sell directly to final consumers.
Groups of people with similar needs to whom a business plans…
Businesses that buy from and sell to other businesses.
promotion
Providing information to consumerst aht will assist them in m…
retailers
Businesses that sell directly to final consumers.
19 terms
Principles of Business Management and Administration
Employee Handbook
By maximizing its profits. The more a…
Proactive behavior, perseverance, posi…
Initiative
These usually provide information about overtime and vacation…
How can a company show social responsibility?
What are some examples of where leadership and emotional inte…
The willingness to act without having to be told to do so, or…
Employee Handbook
These usually provide information about overtime and vacation…
By maximizing its profits. The more a…
How can a company show social responsibility?
31 terms
Business Principles and Management Chapter 4
Exchange rate
Low-Context Culture
High-Context Culture
English
the value of one country's currency expressed in the currency…
people communicate directly and explicitly
communication occurs through non-verbal signs and indirect su…
________ has become the language of international business
Exchange rate
the value of one country's currency expressed in the currency…
Low-Context Culture
people communicate directly and explicitly
17 terms
Business Principles and Management Chapter 2
Labor Force
Labor Participation Rate
Comparable Worth
To determine whether work is of equal…
most people aged 16 and over who are available for work (empl…
Percentage of the labor force that is either employed or acti…
Equal pay for comparable work
1) Special skills 2) Job Dangers 3) Education 4)Physical Stre…
Labor Force
most people aged 16 and over who are available for work (empl…
Labor Participation Rate
Percentage of the labor force that is either employed or acti…
22 terms
Business principles and Managment
Financial records
data-processing center
accounts receivable record
Accounts payable record
are organized summaries of a business's financial information…
is a specialized business that provides a full set of compute…
records showing what each customer owes and pays
Businesses must also keep records showing money they owe and…
Financial records
are organized summaries of a business's financial information…
data-processing center
is a specialized business that provides a full set of compute…
30 terms
Business Principles and Management Chapter 1 - Characteristics of Business
business
production
manufacturing firms
service firms
An organization that produces or distributes a good or servic…
Making a product or providing a service
Produce goods
Provide assistance to satisfy specialized needs through skill…
business
An organization that produces or distributes a good or servic…
production
Making a product or providing a service
240 terms
DECA: Principles of Business Management and Administration
Discuss the nature of law and sources…
Describe the United States' judicial s…
Describe legal issues affecting busine…
Identify the basic torts relating to b…
Law is used to keep order in civilization. This can be enforc…
The Judiciary is made up of courts -- Supreme, Circuit, the m…
Disgruntled Employees... Discrimination/Harassment Cases... Harassm…
The area of tort law covers a wide range of misconduct, inclu…
Discuss the nature of law and sources…
Law is used to keep order in civilization. This can be enforc…
Describe the United States' judicial s…
The Judiciary is made up of courts -- Supreme, Circuit, the m…
36 terms
Business Management Principles Chapter 8
Global business
Multinational Corporations
Direct Foreign Investment
Trade Barriers
The buying and selling of goods and services by people from d…
A corporation that owns businesses in two or more countries.
A method of investment in which a company builds a new busine…
Government-imposed regulations that increase the cost and res…
Global business
The buying and selling of goods and services by people from d…
Multinational Corporations
A corporation that owns businesses in two or more countries.
240 terms
DECA: Principles of Business Management and Administration
Discuss the nature of law and sources…
Describe the United States' judicial s…
Describe legal issues affecting busine…
Identify the basic torts relating to b…
Law is used to keep order in civilization. This can be enforc…
The Judiciary is made up of courts -- Supreme, Circuit, the m…
Disgruntled Employees... Discrimination/Harassment Cases... Harassm…
The area of tort law covers a wide range of misconduct, inclu…
Discuss the nature of law and sources…
Law is used to keep order in civilization. This can be enforc…
Describe the United States' judicial s…
The Judiciary is made up of courts -- Supreme, Circuit, the m…
240 terms
DECA: Principles of Business Management and Administration
Discuss the nature of law and sources…
Describe the United States' judicial s…
Describe legal issues affecting busine…
Identify the basic torts relating to b…
Law is used to keep order in civilization. This can be enforc…
The Judiciary is made up of courts -- Supreme, Circuit, the m…
Disgruntled Employees... Discrimination/Harassment Cases... Harassm…
The area of tort law covers a wide range of misconduct, inclu…
Discuss the nature of law and sources…
Law is used to keep order in civilization. This can be enforc…
Describe the United States' judicial s…
The Judiciary is made up of courts -- Supreme, Circuit, the m…
240 terms
DECA: Principles of Business Management and Administration
Discuss the nature of law and sources…
Describe the United States' judicial s…
Describe legal issues affecting busine…
Identify the basic torts relating to b…
Law is used to keep order in civilization. This can be enforc…
The Judiciary is made up of courts -- Supreme, Circuit, the m…
Disgruntled Employees... Discrimination/Harassment Cases... Harassm…
The area of tort law covers a wide range of misconduct, inclu…
Discuss the nature of law and sources…
Law is used to keep order in civilization. This can be enforc…
Describe the United States' judicial s…
The Judiciary is made up of courts -- Supreme, Circuit, the m…
240 terms
DECA: Principles of Business Management and Administration
Discuss the nature of law and sources…
Describe the United States' judicial s…
Describe legal issues affecting busine…
Identify the basic torts relating to b…
Law is used to keep order in civilization. This can be enforc…
The Judiciary is made up of courts -- Supreme, Circuit, the m…
Disgruntled Employees... Discrimination/Harassment Cases... Harassm…
The area of tort law covers a wide range of misconduct, inclu…
Discuss the nature of law and sources…
Law is used to keep order in civilization. This can be enforc…
Describe the United States' judicial s…
The Judiciary is made up of courts -- Supreme, Circuit, the m…
36 terms
Business Management Principles Chapter 8
Global business
Multinational Corporations
Direct Foreign Investment
Trade Barriers
The buying and selling of goods and services by people from d…
A corporation that owns businesses in two or more countries.
A method of investment in which a company builds a new busine…
Government-imposed regulations that increase the cost and res…
Global business
The buying and selling of goods and services by people from d…
Multinational Corporations
A corporation that owns businesses in two or more countries.
99 terms
Principles of Business Management Test 2
Entrepreneurship
Small Business
Decision Making
Decision Making Process
planning, organizing, operating, and assuming the risk of a b…
a business that is privately owned by one individual or a sma…
the act of choosing one alternative from among a set of them
the nature of a decision situation, identifying alternatives,…
Entrepreneurship
planning, organizing, operating, and assuming the risk of a b…
Small Business
a business that is privately owned by one individual or a sma…
79 terms
Business Management Principles Mid-term
Effectiveness
Meta-Analysis
Scientific Management
Gantt Chart
Accomplishing tasks that help fulfill organizational objectiv…
A study of studies, a statistical approach that provides one…
Thoroughly studying and testing different work methods to ide…
A graphic chart that shows which tasks must be completed at w…
Effectiveness
Accomplishing tasks that help fulfill organizational objectiv…
Meta-Analysis
A study of studies, a statistical approach that provides one…
38 terms
Business Principles: Managment
what are the four functions of managem…
what does planning do in the four func…
what does organizing do in the four fu…
what does leading do in the four funct…
-planning... -organizing... -leading... -controlling
determined what the organization needs to do and the best way…
people and resources to help everyone understand their roles…
guiding and motivating employees to meet company objectives.
what are the four functions of managem…
-planning... -organizing... -leading... -controlling
what does planning do in the four func…
determined what the organization needs to do and the best way…
17 terms
Business Principles And Management Ch. 1
the hobbit
commercial businesses
downsize
efficiency
an organization that produces or distributes a good or servic…
firms engaged in marketing, in finance, and in furnishing ser…
to cut back on the goods and services provided and thereby sh…
producing products and services quickly, at low cost, without…
the hobbit
an organization that produces or distributes a good or servic…
commercial businesses
firms engaged in marketing, in finance, and in furnishing ser…
35 terms
Business principles and management chapter 4
International business
Pacific rim
World trade organization (WTO)
Trading bloc
Business activities that occur between two or more countries
Countries on the western edge of the Pacific Ocean
An International organization that creates and enforces the r…
A group of two or more countries who agree to remove all rest…
International business
Business activities that occur between two or more countries
Pacific rim
Countries on the western edge of the Pacific Ocean
30 terms
Business Principles and Management Ch. 3
Economics
Economic wants
Non-economic wants
Utility
The body of knowledge that relates to producing and using goo…
The desire for scarce material goods and services
Desires for non-material things that are not scarce such as a…
The ability of a good or service to satisfy a want
Economics
The body of knowledge that relates to producing and using goo…
Economic wants
The desire for scarce material goods and services
79 terms
Business Management Principles Mid-term
Effectiveness
Meta-Analysis
Scientific Management
Gantt Chart
Accomplishing tasks that help fulfill organizational objectiv…
A study of studies, a statistical approach that provides one…
Thoroughly studying and testing different work methods to ide…
A graphic chart that shows which tasks must be completed at w…
Effectiveness
Accomplishing tasks that help fulfill organizational objectiv…
Meta-Analysis
A study of studies, a statistical approach that provides one…
56 terms
Business Management Principles Chapter 6
ACQUISITION
ANALYZERS
ATTACK
BARGAINING POWER OF BUYERS
The purchase of a company by another company
companies using an adaptive strategy that seeks to minimize r…
A competitive move designed to reduce a rival's market share…
a measure of the influence that customers have on a firm's pr…
ACQUISITION
The purchase of a company by another company
ANALYZERS
companies using an adaptive strategy that seeks to minimize r…
240 terms
DECA: Principles of Business Management and Administration
Discuss the nature of law and sources…
Describe the United States' judicial s…
Describe legal issues affecting busine…
Identify the basic torts relating to b…
Law is used to keep order in civilization. This can be enforc…
The Judiciary is made up of courts -- Supreme, Circuit, the m…
Disgruntled Employees... Discrimination/Harassment Cases... Harassm…
The area of tort law covers a wide range of misconduct, inclu…
Discuss the nature of law and sources…
Law is used to keep order in civilization. This can be enforc…
Describe the United States' judicial s…
The Judiciary is made up of courts -- Supreme, Circuit, the m…
36 terms
Business Principles and Management: Unit 3
Contingent Worker
Board of Directors
Partnership Agreement
Span of Control
no explicit or implicit contract for long-term employment
people who make major policy and financial decisions for a bu…
a written agreement among all owners detailing the rules and…
the number of employees who are assigned to a particular task…
Contingent Worker
no explicit or implicit contract for long-term employment
Board of Directors
people who make major policy and financial decisions for a bu…
240 terms
DECA: Principles of Business Management and Administration
Discuss the nature of law and sources…
Describe the United States' judicial s…
Describe legal issues affecting busine…
Identify the basic torts relating to b…
Law is used to keep order in civilization. This can be enforc…
The Judiciary is made up of courts -- Supreme, Circuit, the m…
Disgruntled Employees... Discrimination/Harassment Cases... Harassm…
The area of tort law covers a wide range of misconduct, inclu…
Discuss the nature of law and sources…
Law is used to keep order in civilization. This can be enforc…
Describe the United States' judicial s…
The Judiciary is made up of courts -- Supreme, Circuit, the m…
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