Study sets matching "chapter 16 business management"
Study sets
Classes
Users
Capital
Equity Capital (Owner capital)
Retained Earnings
Debt Capital (Creditor Capital)
The money required to start or expand a business
Business owners' personal financial contributions to the busin…
Profits that are not taken out of the business but instead are…
Money that others loan to a business
Capital
The money required to start or expand a business
Equity Capital (Owner capital)
Business owners' personal financial contributions to the busin…
motivation
positive reinforcement
negative reinforcement
power
factors that give people a reason to act
rewarding people who engage in behavior that the manager wishe…
punishing/reprimanding people who engage in behavior that the…
the ability managers have to make other people act in certain…
motivation
factors that give people a reason to act
positive reinforcement
rewarding people who engage in behavior that the manager wishe…
Capital
Equity Capital (Owner capital)
Retained Earnings
Debt Capital (Creditor Capital)
The money required to start or expand a business
Business owners' personal financial contributions to the busin…
Profits that are not taken out of the business but instead are…
Money that others loan to a business
Capital
The money required to start or expand a business
Equity Capital (Owner capital)
Business owners' personal financial contributions to the busin…
financial statements
balance sheet/ statement of financial p…
liabilities
assets
reports that summarize financial data over a period of time
financial statement that reports a business's assets, liabilit…
claims against assets
anything of value owned
financial statements
reports that summarize financial data over a period of time
balance sheet/ statement of financial p…
financial statement that reports a business's assets, liabilit…
Financial statements
Balance sheet
Liabilities
Capital
are reports that summarize financial data over a period of tim…
(statement of financial position) is a financial statement tha…
claims against assets.
(Net worth, owner's equity, or stockholders' equity) is the am…
Financial statements
are reports that summarize financial data over a period of tim…
Balance sheet
(statement of financial position) is a financial statement tha…
promotion mix
integrated marketing communication
advertising
product placement
the combination of promotional tools an organization uses
a technique that combines all the promotional tools into one c…
paid, nonpersonal communication through various media by organ…
putting products into TV shows, movies, and other media where…
promotion mix
the combination of promotional tools an organization uses
integrated marketing communication
a technique that combines all the promotional tools into one c…
equity capital
retained earnings
debt capital
common stock
Business owners' personal contributions to the business.
Profits that the owners do not take out of the business but in…
AKA creditor capital; money that others loan to a business.
Ownership that gives holders the right to participate in manag…
equity capital
Business owners' personal contributions to the business.
retained earnings
Profits that the owners do not take out of the business but in…
Retained Earnings
Debt Capital
Common stock
Par value (stated value)
are the profits that the owners do not take out for the busine…
is money that others loan to a business.
ownership that gives holders the right to share in the corpora…
an arbitrarily assigned amount that is used for bookkeeping pu…
Retained Earnings
are the profits that the owners do not take out for the busine…
Debt Capital
is money that others loan to a business.
elastic demand
inelastic demand
Total Costs equals
Break even
demand that changes significantly when there is a change in th…
demand that does not change significantly when there is a chan…
costs of goods offered + selling cost + overhead
point at which total revenue and total cost are equal
elastic demand
demand that changes significantly when there is a change in th…
inelastic demand
demand that does not change significantly when there is a chan…
motivation
positive reinforcement
negative reinforcement
power
factors that give people a reason to act
rewarding people who engage in behavior that the manager wishe…
punishing/reprimanding people who engage in behavior that the…
the ability managers have to make other people act in certain…
motivation
factors that give people a reason to act
positive reinforcement
rewarding people who engage in behavior that the manager wishe…
Culture
Business Etiquette
Corporate Culture
Hierarchy
The beliefs, customs, and attitudes of a distinct group of peo…
Conduct that is considered socially acceptable in BUSINESS.
A COMPANY'S shared values, beliefs, and goals.
A strict CHAIN of command.
Culture
The beliefs, customs, and attitudes of a distinct group of peo…
Business Etiquette
Conduct that is considered socially acceptable in BUSINESS.
Capital
Equity Capital
Retained Earnings
Debt Capital
Money required to start a business (Also machinery but oh well)
Business owners' personal financial contributions to the busin…
Profits that are not taken out of the business
Money that others loan to a business
Capital
Money required to start a business (Also machinery but oh well)
Equity Capital
Business owners' personal financial contributions to the busin…
Why increase productivity?
Productivity
Enterprise Resource Planning
Controlling
To encourage employee involvement and improve the work process.
Outputs divided by inputs for a specified period of time.
Software systems, information systems for integrating virtuall…
Monitoring performance, comparing it with goals, and taking co…
Why increase productivity?
To encourage employee involvement and improve the work process.
Productivity
Outputs divided by inputs for a specified period of time.
motivation
positive reinforcement
negative reinforcement
power
factors that give people a reason to act
rewarding people who engage in behavior that the manager wishe…
punishing/reprimanding people who engage in behavior that the…
the ability managers have to make other people act in certain…
motivation
factors that give people a reason to act
positive reinforcement
rewarding people who engage in behavior that the manager wishe…
Resume
Keywords
Reference
Chronological resume
A profile of your goals, education, and work history to be giv…
Words and terms that specifically relate to a particular objec…
A person who knows you well and can comment on your qualificat…
A resume in which the order of presentation is reverse chronol…
Resume
A profile of your goals, education, and work history to be giv…
Keywords
Words and terms that specifically relate to a particular objec…
motivation
positive reinforcement
negative reinforcement
power
factors that give people a reason to act
rewarding people who engage in behavior that the manager wishe…
punishing/reprimanding people who engage in behavior that the…
the ability managers have to make other people act in certain…
motivation
factors that give people a reason to act
positive reinforcement
rewarding people who engage in behavior that the manager wishe…
Culture
Business Etiquette
Corporate Culture
Hierarchy
the beliefs, customs, and attitudes of a... distinct group of peo…
conduct that is considered socially acceptable... in business
A company's shared values, beliefs,... and goals
A chain of command
Culture
the beliefs, customs, and attitudes of a... distinct group of peo…
Business Etiquette
conduct that is considered socially acceptable... in business
Control
Bureaucratic Control
Market Control
Clan Control
Any process that directs the activities of individuals towards…
The use of rules, regulations, and formal authority to guide p…
The use of pricing mechanisms (stock prices) to regulate activ…
Based on the idea that employees may share the values, expecta…
Control
Any process that directs the activities of individuals towards…
Bureaucratic Control
The use of rules, regulations, and formal authority to guide p…
Organization culture
Organization subculture
Dominant organization culture
Code of conduct
a set of values that organization members share regarding the…
a mini-culture within an organization that can reflect the val…
the shared values about organizational functioning held by the…
a document that reflects the core values of an organization an…
Organization culture
a set of values that organization members share regarding the…
Organization subculture
a mini-culture within an organization that can reflect the val…
motivation
positive reinforcement
negative reinforcement
power
the factors that give people a reason to act
involves rewarding people who engage in behavior that the mana…
involves punishment or reprimanding people who engage in behav…
the ability to make other people act in certain ways
motivation
the factors that give people a reason to act
positive reinforcement
involves rewarding people who engage in behavior that the mana…
Controlling
Control Process Steps
Control Standard
Management by Exception
Monitoring performance, comparing it with goals, and taking co…
The four steps in the process of controlling: (1) establish st…
The first step in the control process the performance standard…
Control principle that states that managers should be informed…
Controlling
Monitoring performance, comparing it with goals, and taking co…
Control Process Steps
The four steps in the process of controlling: (1) establish st…
1.resume
2.keyword
3.reference
4.chronological resume
a brief account of a person's education, qualifications, and p…
- a word or concept of great significance
- use of a source of information in order to ascertain somethi…
a chronological resume is organized by job titles, which are l…
1.resume
a brief account of a person's education, qualifications, and p…
2.keyword
- a word or concept of great significance
1. Resume
2. Keyword
3. Reference
4. Chronological resume
gives an employer a profile of your career goal, education, an…
words and terms that specifically relate to the functions of w…
is a person who knows you well and can comment on your qualifi…
emphasizes employers and work experience with each.
1. Resume
gives an employer a profile of your career goal, education, an…
2. Keyword
words and terms that specifically relate to the functions of w…
Controlling
Control Standard
Management by Exception
Strategic Control
monitoring performance, comparing it with goals, and taking co…
the desired performance level for a given goal
a control principle that states that managers should be inform…
monitoring performance to ensure that strategic plans are bein…
Controlling
monitoring performance, comparing it with goals, and taking co…
Control Standard
the desired performance level for a given goal
Retained Earnings
Debt Capital
Common stock
Par value (stated value)
are the profits that the owners do not take out for the busine…
is money that others loan to a business.
ownership that gives holders the right to share in the corpora…
an arbitrarily assigned amount that is used for bookkeeping pu…
Retained Earnings
are the profits that the owners do not take out for the busine…
Debt Capital
is money that others loan to a business.