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Study sets matching "principles of business and finance"

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Study sets matching "principles of business and finance"

20 terms
Principles of Business and Finance
verbal
aural
non-verbal
written
sounds, language, and tone of voice
listening and hearing
facial expressions, body language, and posture
journals, emails, blogs, and text messages
verbal
sounds, language, and tone of voice
aural
listening and hearing
17 terms
Principles of Business and Finance Vocabulary
Bond
Budget
Budget deficit
Business Cycle
A certificate representing a promise to pay a definite amount…
Detailed plans for the financial needs of individuals, famili…
When the government spends more than it collects.
A movement of the economy from one condition to another and b…
Bond
A certificate representing a promise to pay a definite amount…
Budget
Detailed plans for the financial needs of individuals, famili…
16 terms
Principles of Business and Finance
Internal
External
Upward
Downward
any communication that occurs inside of the workplace
any communication that occurs outside of the workplace
The questions, inquiries and even complaints that employees d…
The guidance and leadership management gives to employees
Internal
any communication that occurs inside of the workplace
External
any communication that occurs outside of the workplace
33 terms
Principles Of Business And Finance, Principles of Business and Finance
Constructive Criticism
Criticism
Non-Verbal
Objective
Offering valid and well-reasoned opinions about the works of…
Pointing out faults or shortcomings.
Not involving or using words or speech.
When something is based on facts not personal feelings.
Constructive Criticism
Offering valid and well-reasoned opinions about the works of…
Criticism
Pointing out faults or shortcomings.
25 terms
Principles Of Business And Finance
Brainstorming
Constructive Criticism
Criticism
Customer
A group problem solving technique.
Offering valid and well-reasoned opinions about the works of…
Pointing out faults or shortcomings.
Someone who pays for goods or services.
Brainstorming
A group problem solving technique.
Constructive Criticism
Offering valid and well-reasoned opinions about the works of…
17 terms
Principles of Business and Finance
Startup
Operational
Expansion
Startup Budget
a beginning business enterprise
the day to day operations of a business
when a business expandes in any way such as opening a new sto…
plans income and expenses from the beginning of the business…
Startup
a beginning business enterprise
Operational
the day to day operations of a business
Principles of Business and Finance
5 Functions of management
Planning function
Organization function
Staffing function
1. Planning... 2. Organizing... 3. Staffing... 4. Implementing... 5. Cont…
Analyzing information, setting goals, and making decisions to…
Organizing the work and resources needed to achieve goals of…
Includes the activities involved in hiring, training, and com…
5 Functions of management
1. Planning... 2. Organizing... 3. Staffing... 4. Implementing... 5. Cont…
Planning function
Analyzing information, setting goals, and making decisions to…
6 terms
8721 Principles of Business and Finance
Extraction and Cultivation (Types of P…
Processing (Type of Production 2)
Manufacturing (Type of Production 3)
Mass Production (Manufacturing procedu…
is the most basic form of production which obtains products f…
changing and improving the from of another product which incr…
combining raw materials and processed goods into finished pro…
using assembly processes to produce large quantities of ident…
Extraction and Cultivation (Types of P…
is the most basic form of production which obtains products f…
Processing (Type of Production 2)
changing and improving the from of another product which incr…
31 terms
business principles and finance
economics
economic wants
non-economic wants
utility
the body of knowledge that relates to producingand using good…
the desire for scarce material goods and services
desired wants that are not scarce
the ability of a good or service to satisfy a want
economics
the body of knowledge that relates to producingand using good…
economic wants
the desire for scarce material goods and services
25 terms
principles of business, marketing and finance.
scarcity
natural resources
wants
services
not having enough resources to satisfy every need
raw materials supplied by nature
things that add comfort and pleasure to your life
activities that are consumed at the same time they are produced
scarcity
not having enough resources to satisfy every need
natural resources
raw materials supplied by nature
270 terms
Principles of Business and Finance
needs
wants
goods
services
requirements to live.
non-necessities that add comfort or pleasure to your life
tangible products
activities that are consumed at the same time they are produc…
needs
requirements to live.
wants
non-necessities that add comfort or pleasure to your life
14 terms
Principles of Business and Finance Lesson 7 Vocabulary
management
planning
organizing
staffing
the process of accomplishing the goals of an organization thr…
the function of a manager involving analyzing information, se…
the function of a manager involving identifying and arranging…
the function of a manager including all of the activities inv…
management
the process of accomplishing the goals of an organization thr…
planning
the function of a manager involving analyzing information, se…
11 terms
Principles of Business and Finance Lesson 16 Vocabulary
money management
personal assets
net worth
cash flow statement
the day-to-day financial activities associated with using lim…
items of value
the difference between a person's assets and liabilities
a report of net wages and other income along with spending fo…
money management
the day-to-day financial activities associated with using lim…
personal assets
items of value
17 terms
Principles of Business and Finance Lesson 12 Vocabulary
revenue
expenses
budget
start-up budget
all income that a business receives over a period of time; go…
costs of operating a business
detailed plans for the financial needs of individuals, famili…
plans income and expenses from the beginning of a new busines…
revenue
all income that a business receives over a period of time; go…
expenses
costs of operating a business
13 terms
Principles of Business and Finance Lesson 9 Vocabulary
career
informational interview
mobility
values
a goal for work that is fulfilled trough an occupation or ser…
a planned discussion with a worker who is willing to help you…
the willingness and ability of a person to move to where jobs…
things that are important to you
career
a goal for work that is fulfilled trough an occupation or ser…
informational interview
a planned discussion with a worker who is willing to help you…
12 terms
Principles of Business and Finance Lesson 4 Vocabulary
social responsibility
non-renewable resource
ethics
business ethics
the duty of a business to contribute to the well-being of a c…
a natural resource that cannot be replaced when used up
principles of morality or rules of conduct
rules about how businesses and their employees ought to behave
social responsibility
the duty of a business to contribute to the well-being of a c…
non-renewable resource
a natural resource that cannot be replaced when used up
13 terms
Principles of Business and Finance Lesson 17 Vocabulary
Federal Reserve System (Fed)
commercial bank
credit union
Federal Deposit Insurance Corporation…
a system set up by the federal government to supervise and re…
the most common way for a bank to be organized--they offer ch…
a user-owned, not-for-profit, cooperative financial institution
the federal agency that helps to regulate banks and other fin…
Federal Reserve System (Fed)
a system set up by the federal government to supervise and re…
commercial bank
the most common way for a bank to be organized--they offer ch…
14 terms
Principles of Business and Finance Lesson 5 Vocabulary
contingent worker
intermediary
service business
proprietorship
one who has no explicit or implicit contract for long-term em…
businesses involved in selling the goods and services of prod…
a business that carries out activities that are consumed by i…
individuals and organizations that determine what products an…
contingent worker
one who has no explicit or implicit contract for long-term em…
intermediary
businesses involved in selling the goods and services of prod…
15 terms
Principles of Business, Marketing, and finance
How is most promotion done today?
Which of the following is not true abo…
The quantity of a good or service that…
Scarcity is a problem for what countri…
Media Advertising
It is viewed positively by all customers
Demand
All countries experience scarcity
How is most promotion done today?
Media Advertising
Which of the following is not true abo…
It is viewed positively by all customers
10 terms
Principles of Business and Finance: Business Organizations
Owned and controlled by two or more pe…
A written agreement defines ownership.
Owned and run by one person
Shareholders have a voice in business…
Partnership
Partnership and corporation
Proprietorship
Corporation
Owned and controlled by two or more pe…
Partnership
A written agreement defines ownership.
Partnership and corporation
29 terms
Principles of business and finance unit 2
proprietorship
partnership
corporation
partnership agreement
a business owned and run by just one person, is the easiest f…
a business owned and controlled by two or more people who hav…
a legal entity formed by documents filed within a state, such…
a written agreement among all owners detailing the rules and…
proprietorship
a business owned and run by just one person, is the easiest f…
partnership
a business owned and controlled by two or more people who hav…
12 terms
Principles of Business and Finance Lesson 3 Vocabulary
imports
exports
balance of trade
balance of payments
items bought from other countries
goods and services sold to other countries
the difference between a country's total exports and total im…
the difference between the amount of money that comes into a…
imports
items bought from other countries
exports
goods and services sold to other countries
35 terms
(Principles of Business and Finance Questions)
Taz prefers buying products from Sears…
When customers sign up for online-subs…
Don tried several times to remove unfa…
Jose installs automated systems that w…
E-commerce
Privacy
Computer Crime
Artificial intelligence
Taz prefers buying products from Sears…
E-commerce
When customers sign up for online-subs…
Privacy
11 terms
Principles of Business and Finance Lesson 6 Vocabulary
entrepreneur
entrepreneurship
venture capital
innovation
someone who takes a risk in starting a business to earn a pro…
the process of starting, organizing, managing, and assuming t…
money provided by large investors to finance new products and…
an invention or creation that is brand new
entrepreneur
someone who takes a risk in starting a business to earn a pro…
entrepreneurship
the process of starting, organizing, managing, and assuming t…
16 terms
Principles of Business and Finance
Internal
External
Upward
Downward
any communication that occurs inside of the workplace
any communication that occurs outside of the workplace
The questions, inquiries and even complaints that employees d…
The guidance and leadership management gives to employees
Internal
any communication that occurs inside of the workplace
External
any communication that occurs outside of the workplace
34 terms
Principles of Business and Finance
Accuracy
Analysis
Audit
Autobiography
The quality or state of being correct or precise.
detailed examination of the elements or structure of something.
An official inspection of an individual's or organizations's…
An account of a person's life written by that person
Accuracy
The quality or state of being correct or precise.
Analysis
detailed examination of the elements or structure of something.
15 terms
Principles of Business and Finance Lesson 18 Vocabulary
credit
finance charge
down payment
installment loan
the privilege of using someone else's money for a period of t…
the total dollar cost of credit including interest and all ot…
a payment of part of the purchase price, usually made at the…
a loan in which you agree to make monthly payments in specifi…
credit
the privilege of using someone else's money for a period of t…
finance charge
the total dollar cost of credit including interest and all ot…
19 terms
Principles of Business and Finance Lesson 11 Vocabulary
computer system
hardware
software
computer network
the configuration that includes all functional components of…
the physical elements of a computer system
the instructions that run the computer system
a group of computers such as those in businesses and schools…
computer system
the configuration that includes all functional components of…
hardware
the physical elements of a computer system
16 terms
Principles of Business and Finance Lesson 8 Vocabulary
workforce
downsizing
outsourcing
job analysis
all of the people 16 years or older who are employed or who a…
a planned reduction in the number of employees needed in a fi…
removing work from one company and sending it to another comp…
a specific study of a job to identify in detail the job dutie…
workforce
all of the people 16 years or older who are employed or who a…
downsizing
a planned reduction in the number of employees needed in a fi…
5 terms
Principles of business and finance
Social responsibility
Non Renewable Resources
Ethics
Business Ethics
the duty of a business to contribute to the well being of a c…
a natural resource that cannot be replaced once used up.
principles of morality or rules of conduct.
rules about how businesses and their employees ought to behave.
Social responsibility
the duty of a business to contribute to the well being of a c…
Non Renewable Resources
a natural resource that cannot be replaced once used up.
20 terms
Principles of Business and Finance Lesson 20 Vocabulary
bodily injury liability
medical payments
uninsured motorist
property damage liability
insurance that protects a driver from claims resulting from i…
insurance that covers policyholders and family members if the…
protection against hit-and-run drivers or drivers without ins…
insurance that protects a driver against claims if the insure…
bodily injury liability
insurance that protects a driver from claims resulting from i…
medical payments
insurance that covers policyholders and family members if the…
19 terms
Principles of Business and Finance Lesson 19 Vocabulary
saving
investing
yield
liquidity
the storage of money for future use
using your savings to earn more money
the percentage of money earned on your savings or investment…
the ease at which an investment can be changed into cash with…
saving
the storage of money for future use
investing
using your savings to earn more money
17 terms
Principles of Business and Finance
Bond
Budget
Budget Deficit
Business Cycle
A certificate representing a promise to pay a definite amount…
Detailed plans for financial needs of individuals, families,…
When the government spends more than it collects
A movement of the economy from one condition to another and b…
Bond
A certificate representing a promise to pay a definite amount…
Budget
Detailed plans for financial needs of individuals, families,…
12 terms
Principles of Business and Finance Lesson 15 Vocabulary
unit price
brand
impulse buying
consumer movement
a price per unit of measure
a name given to a product or service to distinguish it from o…
the opposite of spending time and effort is buying too quickly
to fight against unfair business practices, consumers untied…
unit price
a price per unit of measure
brand
a name given to a product or service to distinguish it from o…
16 terms
Principles of Business and Finance Lesson 13 Vocabulary
extraction and cultivation
processing
manufacturing
mass production
a form of production in which products are obtained from natu…
changing and improving the form of another product
combining raw materials and processed goods into finished goods
an assembly process that makes a large number of identical pr…
extraction and cultivation
a form of production in which products are obtained from natu…
processing
changing and improving the form of another product
24 terms
Principles of Business and Finance Lesson 10 Vocabulary
marketing
marketing strategy
target market
marketing mix
the process of planning and executing the conception, pricing…
a company's plan that identifies how it will use marketing to…
a specific group of customers that have similar wants and needs
the blending of four marketing elements--products, distributi…
marketing
the process of planning and executing the conception, pricing…
marketing strategy
a company's plan that identifies how it will use marketing to…
47 terms
Principles of Business and Finance
Accounts payable record
Accounts receivable record
Asset
Asset records
Identifies the companies from which credit purchases were mad…
Identifies customers that made purchases using credit and the…
What is owned
Name the buildings and equipment owned by the business
Accounts payable record
Identifies the companies from which credit purchases were mad…
Accounts receivable record
Identifies customers that made purchases using credit and the…
21 terms
principles of business and finance
needs
wants
goods
services
required in order to live
things added to your comfort and pleasure
things you can see and touch
activities that are consumed at the same time they are produced
needs
required in order to live
wants
things added to your comfort and pleasure
25 terms
Principles of Business and Finance Vocabulary
Written Communication
Business Letter
Memoranda
Reports
Any type of message that makes use of the written word.
A letter from one company to another, or between such organiz…
An informal message, especially one sent between two or more…
An account given of a particular matter after thorough invest…
Written Communication
Any type of message that makes use of the written word.
Business Letter
A letter from one company to another, or between such organiz…
12 terms
Principles of Business and Finance 1.02
Inflation
Deflation
Interest
Individual spending
an increase in the overall level of prices
a decrease in the overall level of prices
the fee paid for the privilege of borrowing money
GDP category that includes food, clothing, housing, and other…
Inflation
an increase in the overall level of prices
Deflation
a decrease in the overall level of prices
28 terms
Principles of Business and Finance: 1.02
Gross Domestic Production (GPD)
Major categories of GDP
GDP per capita
Unemployment rate
is the highly used measurement to determine a country's overa…
Individual spending... Business spending ... Government spending ... E…
output per person... GDP/population
includes the people of the labor force that are unemployed
Gross Domestic Production (GPD)
is the highly used measurement to determine a country's overa…
Major categories of GDP
Individual spending... Business spending ... Government spending ... E…
21 terms
Principles of Business and Finance Lesson 1 Vocabulary
Needs
Wants
Goods
Services
things that are required in order to live
things that add comfort and pleasure to your life
things you can see and touch; they are products you can purch…
activities that are consumed at the same time they are produced
Needs
things that are required in order to live
Wants
things that add comfort and pleasure to your life
9 terms
Principles of Business Marketing and Finance
International business
Domestic Business
Importance of international business
Types Of business Activity
Create, Sell, and ship
Business within one country
1. Global opportunities ... 2. Imports- meet consumer demands... 3.…
1. Produce raw goods... 2. Process raw goods... 3. Manufacture good…
International business
Create, Sell, and ship
Domestic Business
Business within one country
8 terms
Principles of Business, Marketing, and Finance
Internation business
Trade activities
Imports
Exports
All activities needed to create, ship, and sell goods and ser…
Viewed from the side of the buyer and the seller
products brought from businesses in other countries
products sold in other countries
Internation business
All activities needed to create, ship, and sell goods and ser…
Trade activities
Viewed from the side of the buyer and the seller
20 terms
Principles of Business and Finance Lesson 2 Vocabulary
Gross Domestic Product (GDP)
GDP per capita
Unemployment rate
Productivity
the total dollar value of all final goods and services produc…
the output per person, calculated by dividing gross domestic…
the portion of people in the labor force who are not working
the production output in relation to a unit of input, such as…
Gross Domestic Product (GDP)
the total dollar value of all final goods and services produc…
GDP per capita
the output per person, calculated by dividing gross domestic…
51 terms
Principles of Business and Finance
Prosperity
Recession
Depression
Recovery
employment rate and demand for products and services are high
unemployment rate is increasing and demand for products and s…
unemployment rate is high and demand for products and service…
unemployment rate is lowering and demand for products and ser…
Prosperity
employment rate and demand for products and services are high
Recession
unemployment rate is increasing and demand for products and s…
32 terms
Principles of Business, Marketing and Finance
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 rather than by th…
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.
45 terms
Principles of Business and Finance: 2.02
Management
5 Functions of Management
The planning function involves...
The organizing function involves...
the process of accomplishing the goals of an organization thr…
-Planning... -Organizing... -Staffing... -Implementing... -Controlling
-Analyzing information... -Setting goals... -Making decisions to ac…
Identifying the work & resources needed to achieve the goals…
Management
the process of accomplishing the goals of an organization thr…
5 Functions of Management
-Planning... -Organizing... -Staffing... -Implementing... -Controlling
15 terms
principles of business and finance
aggressive communication style
collaborators non verbal behaviors
constructive criticism
etiquette
I am direct in expressing my needs, desires, and opinions giv…
appear relaxed, ask a lot of questions, have a win win attitu…
offering valid and well reasoned opinions about the work of o…
socially acceptable behavior
aggressive communication style
I am direct in expressing my needs, desires, and opinions giv…
collaborators non verbal behaviors
appear relaxed, ask a lot of questions, have a win win attitu…
9 terms
Principles of business and finance terms
Limited liability
Corporation
Strategic style management
More capital available
When the investor or partner is not personally responsible fo…
Relies on a central body of people for financial directions
Strategizing how to get money
-to create more money ... -expands company for more product
Limited liability
When the investor or partner is not personally responsible fo…
Corporation
Relies on a central body of people for financial directions
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