Study sets matching "principles of business managment"

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Study sets matching "principles of business managment"

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…
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…
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
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…
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…
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…
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…
...
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…
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…
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…
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…
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…
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…
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
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?
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
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?
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 and Management
Problem Statement
Entrepreneur
Partnership
Revenue
target audience needs a way to______because_____. (so you and…
takes a risk to start a business... -make all the rules and deci…
business owned by two or more people
money coming into a company
Problem Statement
target audience needs a way to______because_____. (so you and…
Entrepreneur
takes a risk to start a business... -make all the rules and deci…
28 terms
Business Principles and Management
Entrepreneur
Partnership
Revenue
Profit
takes risk to start a business
two or more
money coming into a company
Revenue - expenses = profit
Entrepreneur
takes risk to start a business
Partnership
two or more
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…
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 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
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…
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
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…
Principles of Business Management
Free Market
Organisation
Efficient economy
What are the three attributes of the e…
A market in which firms compete on the same basis with little…
A person or a group of people working together in an organise…
A situation where resources are being used at their maximum e…
Dess and Beard. Complexity, Dynamism, Munificence
Free Market
A market in which firms compete on the same basis with little…
Organisation
A person or a group of people working together in an organise…
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
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 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
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…
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…
23 terms
Principles of Business & Management Chapter 6
Business
Production
Marketing
Finance
an organization that produces or distributes a good or servic…
making a product or providing service
the activities between business and cutomers involved in buyi…
deals with all of the money matters involved in running a bus…
Business
an organization that produces or distributes a good or servic…
Production
making a product or providing service
25 terms
Principles of Business & Management Chapter 7
personal property tax
progressive tax
bankruptcy
patent
a tax on such items as furniture, machinery, and equipment
tax based on the ability to pay
a legal process that allows selling assets to pay off debts
an agreement in which the federal government gives an invento…
personal property tax
a tax on such items as furniture, machinery, and equipment
progressive tax
tax based on the ability to pay
30 terms
Principles of Business & Management Chapter 7
personal property tax
progressive tax
bankruptcy
patent
a tax on such items as furniture, machinery, and equipment
tax based on the ability to pay
a legal process that allows selling assets to pay off debts
an agreement in which the federal government gives an invento…
personal property tax
a tax on such items as furniture, machinery, and equipment
progressive tax
tax based on the ability to pay
21 terms
Principles of Business & Management Chapter 7
Baby Boom
Baby Bust (Generation x)
Generation Z (millennials)
Frost Belt
the generation with a high birth rate between 1945-1965
low birth rate between 1960 and 1980
higher birth rate between 1991 and the end of the millennium
colder states in the north and northeast
Baby Boom
the generation with a high birth rate between 1945-1965
Baby Bust (Generation x)
low birth rate between 1960 and 1980
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.
31 terms
Principles of Business & Management Ch. 8
economics
economic wants
Non economic wants
Utiltiy
body of knowledge that relates to producing and using goods a…
the desire for scarce material goods and services.
desire for nonmaterial things that are not scarce, such as ai…
the ability of good or a service to satisfy a want
economics
body of knowledge that relates to producing and using goods a…
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…
27 terms
Principles of Business & Management CH. 17
financial insitution
bank
demand deposit
time deposits
an organization that collects money from clients and uses it…
a financial institution must accept demand deposits, make con…
money put into a financial institution that the depositors ca…
are made for specified period of time and cannot be withdrawn…
financial insitution
an organization that collects money from clients and uses it…
bank
a financial institution must accept demand deposits, make con…
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…
74 terms
CLEP Principles of Management - The Environments of Business
As a result of a rapidly changing busi…
Starting in the late twentieth century…
Among the principles of systems theory
For senior managers concerned about lo…
managers need to be aware of trends affecting their products…
the development of systems theory (ten principles of the syst…
were... -the cycles of exchange between the organization and its…
knowledge of the environment is critical; a multitude of chan…
As a result of a rapidly changing busi…
managers need to be aware of trends affecting their products…
Starting in the late twentieth century…
the development of systems theory (ten principles of the syst…
245 terms
DECA--Principles of Business Administration and Management
What do talking KPIs begin with?
What do showing KPIs begin with?
What is the four step process of talki…
What do you do for showing KPIs?
Explain, describe, discuss
Show, maintain, orient
1. Make a defining remark about the key term or concept... 2. Gi…
-display a certain characteristic or accomplish a task by doi…
What do talking KPIs begin with?
Explain, describe, discuss
What do showing KPIs begin with?
Show, maintain, orient
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…
53 terms
Principles of Business Management Test 1
Strategic Managers
Tactical Managers
Operational Managers
Planning
The firm's senior executives who are responsible for overall…
The firm's management staff who are responsible for translati…
The firm's lower-level managers who supervise the operations…
The management function that assesses the management environm…
Strategic Managers
The firm's senior executives who are responsible for overall…
Tactical Managers
The firm's management staff who are responsible for translati…
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