Vocabulary
________________: moral rules and values governing the conduct of a person or group; set of standards which define right from wrong.
A. ethics
B. viability
C. integrity
What are a.ethics?
All the expenses involved in running a business
A. income
B. operating expenses
C. profit motive
What are b. operating expenses?
Polite behavior; good manners
What is courtesy?
The buying of goods and services for a business is called _______
A. inventory control
B. outputs
C. purchasing
What is c. purchasing?
What consists of two or more computers connected so that they can exchange data and programs
A. motherboard
B. network
C. operating system
What is a b. network?
Difficult situation in which you are required to make a decision
A. arrogance
B. consequence
C. dilemma
What is c. dilemma?
What is the amount of money paid for raw materials and products sold?
A. net profit
B. cost of goods
C. operating expense
What is b. cost of goods?
A museum that charges just enough admission to cover its operating expenses is called a ______
What is a not-for-profit?
Anything of value that a business own is called______
A. accounting cycle
B. assets
C. accounting standards
What are b. assets?
An object placed into orbit by humans; most are used for communication purposes
A. a port.
B. software.
C. a satellite.
D. a network.
What is c. a satellite?
People who work to produce goods and services
A. equilibrium
B. human resources
C. exchange
What are B. human resources
A company pays for all its expenses this fiscal year. The amount left over after all expenses have been paid is called___________
a. loss
b. dept
c. profit
What is c. profit?
The management function of setting up the way the business's work will be done
A. planning
B. staffing
C. organizing
What is c. organizing?
The day-to-day activities for continued business function
A. inventory
B. logistics
C. operations
What is c. operations?
Technology that allows users to make telephone calls over the internet
A. Computer-aided manufacturing (CAM)
B. Voice over Internet Protocol (VoIP)
C. Telecommuting software
What is b. Voice over Internet Protocol (VoIP)?
________________: the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.
A. advertising
B. marketing
C. personal selling
What is b. marketing?
An economic system in which the questions of what, how, and for whom goods will be produced are answered by individuals and businesses in the marketplace is called _________
A. market economy
B. command economy
C. socialism
What is a. market economy?
Keeping accurate and useful financial records; analyzing and interpreting the recorded information
A. accounting
B. marketing
C. production
What is a. accounting?
The money it takes to inventory in stock is called ____
A. bottom line
B. holding cost
C. inputs
What is b. holding cost?
Applications and programs that instruct computers to perform specific operations are called______
a. software
b. satellites
c. hardware
What is a. software?
What does EEOC stand for?
What is Equal Employment Opportunity Commission?
Risk-response strategy that involves moving the impact of a risk to someone or something else
A. transfer
B. retention
C. reduction
What is a. transfer?
An integrated technology that assists with an organization's information management needs
What is Management Information System (MIS)
People within the business who use financial information-owners, manager, and employees are called ______
What are internal users?
A website address is called_____
a. the uniform resource locator (URL)
b. a virus
c. a browser
What is the a. uniform resource locator (URL)