Management
What are the four basic functions of management?
Planning, organizing, leading, and controlling
Document showing revenue and expenses.
Income Statement
A company's name, logo, and identity.
Brand
A plan outlining a company's goals and strategy.
Business Plan
What is UNCW's mascot?
Sammy C. Hawk
What management style gives employees significant freedom to make decisions with minimal supervision?
Laissez-faire
What does ROI stand for
Return on Investment
The specific customers a company wants to reach.
Target Market
A business owned by one person.
Sole Proprietorship
In what year was Alpha Kappa Psi founded?
1904
In SMART goals, what does the "M" stand for?
Measurable
This concept refers to the increase in the general price level of goods and services in an economy over time.
Inflation
What are the traditional "4 Ps" of marketing?
Product, Price, Place, Promotion
A founder gives 10% of her company to an investor. What did she give up?
Equity
At what university was AKPsi founded?
New York University
A manager gives an employee responsibility for a project. What is this practice called?
Delegation
In the world of investing, what does the abbreviation "NYSE" stand for?
New York Stock Exchange
What kind of analysis is common when analyzing the future of a product or company?
SWOT Analysis
What type of company prevents liability from falling on the business owners?
An LLC
In what year was the Phi Pi Chapter installed at UNCW's Campus
2026
What is the term for the funds used to start and operate a business?
Capital
This term refers to a fixed-income security given by an investor to a borrower.
Bond
What is the acronym to help create solutions for problems that arise?
SCAMPER (Substitute, Combine, Adapt, Modify, Put to another use, Eliminate, Reverse)
A founder puts money into a failing business only because they have already invested so much. What decision-making bias are they demonstrating?
The sunk cost fallacy
What are the five core values of Alpha Kappa Psi?
Brotherhood, Knowledge, Integrity, Service, and Unity