Business Administration
Explain the role of ______ in business
Finance
Explain the types of _____
promotion
Explain Marketing and its importance in a _____ economy
Global
Handle Difficult _____
Customers
Orient New ______
employees
The process of building an effective work climate and creating opportunity for motivation, supervising, scheduling, and disciplining.
Directing
A relationship between two companies that helps both companies reach their goals
Strategic Alliance
The way a business interacts with its customers in order to obtain new customers while maintaining the current customer base
Customer Relations
Procedures established by a business relating to credit, collection, cash allocation and disbursements, accounts payable and invoicing.
Cash Controls
The practice of adding a constant percentage to the price of an item to determine its selling price.
Mark Up Pricing
Products that came in from another country
Import
A business arrangement in which the day-to-day operations are controlled by one or more general partners and funded by limited or silent partners who are legally responsible for losses based on the amount of their investment
Limited Partnership
Reviewing very large amounts of data for useful information. This activity often uses advanced statistical tools to determine trends, patterns and relationships. Data mining can also be referred to as data surfing.
Data Mining
Choices made about advertising, personal selling, sales promotion and public relations used to communicate, inform and persuade potential and current customers
Promotion
Specialized training, formal education or other sources of gaining skills necessary for on-the-job success and/or advancement
Professional Development
What must occur before any management functions can be carried out?
Planning
Why is it important for businesses to identify potential safety issues in the workplace?
To protect employees
A business periodically moves its employees from one department to another to perform different tasks, which helps boost employee morale and combat boredom. This is an example of
job rotation
When reconciling cash receipts for the day, how are voided and refunded transactions usually handled?
They are subtracted from the total receipts to determine net intake.
The way in which a business makes changes in the amount of goods or services it offers is known as its
product-mix strategy
Currency speculation is risky because
it can lead to high inflation
Before a business can develop the marketing strategies for its marketing plan, it must
set its marketing objectives
Managerial accountants provide assistance to management by
accumulating data on costs and profits
When processing a room reservation by phone, the hotel reservations should provide the guest with an
confirmation number at the end of the call
Surveys are excellent tools for data collection because they
are easy to analyze