Information Technology
This IT function involves writing code for computer software
Programming
This person is responsible for making sure the organization meets its goals and obligations
Manager
What is something owned by a business? Give an example.
Asset - building, etc.
This is an individual who undertakes the risk associated with creating, organizing, & owning a business
Entrepreneur
If Kylie wants to prevent all other businesses from using her business name, what should she apply for?
Trademark
This function of IT involves modifying computer systems to improve production and workflow; and expanding systems
Analyzing
These managers set goals and plan for the future
Top-Level Managers
What is money owed by the business? Give an example.
Liability- accounts payable, mortgage, taxes
This is the stage of entrepreneurship where the entrepreneur generates ideas, recognizes opportunities, and studies the market
Discovery
If Chloe builds a new kind of technology and wants to prevent other businesses from utilizing it in their products, she should obtain a...
Patent
This is a programmer that designs and manages the development of business applications on the computer
Systems Analyst
These managers direct the day-to-day activities of operational employees
First-line, supervisory, or operational managers
What is a written report that describes the financial health of a company?
Financial Statement
During this stage, the entrepreneur may identify potential investors, hire employees, and apply for loans
Resourcing
World famous t-shirt designer Bram wants to ensure no one else uses his designs. What should he apply for?
Copyright
This person maintains and operates a computer system or network for a company or other organization
Systems Administrator
This function of management involves assigning managers different tasks, coordinating activities, and knowing what other managers are doing
Organizing
This is a type of financial statement that reports revenue, expenses, and net income (or loss) of a business for a fiscal period
Income Statement
Things to consider in this stage are a 5-year plan, expansion, going public, etc.
Harvesting
Social security, taxes, and retirement are examples of what?
Deductions
This person is responsible for monitoring and controlling computer systems in a company or organization
Computer Operator
What are the four functions of managers?
Planning, Organizing, Leading, Controlling
What is the accounting equation?
Assets = Liabilities + Owner's Equity
Discovery, Concept Development, Resourcing, Actualization, Harvesting
Name three components of a business plan.
Executive summary, product/service plan, management team plan, industry/market analysis, operational plan, organizational plan, marketing plan, growth plan, financial plan