Characteristics and Functions of Business
The process of recording, maintaining, and reporting an organization’s financial transactions and records.
Accounting
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Refers to planning, organizing, staffing, controlling and leading people, processes, and assets in order to achieve a goal or task in the best way possible.
Management
A strategic plan and process for new employees to learn the company’s culture, mission, vision, systems, processes, goals and expectations, and become contributing members of the team.
Onboarding
A company’s game plan for reaching its target market, converting it to customers, and meeting company goals and objectives.
Marketing Strategy
An independent and unbiased inspection and review to evaluate the safety, integrity and accuracy of information, systems, processes, procedures and protocols.
Audit
Refers to the people assets who work for an organization, and the business function responsible for recruiting, hiring, onboarding, training, evaluating, and terminating employees.
Human Resources
These are what a company believes, its business practices around how teammates treat one another, and how the company treats its customers.
Company Values
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Ongoing training and education that an individual takes to enhance or improve the skills or traits necessary to excel in their career/profession.
Professional Development (PD)
An aspirational view of the future, that if the company is successful in accomplishing its mission, the company and/or world might look a certain way.
Vision
What does (“IM”) stand for ???
Information Management
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A for-profit or non-profit organization involved in commercial, industrial, or professional commerce.
Business
Recruit, interview, hire and orient the appropriate people to fill organizational roles.
Staffing
A process in which new hires are introduced to a company, their fellow employees, and the work environment.
Orientation
A company's purpose; its reason for being; the problem it is solving.
Mission
The protection of networks, devices, and data from unauthorized access or criminal use, and the practice of ensuring the confidentiality, integrity, and availability of information.
Cyber Security
The enterprise and pursuit of ideation, creation, communication, and delivery of profitable products and services to targeted customers for their benefit and for the benefit of society as a whole.
Marketing
An organizational structure that shows who each person reports to.
Chain of Command
To recruit, interview, hire, and orient the appropriate people to fill organizational roles.
Staffing
A stated, observable, and measurable end result to be achieved within a certain timeframe.
Goal
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The accuracy and validity of data over its lifecycle.
Data Integrity
What does (ROE) stand for ?
Return on Equity
The shared beliefs, values, goals, attitudes, and behaviors of a company’s employees; a company culture combines employee feelings about their work with how it motivates them to serve the company’s mission.
Company Culture
The process of teaching the necessary skills and knowledge needed to be successful in a certain job role.
Training
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A route or plan of action designed to achieve certain goals and objectives.
Strategy
A practice or process not generally known outside of the company that owns it, and that has economic value.
Trade Secret