Money
Accounting
Management Style
Business Types
Motivational Theories
100

What is the term for money that can be split into smaller units (ex. dollars, quarters, dimes, pennies, etc.)

Divisibility

100

What are the three functions of accounting

recording, measurement, interpretation 

100

What is culture?

Traditions, values, behaviors, rules, beliefs

100
Name the 6 types of business

Sole proprietorship, partnership, limited liability company, S-corp, C-corp, non-profit

100

Difference between X and Y theory?

X- Tight control, assume you don't want to work, carrot + stick approach

Y- Believe you want to be there, freedom, encouragement involvement 

200

Define fiat money

Money that is not backed up by a physical commodity in the government

200

What are the financial statements?

Income sheet, balance sheet, cash flow

200
Examples of formal and informal communication

Weekly meetings, project updates, reports

Group texts with jokes, memes, etc., spontaneous meetings, events and celebrations 

200

What businesses no longer exist if owner(s) die?

Sole proprietorship and partnership

200

How is Z theory different?

Promotes wellbeing and health of staff, long term employment, generalist employees, and collaboration and consideration from all

300

What is the system for Bitcoin?

Decentralized 

300

What does GAAP and FASB stand for? 

Generally accepted accounting principles

Financial accounting standards board

300
What are the structures?

line, line and staff, multidivisional, matrix

300

What businesses have pass-through taxation? What about double

pass-through: Sole proprietorship, partnership, LLC, S-corp

double: C-corp, non-profit (kind of)

300

What are the parts of 2 factor theory? Describe

Hygiene- Needed to lead to job satisfaction (relationships, job security, work conditions, pay, supervision, policies)

Motivation Factors: if not provided, wont necessarily lead to dissatisfaction (job itself, autonomy, authority, responsibility, advancement, recognition, achievement)

400

What is GPD (gross domestic product)

the sum of all goods and services produced by a country in a year

400

Financial vs Managerial 

Financial: report for external stakeholders. Accountants furnish info to groups inside and outside the org. to assess financial preformance

Managerial: report for internal. Managers use to plan and direct activities within the business 

400

Define matrix structure

There is a president/CEO who reports to the head department leaders. Project managers and head report to team

400

What is crowdfunding?

Individuals investing in company either through ownership (equity) or for product and perks (reward)

400

Name Maslow's prymid from bottom to top

Physical needs, security, belonging, self esteem, self actualization 

500

What are all six of the characteristics of money?

What are the functions of money?

Stability, durability, divisibility, acceptability, portability, difficulty to counterfeit 

Medium of exchange, store of value, and measure of value

500

How does the government prevent fraud?

Dodd-Frank created in response to 2008 crisis, Sarbanes-Oxley Act in response to 2002 cooperate scandals

500

Describe the difference between flat/wide and tall/narrow

flat/wide: broad span of control, fewer levels. Easier to get things done and rely info (small business)

tall/narrow: narrow span of control, many levels of hierarchy (large business) 

500

What are angel investors and venture capitalist?

Angel: Wealthy individuals who invest their own money


Venture: Invest others money

500

Name all of the theories of motivation?

Intrinsic vs extrinsic, Maslow's hierarchy of needs, McGregor's X and Y theory, Z theory, Herzberg 2-factor theory, Equity theory, Expectancy theory

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