Key Terms
The process of collecting, recording, classifying, summarizing, reporting, and analyzing financial activities. Results in reports that describe the financial condition of an organization
Accounting
Company borrowing money from the bank.
Loan
Involves analyzing data at a deeper level using
reason and logic, discerning the interests of various stakeholder groups, differentiating facts from opinions, and evaluating the data sources for validity
and reliability.
Critical Reasoning & Evaluation
People especially talented in the this theme have a great deal of stamina and work hard. They take great satisfaction from being busy and productive.
Achiever
What university (besides A&M) do we both like?
Penn State
Selling products and services directly to a consumer, the end user.
Business-to-Consumer
Who is, overall, important in marketing?
Customers
What step in the critical thinking process is "Define the Problem."
Step 2
People especially talented in the this theme look for consensus. They don’t enjoy conflict; rather, they seek areas of agreement.
Harmony
Where is Lily's dream place to live
Wyoming/Montana
The unique benefit a company provides customers who buy their products or services.
Value Proposition
Summarizes a firm's financial position at a specific point in time.
Balance Sheet
In this step, once arguments have been developed, you evaluate and critique them by asking questions and applying logic.
Critique the Arguments
People especially talented in the this theme measure their progress against the performance of others. They strive to win first place and revel in contests
Competition
How many total car accidents has Alex been in?
7
The practice of protecting systems, networks, and programs from digital attacks.
Cybersecurity
A summary of the money flowing into and out of a firm, is the financial statement used to access the sources and uses of cash during a certain period, typically one year.
Statement of Cash Flows
In this step, you should resist the temptation to make judgments or jump to conclusions.
Organize the Information
People especially talented in the this theme generally find it easy to put their thoughts into words. They are good conversationalists and presenters.
Communication
How many years did Lily play softball for?
15 years
The action of obtaining equipment or supplies for a business.
Procurement
Alternative actions for unusual crisis situations.
Contingency Plan
Involves constructing an organized and logical
argument, elaborating on your ideas with an appropriate amount of detail, and stating your position in a way that overcomes skepticism and convinces
others to agree with you.
Communication Effectiveness
People especially talented in the Includer theme are accepting of others. They show awareness of those who feel left out, and make an effort to include them.
Includer
Where else in the world has Alex lived?
Qatar