What is Business?
What type of function is the enterprise and pursuit of ideation, creation, communication, and delivery of profitable products and services to targeted customers for their benefit
Marketing
What are the 3 levels of chain of command?
officer/executive level, middle management, and front line or supervisory
What is a process in which new hires are introduced to a company, their fellow employees, and the work environment.
Employee Orientation
What is the legal responsibility of an individual (or entity) for actions, debts, and obligations.
Liability
What do you call a company's purpose; its reason for being; the problem it is solving.
Mission
Who has a big impact, good and bad, on the work environment, and on work enjoyment.
Managers
What is a conversation a company has with an employee who is leaving the company, to find out the reason for the decision, and to use this information for future improvement.
Exit Interviews
What business owned by one person, and where the owner has unlimited liability.
Sole Proprietor
A business function that involves people, processes, and systems that collect, organize, store and secure relevant data and information
Information Manangement
What are the 3 type of skills does a good manager need?
People skills
Problem solving skills
Procedural skills
What part of the Human Resources responsibilities means to recruit, interview, hire, and orient the appropriate people to fill organizational roles.
Staffing
What is a type of security that represents ownership in a company and signifies a claim on part of the company’s assets and earnings.
Stocks
The process of recording, maintaining, and reporting an organization’s financial transactions and records.
Accounting
What is about inspiring, motivating, influencing and maximizing the efforts of people towards a common purpose.
Leadership
A strategic plan and process for new employees to learn the company’s culture, mission, vision, systems, processes, goals and expectations.
Employee Onboarding
What type of company can have a maximum of 100 owners (or shareholders) who must be U.S. citizens or permanent residents.
S - Corporations
What are the 6 business functional departments of a business?
Human Resources
Strategy
Operations
Marketing
Finance/Accounting
IT-Information Technology
What are the 4 steps of management?
Planning
Staffing
Controlling
Leading
The shared beliefs, values, goals, attitudes, and behaviors of a company’s employees
Company Culture
What are clearing houses that facilitate the buying and selling of stocks.
Stock Exchanges