Human Resources
Which of the following areas of HR focuses on searching for appropriate candidates to fill a position?
recruiting
What are the four functions of management?
leading, controlling, staffing, and planning
The enterprise and pursuit of ideation, creation, communication, and delivery of profitable products and services to targeted customers for their benefit and society’s benefit.
marketing
The process of recording, maintaining, and reporting an organization’s financial transactions and records is:
accounting
Focuses on the management of the assets, liabilities, equity, and cash flow of an organization, financial analysis like ROI and ROE, and financial planning of future growth.
finance
The explanations and expectations of duties and responsibilities are known as which of the following?
job descriptions
This function of management focuses on recruiting, interviewing, hiring, and orienting the appropriate people to fill organizational roles
staffing
What are the 4 Ps of the Marketing Mix?
product, price, promotion, and place
In a double-entry accounting world, total debits need ___________ total credits.
equal
A debt or obligation owed by a person or organization.
liability
Which of the following is a process in which new hires are introduced to a company, their fellow employees, and the work environment?
employee orientation
This management function includes everything from communicating, to motivating, guiding, encouraging, giving directions, following up, coaching, assisting, and reviewing
leading
The process of sorting people into groups who share one or more common characteristics, lumped together for target marketing purposes.
The process of recording and processing a company’s financial transactions over an accounting period, e.g. a month, quarter, or year.
accounting cycle
The ease with which an asset can be exchanged for, or converted into cash, at the prevailing market price – prevailing market price meaning you don’t have to fire-sell it or heavily discount it to trade it for cash.
liquidity
This combines employee feelings about their work with how it motivates them to serve the company’s mission
culture or company culture
This management function includes monitoring performance, comparing actual results to planned objectives, and taking corrective action when necessary.
controlling
A specific group of customers that is most likely to buy a certain product or service, and where marketing efforts are aimed in order to reach and connect with this group.
target market
A tangible or intangible resource that has economic value, owned by a person or organization.
asset
Measures the gain or loss generated on an investment, compared to the amount of money invested; ROI is usually expressed as a percentage.
Return on Investment (ROI)
This is a one-time event held by HR for new employees
orientation
This management function maps out a course of action to determine what people and resources are needed, and what actions need to be taken
planning
The amount of money a business thinks it should charge for its product or service.
pricing
What is the accounting equation?
Assets = Liabilities + Shareholders’ Equity
Current Assets minus Current Liabilities.
working capital