EC-071
A business can be described as
What is organized effort to produce goods and services
The ability to see the big picture and think about how things will work together
What is conceptual skills
A human resources management activity that involves recruiting, interviewing, hiring, orienting, and dealing with job changes for a company's employees
What is Staffing
private enterprise is based on the idea that everyone is better served when
What is individuals are free to set their own goals
Having positive customer relations means making customers
What is happy
A business that exists to fulfill a spedic mission or undertaking is called a ____ for business
What is nonprofit
The management function that monitors the work effort
What is controlling
Freedom from danger, risk, or injury in the workplace
What is employee safety
the economic basis for the private enterprise economic system is
What is profit motive
To build positive customer relations, a business must be
What is proactive
Financial analysis occurs when a business
What is keeps accurate expense records
The management function of providing guidance to workers and work projects
What is directing
Seeking out and attracting qualified potential employees
What is Recruiting
Individuals put limits on their own economic freedom by
What is making personal economic choices
Building positive customer relations is one of the least expensive ways for a business to
What is competing with other businesses
Financial analysis occurs when a business
what is keeps accurate expense records
Top-level management
What is executive management
Human resources management tasks that must be performed when a new employee joins the company
What is performance review
Who answers the basic economic questions in a private enterprise economic system?
What is businesses and individuals
Businesses strive to retain current customers because
What is it is less expensive than gaining new customers
Day-to-day activities required for continued business functioning
What is operations
All the sources of money available to a business
What is financial resources
Long-range planning for the company as a whole
What is strategic planning
The basic role of the United States government is to
What is protect U.S. citizens.
Businesses must keep in mind that word-of-mouth promotion can be
What is negative