Business
What is the definition of a business
The practice of making one's living or making money by producing or buying and selling products.
What is the definition of economics?
The application of economic principles and theories to business operations.
WHat is the definition of human resources?
The department and staff responsible for managing the employee lifecycle within an organization.
What is the definition of product management?
The strategic practice of guiding a product through its entire lifecycle.
What is a trait of an effective leader
respectful, good communication, courage
Complete the statement
Business is about ______ managing business functions
people
A company's purpose, reason for being, and problem it is solving is its
misson
what is Human resources main jobs?
finding and hiring talent, training, and benefits administration to fostering a positive culture.
what is the 80/20 for project management?
the president who led the nation during the civil war was?
Abraham Lincoln
A company's purpose, reason for being, and problem it is solving is its
misson
What is a product risk?
A company's product that might have poor quality or bad customer reviews.
what is FMLA?
Guarantees unpaid leave for serious family/medical situations
what are the 7 steps of project management?
intake, initiation, planning, product selection, execution, monitoring and control, and closure.
What is the definition of effective leadership?
Is the ability to inspire and guide individuals or teams towards achieving organizational goals.
What business function is responsible for recruiting, hiring, onboarding, training, evaluating, and terminating employees?
Human resources
What is a mixed economy?
The U.S. system, blending private enterprise with government regulation.
what is ADEA?
Protects workers 40 and older from age-based discrimination.
what are the 5 c's of project management?
Complexity, Criticality, Compliance, Culture, and Compassion.
What does good leadership lead too
increased productivity, innovation, employee engagement, and retention
Business means a for - profit or non profit organization involved in commercial, industrial, or professional commerce. What is the meaning of industrial.
Items that are manufactured
What is the role of Economics in business management?
By providing a framework for understanding market behavior, consumer needs, and resource allocation.
what does employment at will mean?
Employment status where either party can terminate at any time
What are the 5 key elements of management?
planning, organizing, staffing, leading and controlling
what are the 5 E's of effective leadership
envision, express,excite, enable, execute.