3.1
An organized effort to produce and/or distribute goods and services
business
the day to day activities required for continued business functioning
operations
What is another word for honesty?
Integrity
___________:the management function that monitors the work effort.
A. planning
B. staffing
C. controlling
C. Controlling
The 2 main devisions of the trade industry are?
A. Wholesalers and Retailers
B. Manufacturers and Wholesalers.
C. Employees and Customers
A. Wholesalers and Retailers
Keeping accurate and useful financial records; and analyzing and interpreting the recorded information.
accounting
the process of planning, controlling, and organizing and organization or department.
A. Strategic Management
B. Production
C. Operations
A. Strategic Management
Instinct; gut feeling
Intuition
The ability to communicate, interact, and build relationships with others.
interpersonal skills
People who use goods and services to satisfy their wants.
Consumers
the usage of outside organizations or consultants to perform one or more of the primary business activities.
outsourcing
Storing and retrieving employee payroll data demonstrates....
information management
The result of an action
consequence
In human resource management what is the first step to be completed for staffing?
Determining need
A business that buys consumer goods and services and sells them to the ultimate consumer.
retailer
A museum that charges just enough money to cover its operating expenses is called a ____________ business.
non-profit or not-for-profit
the process of planning, staffing, leading, and organizing the employees of the business.
human resource management
Jason thinks its OK to steal a few things from work. What ethical principal is he lacking?
trustworthiness
What is the main purpose of management?
A. to obtain the needed resources.
B. to accomplish the business's goals.
C. to reach a specific level of customer
D. to create accurate financial statements.
B. to accomplish the business's goals.
A type of producer that constructs roads, bridges, buildings, houses, etc.
builder
When 2 companies merged, what was most likely to happen:
A. All of the primary business activities were unaffected.
B. Each primary business activity became 2 smaller business activities.
C. All of the primary business activities combined into 2 distinct activities.
D. Each primary business activity combined with the matching activity of the other firm.
D. Each primary business activity combined with the matching activity of the other firm.
the process of creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.
Marketing
Standards that govern behavior; not dependent on circumstances
Ethical Principles
Which level of management helps an employee count the money in a cash drawer and prepare a bank deposit?
First line or Front line
A type of business that performs intangible activities that satisfy the needs and wants of consumers or industrial users.
Service business