Production
What term refers to the knowledge and skills of individuals that contribute to the production process?
Human Capital / Labour
What is the term for the voluntary termination of an employee's employment by the employee?
Resignation
What is the term for the process of setting goals, planning, organizing resources, leading, and controlling activities to achieve organizational objectives?
Management
What 'P' in the marketing mix involves determining the amount a customer pays for a product or service?
Price
The accounting equation is expressed as Assets = Liabilities + what?
Owner's Equity
What is the process of inspecting, testing, or checking products to ensure that they meet specified standards?
Quality Control
What term is used to describe the process of reducing the workforce through layoffs or attrition?
Downsizing
What type of leadership style involves making decisions without consulting others and expecting subordinates to comply?
Autocratic Leadership
What is the distinctive name, design, symbol, or slogan that identifies a product and sets it apart from the competition.
Brand
This financial statement provides a snapshot of a company's assets, liabilities, and equity at a specific point in time.
Balance Sheet
What is the term for the process of converting raw materials into finished goods?
Manufacturing
What is the term for the process of attracting, selecting, and retaining employees in an organization?
Recruitment
In management, what is the term that represents a company's commitment to ethical practices and social responsibility?
Corporate Social Responsibility (CSR)
In which stage of the product life cycle do companies typically focus on advertising and building brand awareness?
Introduction Stage
This term refers to the ease with which an asset can be quickly converted into cash without a significant loss of value. What is it?
Liquidity
What is the term for the production of goods in large quantities through standardized processes?
Mass Production
In HR, what does the acronym "PTO" stand for?
Paid Time Off
This management theorist is known for the Hierarchy of Needs and the Theory of Motivation. Who is it?
Abraham Maslow
These businesses help move goods from producers to consumers. What are they?
Intermediaries
This term refers to the excess of revenues over expenses. What is it called?
Net Income
This production method involves a series of workers and machines working in a linear sequence to assemble a product. What is it?
Assembly Line
What is the term for a situation where employees express dissatisfaction with their work conditions by engaging in a work stoppage?
Strike
I lead with voices, opinions I seek, In decisions, everyone has a peek. Collaboration is my guiding light, In leadership, I make things right.
What am I?
Democratic Leadership
In SWOT analysis, this component involves assessing factors such as economic conditions, government regulations, and technological developments. What is it?
Opportunities and/or Threats
What is the term for the systematic allocation of the cost of an asset over its useful life?
Depreciation