Vocabulary
The basic principles that govern your behavior
What are ethics?
All the expenses involved in running a business
What are operating expenses?
Polite behavior; good manners
What is courtesy?
The buying of goods and services for a business is called _______
What is purchasing?
What consists of two or more computers connected so that they can exchange data and programs
What is a network?
Difficult situation in which you are required to make a decision
What is a dilemma?
What is the amount of money paid for raw materials and products sold?
A museum that charges just enough admission to cover its operating expenses is called a ______
What is a not-for-profit?
What are assets?
An object placed into orbit by humans; most are used for communication purposes
What is a satellite?
Human resources are:
People who work to produce goods and services
A company pays for all its expenses this fiscal year. The amount left over after all expenses have been paid is called___________
What is profit?
The management function of setting up the way the business's work will be done
What is organizing?
The day-to-day activities for continued business function
What is operations?
Technology that allows users to make telephone calls over the internet
What is Voice over Internet Protocol (VoIP)?
What is marketing?
An economic system in which the questions of what, how, and for whom goods will be produced are answered by individuals and businesses in the marketplace is called _________
What is a market economy?
Keeping accurate and useful financial records; analyzing and interpreting the recorded information
What is accounting?
The money it takes to inventory in stock is called ____
What is holding cost?
Applications and programs that instruct computers to perform specific operations are called______
What is software?
What does EEOC stand for?
What is Equal Employment Opportunity Commission?
Risk-response strategy that involves moving the impact of a risk to someone or something else
What is transfer?
An integrated technology that assists with an organization's information management needs
What is Management Information System (MIS)
People within the business who use financial information-owners, manager, and employees are called ______
What are internal users?
A website address is called_____
What is the uniform resource locator (URL)