economic concepts
is a persons productive activity towards a specific job or activity
what is labor?
process of reaching a company’s goals and objectives by utilizing its resources
what is management
a mental picture a person has of themselves
what is self-image
is being able to evaluate arguments and info quickly
what is critical thinking
department responsible for managing the use of company funds, obtaining needed funds and creating a financial plan
what is Finance
having unlimited human wants in a world of limited resources
what is scarcity
items of value owned by a business
what is assets
person's overall sense of worth
what is self-esteem
the most important skill in a workplace
what is effective communication
four interrelated marketing strategies used to meet consumer needs
what is Marketing Mix
the amount charged as a percentage of the initial loan borrowed from a lender
what is interest rate
financial statement which reports totals in asset, liability and owner’s equity accounts
what is balance sheet
when you have a bad image of your self
what is low self-esteem
is a specific style or behavior in a workplace
what is professional
human skills required to start and run a business
what is Entrepreneurship
can serve as a economic activity indicator in retail
what is consumer spending
pyramid expressing the needs of people in levels
what is Maslow's Hierarchy of Needs
when you have a good image of yourself
what is high self-esteem
often provide job advancement
what is ethical behaviors
economic and political system in which trade and industry are controlled by private owners for profit
what is Capitalism
measures the output of per hour of individual employees for a defined time period
what is employee productivity
Assets = Liabilities + Owner’s Equity
what is Accounting Equation
statement showing a strong belief in or dedication to something
what is affirmation
is required for professional advancement
what is academic preparation
rule which states at some point adding more factors to a production process will not improve returns
what is Law of Diminishing Returns