Products & Services
A process that combines raw materials or components to create a finished product.
What is a synthetic process?
Provides protection for whistle blowers and requires corporate officers to certify financial statements.
What is the Sarbanes-Oxley Act?
The process of attracting qualified job appicants.
What is recruiting?
A summary of a company's assets, liabilities, and stockholder's equity. The summation of the Accounting Equation, A= L + SE/OE.
What is the Balance Sheet?
Holders of these financial instruments have first claim on assets when a company is fiscally dissolved.
What is Preferred Stock?
The ability of a good or service to satisfy a human need.
What is Utility?
The inner rituals, traditions, processes, and values of a firm.
What is corporate culture?
Civil Rights Act, Affirmative Action, Employee Safety, and employees with disabilities.
What are legal considerations of HR?
A summary of a company's revenues, expenses, and net income.
What is the Income Statement?
Profits not distributed as dividends to stockholders.
What is Retained Earnings?
The transformation of goods into products and services.
What is a Conversion Process?
Assigning part of a manager's work and power to other workers.
What is delegation of authority?
A list of qualifications to perform a certain job.
What is a job specification?
A statement that details where the cash comes from and where it goes within the company.
What is the Statement of Cash Flows?
Financing that is not secured by collateral.
What is unsecured financing?
The number of products or services that an organization can produce in a given time.
What is capacity?
Financial managers, operations managers, marketing managers, human resources managers, and administrative managers.
What are some different types of managers that require various information?
Hourly wage, salary, commissions, incentive pay, lump-sum salary increases, and profit-sharing.
What are types of compensation for employees?
Debt owed by a company.
What is a liability?
A wealthly investor who funds start-up companies.
What is an Angel Investor?
A group of similar products that differ only in relatively minor characteristics.
What is a product line?
A plan that will enable an organization to make the best use of its resources and advantages to meet its objectives.
What is a marketing strategy?
A system that recognizes and respects the differences among people based on age, race, ethnicity, gender, sexual orientation, and ability.
What is cultural diversity?
A number that shows a relationship between two elements of a company's financial statements.
What is a Financial Ratio?
A summary of the investment needed, sales and expenses forecasted.
What is a Financial Plan?