Key Terms
What is the limit on either the quantity or value of a product that may be imported
What is a Quota
A strategy in which an insurable risk is shifted to another party by means of an insurance policy
Risk Transfer
______ include the activities involved in the daily functions of the business to generate revenue
Operations
Maintain Appropriate Personal _______
appearance
The best way for people to obtain information about a variety of career fields and options is by _______
accessing online employment services (any answer including online employment services is acceptable)
What is the process of introducing new ideas or processes
Innovation
The selection and training of individuals for specific job functions, and delegating them the associated responsibilities
Staffing
Explain the nature of effective written _______
communications
Discuss the nature of Human _______ management
resources
An employee is visiting the company's European office in an effort to obtain a transfer. The best way for the employee to obtain the transfer is to interview with the appropriate person and _______
Send a follow-up email (any answer including follow up is acceptable)
What are the materials that are consumed within an office setting during normal business operations
Business Supplies
what is the state of having paid work
Employment
Evaluate QUality and Source of ______
information
Discuss the nature of customer ______ management
relationship
How can you be sure to learn from the mistakes made during the course of a project
Document all changes/corrections
What is the process of collecting and analyzing data that can be used in the strategic decision making process for a business
Information Management
What is the bargaining process between two or more seeking to discover a common ground and reach an agreement to settle a matter of mutual concern
Negotiation
Explain the role of F_____ in business
finance
Explain marketing and its importance in a global _______
economy
In a private enterprise economic system, the interaction of supply and demand primarily determines
Product prices
What is setting goals and determining how to reach them
Planning
The action or process of carrying out or accomplishing an action, task, or function
Performance
Analyze _____ expectations in the business environment
Employer/Customer
Describe the concept of ______
insurance
Richard is giving a presentation at a conference in his industry. He fails to adequately prepare, shows up late for his presentation, and doesn't do a good job. What effect will his poor performance have on his company.
It will reflect poorly on his company's image