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100
A person who starts a new business or purchases an existing business
What is an enterpeneur
100
The movement of money into and out of a business
What is cash flow
100
Someone with experience who can provide advice, suggestions, and ideas.
What is a mentor
100
Outlines how company decisions are made
What is a policy
100
The process of recruiting, hiring, training, evaluating, and compensating employees
What is staffing
200
An asset pledged that will be claimed by a lender if the loan is not repaid
What is collateral
200
A sentence in a business plan that describes the purpose of the business
What is mission statement
200
Interacting forces within a group
What is group dynamics
200
identifies the hierarchy of the employees within a business
What is organizational structure
200
The process of controlling and making decisions about a business
What is management
300
The practice of organizing time and work tasks to increase personal efficiency
What is time management
300
A written statement of goals and objectives for a business with a strategy to achieve them
What is a business plan
300
The ability to analyze a situation, interpret information, and make reasonable decisions
What is critical thinking skills
300
Created for the long-term goals of an organization
What is Strategic plans
300
Process of gathering and analyzing of information about a business
What is market research
400
This theory has managers that believe that employees need close supervision at all times
What is X theory
400
Theory is democratic, leader maintains control but seeks input from workers
What is Theory Y
400
Leadership is trusting of workers to make sound decisions
What is Theory Z
400
Private investors who fund start-up businesses
What is angel investors
400
Capital brought into a business in exchange for a percent of ownership in the business
What is equity financing
500
Critical skills necessary to perform the required work-related tasks of a position
What is job-specific skills
500
Takes more than a year to reach
What is long-term goal
500
Levels of management
What is top management, middle management, first-line management (any order)
500
What doe the letters in SMART stand for in SMART goals
What is specific, measurable, attainable, realistic, timely
500
Process in which a neutral person meets with each of a negotiation in an attempt to find a solution that both sides will accept
What is mediation