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Small Business Management
Business Leadership
Chapter Vocabulary
Human Resources Management
Financial Resources Management
100
This is a government agency that provides services and helpful publications to small businesses.
What is Small Business Administration (SBA)?
100
This is the ability to influence individuals, groups, or teams to accomplish important goals.
What is leadership?
100
This shows the financial performance of a business.
What is a financial record?
100
Large business firms employ specialists in the area.
What are job analysts?
100
This is one of the reasons why small businesses often fail.
What is poor finance management?
200
This is a written description of the business idea and how it will be carried out.
What is a business plan?
200
This term includes improving profits, the "bottom line" of the business.
What is Business Leadership?
200
This is a financial statement that lists a business's assets and liabilities.
What is a balance sheet?
200
A fixed amount of money paid to an employee regardless of the number of hours worked.
What is a salary?
200
This is used to plan income and expenses from the beginning of a new business or a major business expansion until it becomes profitable.
What is a start-up budget?
300
An example of this would be having a poor location or not having enough start-up money.
What is an example of a small business problem?
300
This type of communication moves across the organization at the same level--Employee to employee or manager to manager.
What is Horizontal communication?
300
This is an independent business with fewer than 500 employees.
What is a small business?
300
This happens after the manager completes the evaluation form.
What is a evaluation conference?
300
The financial plan for the day-to-day operations of the business.
What is the operating budget?
400
New small business ideas can come from these.
What are hobbies?
400
This gives the manager self-confidence and the abnility to handle problems effectively.
What is Self-Understanding?
400
Some employees may be offered these plans, including health, life, dental, and disability.
What are insurance plans?
400
An employee must work for a business for a certain period of time, perhaps six months or a year, before being able to take this.
What is a paid vacation?
400
This is an estimate of the money expected to be received and paid out over a specific period of time.
What is the cash budget?
500
These are Description of Business, Customer Analysis, Description of the Competition, Operations Plan, financial Plan, and Marketing Plan.
What are the Key Elements of a Business Plan?
500
Communication: Listens, speaks, and writes effectively. Objectivity: Looks at all sides of an issue before making a decision.
What are two examples of Characteristics of Effective Business Leaders?
500
This is the amount of money paid to an employee for work performed.
What is compensation?
500
Costly additions to the expense of employee compensation.
What are fringe benefits?
500
Business use these because they have templates for each financial record.
What are computerized financial systems?