BUSINESS MANAGEMENT + ADMINISTRATION
FINANCE + ACCOUNTING
MARKETING + COMMUNICATIONS
HOSPITALITY + TOURISM
ENTREPRENEURSHIP
100
The funds and assets invested in a business by the owners.
What is capital?
100
a business owned and managed by a single individual
What is a sole proprietorship?
100
The action or business of promoting and selling products or services, including market research and advertising.
What is Marketing?
100
Meeting the needs of guests with kindness and goodwill.
What is hospitality?
100
A business person who accepts both the risks and the opportunities involved in creating and operating a new business venture.
What is an entrepreneur?
200
Give an example of a corporation.
Examples are Google,General Electric, Ford Motor Company.
200
When a country loses money because it is importing more than it is exporting.
What is Trade deficit?
200
List the 4 P's of marketing.
Product
Price
Place
Promotion
200
Business that physically moves people from one place to another.
What is a travel industry?
200
What are the 6 C's of credit
1. Capital
2. Collateral
3. Capability
4. Character
5. Coverage
6. Circumstances
300
Finish the equation.
Assets= ? + ?
300
an independent, objective evaluation of an organization's financial reports and financial reporting processes. The primary purpose for is to give regulators, investors, directors, and managers reasonable assurance that financial statements are accurate and complete.
What is a financial audit?
300
An outline of the marketing tools, strategies and resources that a company intends to use to promote a product or service. Usually considered a vital planning tool by most business managers that helps contribute toward the successful launch of a new product or service or its expansion into a new market.
What is promotional plan?
300
Leaders try to give the least possible guidance to subordinates, and try to achieve control through less obvious means. They believe that people excel when they are left alone to respond to their responsibilities and obligations in their own ways.
What is Laissez Faire?
300
Document in which the entrepreneur summarizes her or his business strategy for the proposed new venture and how that strategy will be implemented.
What is a business plan?
400
What is an example of negotiation?
400
What is intangible assets vs. tangible assets?
Intangible assets such as patents, trademarks, copyrights, goodwill and brand recognition.
Tangible assets include both fixed assets, such as machinery, buildings and land, and current assets, such as inventory.
400
Oversee the design,implementation, maintenance, and follow-up of all activities and programs involved with a customer business
What is an account mangers job?
400
If you are consensus; what does that mean?
Participants have shared values and goals, and have a broad agreement on specific issues and overall direction. Consensus implies that everyone accepts and supports the decision, and understands the reasons for making it.
400
What does CEO stand for and what is there job description?
chief executive officer (CEO):
The person responsible for the firm's overall performance.
500
What does J.I.T stand for in accounting? Define J.I.T.
Just-In-Time
The controlling of inventory so that materials are delivered just in time for assembly or manufacture.
500
Credit vs. Debit?
Credit: An accounting entry that may either decrease assets or increase liabilities and equity on the company's balance sheet, depending on the transaction
Debit: An accounting entry where there is either an increase in assets or a decrease in liabilities on a company's balance sheet
500
How would you describe bursting in a commercial station?
Scheduling the same commercial to run multiple times in a short period of time in the same station
500
Recession vs. Expansion
Recession is a period when the economy is slowing down and doing poorly.
Expansion is a period when the economy is growing and doing well.
500
General partner vs. Limited partner
general partner: A partner who is actively involved in managing the firm and has unlimited liability.
limited partner: A partner who generally does not participate actively in the business, and whose liability is limited to the amount invested in the partnership.