3.01 Key Terms Flashcards
Accounting
keeping accurate and useful financial records; and analyzing and interpreting the recorded information.
Business
An organized effort to produce and/or distribute goods and services
Financial analysis
The process of planning, maintaining, monitoring, controlling, and reporting the use of financial resources
Human resources management
The process of planning, staffing, leading, and organizing the employees of the business
information management
The process of accessing, processing, maintaining, evaluating, and disseminating business knowledge, facts, or data
marketing
The process of creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large
operations
The day-to-day activities required for continued business functioning
outsourcing
involves using outside organizations or consultants to perform one or more of the primary business activities.
production
The process or activity of producing goods and services
strategic management
The process of planning, controlling and organizing an organization or department
