Bus Prin and Prac Flashcards
To serve their organizations effectively, security managers must understand
Business principles
What type of training works best in the security industry
Mentoring
What is a concrete specification of products or services, level of quality, and other tangible aspects of the business, as well as a communication of business functionality and operational methods?
Mission
Which of the following is not one of the three standard, financial reports?
Notes to financial statement
What is NOT one of the three key reasons business people make unethical choices?
Greed
What is the first step in establishing a financial strategy?
Identify expected margins
What is a specific description of where the business will be in the long-term, and a general understanding of the business, its culture, and its future goals?
Vision
What is the foundation for training
Education
Who of the following is the author of the motivational theory which specifies two types of employees: Theory X employees who must be prodded to work, and Theory Y employees are naturally motivated?
Douglas McGregor
_______ bonds protect against employee dishonesty, while _________ bonds guarantee a contract.
Fidelity and surety
A ______________ is the cornerstone of an ethics program.
Mission statement
What is the most important aspect of personnel selection?
A face-to-face interview
How often should formal and informal performance appraisals be conducted?
Formal: Annually , Informal: Bi-annually
Relative to organizational objectives, what is “SMART”?
Specific, measurable, attainable, relevant, time-bound
_______________ budgeting is a process where only funds for justified expenditures are provided.
Zero-based
If a security function doesn’t result in more revenue than is possible without it, it should be
Reduced or eliminated
Which of the following is NOT a learning domain?
Intellectual
Which of the following BEST describes the document that tells how much money an organization generates (revenue), how much it spends (expenses), and the difference between those figures (net income)
Income statement
The practice of borrowing capital to purchase assets that can increase revenue is called which of the following?
Leveraging
In most cultures, this is the closest thing to a universal guideline or Golden Rule: to treat others the way one would want to be treated. This guiding principle works for both individuals and organizations. This BEST describes which of the following?
Business ethics
By using what kind of knowledge, security managers can organize their efforts in a way that best supports the overall vision and mission of their organization?
Business knowledge./ Principles
Who are those that are recognized as the effective security manager within the organization?
Those that are recognized within their organization as business partners
At some point a business must determine the type of product or service to sell and how to develop, deliver, and finance that output. To manage this process successfully, what managers and owners must employ?
Practices that support the goals of their business
What security managers must develop that define success and support business decisions?
Metrics