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Business Management II > Business Management II Vocabulary G-L > Flashcards

Business Management II Vocabulary G-L Flashcards

1
Q

Production projection graph

A

GANTT

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2
Q

Breaks people into groups based on location

A

Geographic segmentation

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3
Q

The use of body movements to communicate

A

Gesture

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4
Q

Globalization

A

Globalization

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5
Q

The end result a person or business intends to achieve, do, reach, or accomplish sometime in the future

A

Goal

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6
Q

Tangible items produced, sold, and consumed that have a monetary value

A

Goods

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7
Q

The market value of goods and services produced using labor in a home country in a given year

A

Gross Domestic Product (GDP)

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8
Q

The amount of wages or salary earned by an employee during a pay period before deductions are subtracted

A

Gross Pay

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9
Q

Involves a panel of interviewers to see how the applicant interacts

A

Group or Committee interview

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10
Q

The sender’s return address followed by the date at the top of a business letter

A

Heading

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11
Q

A type of insurance that covers some or all of the medical expenses incurred by the insured individual

A

Health Insurance

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12
Q

A visual representation showing each component of an organization and the relationship between components

A

Hierarchical chart

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13
Q

A ranking of individuals where the higher level means greater authority, importance, and influence.

A

Hierarchy

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14
Q

Combines property and liability insurance into one policy to protect a home from damage.

A

Homeowner’s Insurance

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15
Q

A horizontal structure provides employees with the tools and skills needed. Cross function (from department to department) communication and creative thinking are encouraged.

A

Horizontal Management

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16
Q

Ideal talent or skills to be possessed for the benefit of an organization

A

Human Capital

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17
Q

A necessary department in all organizations that assist in training, hiring, and defending employees

A

Human Resources (HR)

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18
Q

To practice or include

A

Implementing

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19
Q

A warranty imposed by law but not stated orally or in writing and requires certain standards to be met.

A

Implied Warranty

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20
Q

A goal to improve a specific agenda

A

Improvement plan

21
Q

The amount of money or its equivalent received during a period of time in exchange for labor or services, from the sale of goods or property, or as profit from financial investments.

A

Income

22
Q

A document reporting a company’s revenue and expenses for a particular period of time; also known as a Profit or Loss Statement

A

Income statement

23
Q

A general increase in prices across an economy; rise in the cost of goods and services over time

A

Inflation

24
Q

To communicate information or knowledge to somebody

A

Inform - To communicate information or knowledge to somebody

25
Q

Self-taught in a non-structured setting

A

Informal education

26
Q

The social structure within an organization characterized by dynamic and often not-well defined relationships, networks, policies, and procedures

A

Informal organization

27
Q

To teach somebody a subject or how to do something

A

Instruct

28
Q

An arrangement in which an organization (company or governmental agency) receives payment of a premium in exchange for a guarantee of compensation for identified events

A

Insurance

29
Q

Assets which lack physical substance and are not able to be touched

A

Intangible

30
Q

Communicate the objectives of the organization to the staff, and motivate the workforce in order to make sure they accomplish their tasks.

A

Integrating

31
Q

Money the bank pays you for leaving it in your savings account

A

Money the bank pays you for leaving it in your savings account

32
Q

An individual who is applying for a position within an organization

A

Internal candidate

33
Q

The market within the same company

A

Internal markets

34
Q

Good and services being distributed between countries

A

International Trade

35
Q

Communication between offices/departments within the same company

A

Interoffice

36
Q

Allocating money through a financial product or other items of value with an expectation of future benefit.

A

Investing

37
Q

A work role with a specific organization

A

Job

38
Q

Written statements listing the requirements of a particular job and the skills needed to fulfill those requirements often detailing specific duties and responsibilities

A

Job descriptions

39
Q

Refusal to interfere in other people’s affairs, or the practice of letting people do as they wish; let it be or hands-off (the term is French for let it be or hands-off)

A

Laissez-faire style

40
Q

Organizational arrangements include individuals of different departments and groups, on the same organizational level and involve coordination and consultation

A

Lateral

41
Q

Pursuing expectations through positive engagement and initiative

A

Leadership

42
Q

Influencing people to accomplish the goals of a business

A

Leading

43
Q

A financial institution that lends money

A

Lender

44
Q

Debts that a business owes

A

Liabilities

45
Q

A contract between an insurer and policyholder specifying a sum to be paid to a beneficiary upon the insured’s death

A

Life Insurance

46
Q

Simple organizational structure in which each person reports to one supervisor

A

Line Organization

47
Q

Assets that can be transferred into cash

A

Liquidity

48
Q

Specified as more than one year

A

Long-term goals

Business Management II (6 decks)

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