Business Management II Vocabulary S-Z

Question 1

The quantity or number of goods sold or services sold in the normal operations of a company in a specified period

Answer 1

Sales Volume

Question 2

A portion of income that is not spent to purchase

Answer 2

Savings

Question 3

An account with a financial institution

Answer 3

Savings account

Question 4

the idea that only a finite amount of resources are available or in supply

Answer 4

Scarcity

Question 5

A loan that is backed up by something the lender can take if the borrower defaults

Answer 5

Secured Loan

Question 6

Providing goods or services

Answer 6

Selling

Question 7

Intangible items that have monetary value that satisfy needs and wants
touch or feel

Answer 7

Service

Question 8

Marketing the reputation of the business

Answer 8

Service-based marketing

Question 9

Intangible items, something you cannot touch or feel

Answer 9

Services

Question 10

A person who holds value in an organization

Answer 10

Shareholder

Question 11

Specified as less than one year

Answer 11

Short-term goals

Question 12

Detailed goals to help aid in the path to accomplishment

Answer 12

Smart goals

Question 13

A trust fund instituted to pay benefits for retirees, surviving spouses, and dependents run by the government

Answer 13

Social Security

Question 14

More equal distribution of goods and services, more government control, and less private market growth

Answer 14

Socialism

Question 15

A business owned by a single (one) person

Answer 15

Sole Proprietorship

Question 16

Unsolicited messages often sent to a large number of recipients via email

Answer 16

Spam

Question 17

Monetary transactions

Answer 17

Spending

Question 18

All the activities to hire and keep workers

Answer 18

Staffing

Question 19

Part owner of an organization who has a controlling factor in decisions for the company

Answer 19

Stakeholder

Question 20

A level of wealth, comforts, or services available to a society or region

Answer 20

Standard of Living

Question 21

Shares of ownership interest in a company that entitles the holder to a dividend; the shares are sold to raise capital for a corporation

Answer 21

Stocks

Question 22

Pressures experienced mentally and emotionally

Answer 22

Stress

Question 23

Applicant put under pressure through rapid succession of questions, hostility or argument to see how applicant reacts

Answer 23

Stress interview

Question 24

Is not just the title of the email message but the required item to grab attention as well as show your creditability to the recipient

Answer 24

Subject Line

Question 25

Supervise employees who actually carry out the tasks determined by middle and top management: the act of managing employees in a business

Answer 25

Supervisory Management

Question 26

Economics, the output for a product and the request for that product

Answer 26

Supply and demand

Question 27

Coordinating the flow of goods and services from raw materials through production to distribution

Answer 27

Supply Chain Management (SCM)

Question 28

A study used by an organization to analyze its strengths and weaknesses as well as opportunities and threats

Answer 28

SWOT Analysis

Question 29

A way to move your cursor over without using the space bar. Automatic indent of 5 spaces

Answer 29

Tab

Question 30

substantially real, capable of being touched, discernible by the touch Target market – A specific group of consumers for whom a company creates a product or service; a group of people or companies that you are interested in reaching

Answer 30

Tangible

Question 31

A specific group of consumers for whom a company creates a product or service; a group of people or companies that you are interested in reaching

Answer 31

Target market

Question 32

Reduce, defer, eliminate, or adjust the current year tax liability

Answer 32

Tax Sheltered Investments

Question 33

Required contributions local, state, and federal governments charge citizens that are used to fund public goods and services

Answer 33

Taxes

Question 34

Questions/screening conducted over the telephone

Answer 34

Telephone interview

Question 35

Amount of time the loan will be repaid

Answer 35

Time Period

Question 36

A calculation based on the concept of compounding interest that can be used to determine the future value of money based on the amount available today

Answer 36

Time Value of Money

Question 37

A specified length of time

Answer 37

Timeline

Question 38

Calculation of labor and wages for a certain time frame

Answer 38

Timesheet

Question 39

Manage people and structure of the company

Answer 39

Top Management

Question 40

Total of the principal loan amount, interest paid, and other fees

Answer 40

Total Cost of a Loan

Question 41

Total of the down payment, trade-in value, and total loan amount

Answer 41

Total Purchasing Cost

Question 42

Total Quality Management

Answer 42

Total Quality Management

Question 43

Amount of money received for trading in an automobile

Answer 43

Trade-In

Question 44

Switching an aspect to experience gain in another area

Answer 44

Trade-offs

Question 45

The % of those in the labor force, over the age of 16, actively seeking jobs but unable to find work

Answer 45

Unemployment rate

Question 46

How much it costs to produce the product

Answer 46

Unit Costs

Question 47

Price at which a product is sold (by unit)

Answer 47

Unit Sales Pricing

Question 48

Changes in direct proportion to changes in sales volume, such as; raw material, energy, and labor

Answer 48

Variable Costs

Question 49

Power comes from the top, work can become very fragmented and communication is lost

Answer 49

Vertical Management

Question 50

A structure defining the chain of command in which managers direct and control the tasks and responsibilities of their subordinates

Answer 50

Vertical Organization

Question 51

Unnecessary but desired items which increase the quality of living

Answer 51

Want

Question 52

Overall state of being happy healthy, and prosperous

Answer 52

Well-being

Question 53

Money owed to an employee after an injury during work hours or on the job

Answer 53

Workman’s compensation

Question 54

The period of time from the start of the current calendar or fiscal year to today, often used on paychecks to track withholdings and income

Answer 54

Year-to-Date

Question 55

No imperfections

Answer 55

Zero Defects - No imperfections