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Business Management II > Business Management II Vocabulary S-Z > Flashcards

Business Management II Vocabulary S-Z Flashcards

1
Q

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

A

Sales Volume

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2
Q

A portion of income that is not spent to purchase

A

Savings

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3
Q

An account with a financial institution

A

Savings account

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4
Q

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

A

Scarcity

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5
Q

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

A

Secured Loan

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6
Q

Providing goods or services

A

Selling

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7
Q

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

A

Service

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8
Q

Marketing the reputation of the business

A

Service-based marketing

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9
Q

Intangible items, something you cannot touch or feel

A

Services

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10
Q

A person who holds value in an organization

A

Shareholder

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11
Q

Specified as less than one year

A

Short-term goals

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12
Q

Detailed goals to help aid in the path to accomplishment

A

Smart goals

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13
Q

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

A

Social Security

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14
Q

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

A

Socialism

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15
Q

A business owned by a single (one) person

A

Sole Proprietorship

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16
Q

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

A

Spam

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17
Q

Monetary transactions

A

Spending

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18
Q

All the activities to hire and keep workers

A

Staffing

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19
Q

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

A

Stakeholder

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20
Q

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

A

Standard of Living

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21
Q

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

A

Stocks

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22
Q

Pressures experienced mentally and emotionally

A

Stress

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23
Q

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

A

Stress interview

24
Q

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

A

Subject Line

25
Q

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

A

Supervisory Management

26
Q

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

A

Supply and demand

27
Q

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

A

Supply Chain Management (SCM)

28
Q

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

A

SWOT Analysis

29
Q

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

A

Tab

30
Q

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

A

Tangible

31
Q

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

A

Target market

32
Q

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

A

Tax Sheltered Investments

33
Q

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

A

Taxes

34
Q

Questions/screening conducted over the telephone

A

Telephone interview

35
Q

Amount of time the loan will be repaid

A

Time Period

36
Q

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

A

Time Value of Money

37
Q

A specified length of time

A

Timeline

38
Q

Calculation of labor and wages for a certain time frame

A

Timesheet

39
Q

Manage people and structure of the company

A

Top Management

40
Q

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

A

Total Cost of a Loan

41
Q

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

A

Total Purchasing Cost

42
Q

Total Quality Management

A

Total Quality Management

43
Q

Amount of money received for trading in an automobile

A

Trade-In

44
Q

Switching an aspect to experience gain in another area

A

Trade-offs

45
Q

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

A

Unemployment rate

46
Q

How much it costs to produce the product

A

Unit Costs

47
Q

Price at which a product is sold (by unit)

A

Unit Sales Pricing

48
Q

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

A

Variable Costs

49
Q

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

A

Vertical Management

50
Q

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

A

Vertical Organization

51
Q

Unnecessary but desired items which increase the quality of living

A

Want

52
Q

Overall state of being happy healthy, and prosperous

A

Well-being

53
Q

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

A

Workman’s compensation

54
Q

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

A

Year-to-Date

55
Q

No imperfections

A

Zero Defects - No imperfections

Business Management II (6 decks)

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