Business Management Vocabulary A-C Flashcards
Responsibility to someone for some activity
Accountability
Unpaid dues for goods and services
Accounts Payable
Outstanding debt to a company
Accounts Receivable
The development and placement of advertisements in paid locations for commercial products or services in order to draw attention to them.
Advertising
A list, plan, outline of things to be done
Agenda
Distribution of resources
Allocation
A claim for qualifying situations that reduces the amount of taxes an employer withholds from a taxpayer’s taxable income.
Allowance
The increase of an investment annually (yearly)
Annual Growth Rate
Measure of the cost of credit on a yearly basis expressed as a percentage
Annual Percentage Rate (APR)
A person that works for another in order to learn a trade
Apprentice
A group of people assembled to watch and listen to a show, concert, movie, or speech
Audience
Applicant shows skills by performing job duties
Audition Interview
The power or right to give orders or make decisions over another individual or group
Authority
A ruler who holds ultimate power or somebody who dominates others
Autocratic Style
A contract between a vehicle owner and the insurance company that provides coverage protecting the owner against financial loss in the event of a vehicle accident or theft.
Automobile Insurance
Borrowed money to purchase an automobile
Automobile Loan
A statement that displays the assets and liabilities of a company at a given date
Balance Sheet
A keyboard key used to delete characters when typing
Backspace
Industries providing the securing or borrowing of money
Banking Services
Issues that arise in communication between individuals or groups which prevent the receipt or comprehension of the message intended to be conveyed
Barriers to Communication
The addressee does not realize that the message is also being sent to a 3rd party whose e-mail address does not appear; also known as Blind Courtesy Copy
Blind Carbon Copy (BCC)
The distribution of people into
groups based on their knowledge, attitude, use, or response to a
product
Behavioral segmentation
A common way of formatting a business letter
Block Format
A bond is a promise to repay the principle along with
interest (coupons) on a specified date (maturity)
Bonds
The identification of a product or company through its
name, design, symbol, or other features that distinguishes it from its competitors
Brand
An estimate of income and expenditures for a specific
(usually future) period of time
Budget
Financial planning with the purpose of managing
money
Budgeting
Manager seeks employee input before they
make the final decision
Bureaucratic style
A series of cycles, varying in length, in which
the economy expands or contracts based on broad measures of
economic activity as well as the gross domestic product
Business Cycle
The display of manners and
professionalism
Business Etiquette
A written document outlining a business’s future
goals, the strategies for achieving the goals, and the expected
timeframe
Business Plan
Opportunity costs for an organization that can have a
negative impact on growth or profits
Business Risk
Profitable business done in private
Capitalism
Type of challenge-response test used in computing to ensure that the response is not generated by a computer
Captcha
An individual’s occupation usually for a long period of time that progresses through various opportunities based on skills, knowledge, and experiences and may span a number of organizations
Career
A document that portrays a company’s incoming
and outgoing cash
Cash Flow Statement
The addressee realizes that the message is also being
sent to a 3rd party; (may also be referred to as Courtesy Copy
Carbon Copy
Nerve damage to the hand that causes pain and discomfort
Carpal Tunnel Syndrome (CTS)
The action or process of consolidating control of an
activity, process, or organization together, usually under a single authority
Centralization
An account that pays interest on a lump sum of
money
Certificate of Deposit
The order in which authority and power in an
organization is used and delegated from top management to every employee at every level of the organization
Chain of command
The means by which a message is conveyed. Oral, written, and nonverbal are the three major channels of communication.
Channel of communication
An asset that is accepted for a loan
Collateral assets
To give or exchange information, e.g. by speech or writing
Communicate
The exchange of information between people, e.g. by means of speaking, writing, or using a common system of signs or behavior; the sharing of information in which the receiver understands the meaning of the message the sender intended
Communication
Public ownership with no options of private markets
Communism, mixed
A review of staff, the company’s financial situation, its production capabilities and each aspect of the marketing mix (product, promotion, place, and pricing)
Company Analysis
The amount of money paid to an employee for work performed, including salary and wages
Compensation
Contest of goods and services provided by multiple organizations
Competition
What are the company’s strengths and weaknesses when compared to its competitors
Competitive position
Interest earning interest on interest
Compounding Interest
Resolving an issues between parties
Conflict resolution
Average price range for a good or services
Consumer Price Index
Protection of buyers for products and services
Consumer regulations
A fiscal policy used to reduce economic growth, often through decreased spending or higher taxes
Contractionary policy
The processes or procedures that protect an organization through regulation, especially in regards to financial policies
Controlling
A number that represents how well or bad you manage your credit
Credit score
Who are the customers and what are their buying habits
Customer Analysis
