Business Management Vocabulary A-C

Question 1

Responsibility to someone for some activity

Answer 1

Accountability

Question 2

Unpaid dues for goods and services

Answer 2

Accounts Payable

Question 3

Outstanding debt to a company

Answer 3

Accounts Receivable

Question 4

The development and placement of advertisements in paid locations for commercial products or services in order to draw attention to them.

Answer 4

Advertising

Question 5

A list, plan, outline of things to be done

Answer 5

Agenda

Question 6

Distribution of resources

Answer 6

Allocation

Question 7

A claim for qualifying situations that reduces the amount of taxes an employer withholds from a taxpayer’s taxable income.

Answer 7

Allowance

Question 8

The increase of an investment annually (yearly)

Answer 8

Annual Growth Rate

Question 9

Measure of the cost of credit on a yearly basis expressed as a percentage

Answer 9

Annual Percentage Rate (APR)

Question 10

A person that works for another in order to learn a trade

Answer 10

Apprentice

Question 11

A group of people assembled to watch and listen to a show, concert, movie, or speech

Answer 11

Audience

Question 12

Applicant shows skills by performing job duties

Answer 12

Audition Interview

Question 13

The power or right to give orders or make decisions over another individual or group

Answer 13

Authority

Question 14

A ruler who holds ultimate power or somebody who dominates others

Answer 14

Autocratic Style

Question 15

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.

Answer 15

Automobile Insurance

Question 16

Borrowed money to purchase an automobile

Answer 16

Automobile Loan

Question 17

A statement that displays the assets and liabilities of a company at a given date

Answer 17

Balance Sheet

Question 18

A keyboard key used to delete characters when typing

Answer 18

Backspace

Question 19

Industries providing the securing or borrowing of money

Answer 19

Banking Services

Question 20

Issues that arise in communication between individuals or groups which prevent the receipt or comprehension of the message intended to be conveyed

Answer 20

Barriers to Communication

Question 21

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

Answer 21

Blind Carbon Copy (BCC)

Question 22

The distribution of people into
groups based on their knowledge, attitude, use, or response to a
product

Answer 22

Behavioral segmentation

Question 23

A common way of formatting a business letter

Answer 23

Block Format

Question 24

A bond is a promise to repay the principle along with

interest (coupons) on a specified date (maturity)

Answer 24

Bonds

Question 25

The identification of a product or company through its | name, design, symbol, or other features that distinguishes it from its competitors

Answer 25

Brand

Question 26

An estimate of income and expenditures for a specific | (usually future) period of time

Answer 26

Budget

Question 27

Financial planning with the purpose of managing | money

Answer 27

Budgeting

Question 28

Manager seeks employee input before they | make the final decision

Answer 28

Bureaucratic style

Question 29

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

Answer 29

Business Cycle

Question 30

The display of manners and | professionalism

Answer 30

Business Etiquette

Question 31

A written document outlining a business’s future goals, the strategies for achieving the goals, and the expected timeframe

Answer 31

Business Plan

Question 32

Opportunity costs for an organization that can have a | negative impact on growth or profits

Answer 32

Business Risk

Question 33

Profitable business done in private

Answer 33

Capitalism

Question 34

Type of challenge-response test used in computing to ensure that the response is not generated by a computer

Answer 34

Captcha

Question 35

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

Answer 35

Career

Question 36

A document that portrays a company’s incoming | and outgoing cash

Answer 36

Cash Flow Statement

Question 37

The addressee realizes that the message is also being | sent to a 3rd party; (may also be referred to as Courtesy Copy

Answer 37

Carbon Copy

Question 38

Nerve damage to the hand that causes pain and discomfort

Answer 38

Carpal Tunnel Syndrome (CTS)

Question 39

The action or process of consolidating control of an | activity, process, or organization together, usually under a single authority

Answer 39

Centralization

Question 40

An account that pays interest on a lump sum of | money

Answer 40

Certificate of Deposit

Question 41

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

Answer 41

Chain of command

Question 42

The means by which a message is conveyed. Oral, written, and nonverbal are the three major channels of communication.

Answer 42

Channel of communication

Question 43

An asset that is accepted for a loan

Answer 43

Collateral assets

Question 44

To give or exchange information, e.g. by speech or writing

Answer 44

Communicate

Question 45

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

Answer 45

Communication

Question 46

Public ownership with no options of private markets

Answer 46

Communism, mixed

Question 47

A review of staff, the company’s financial situation, its production capabilities and each aspect of the marketing mix (product, promotion, place, and pricing)

Answer 47

Company Analysis

Question 48

The amount of money paid to an employee for work performed, including salary and wages

Answer 48

Compensation

Question 49

Contest of goods and services provided by multiple organizations

Answer 49

Competition

Question 50

What are the company’s strengths and weaknesses when compared to its competitors

Answer 50

Competitive position

Question 51

Interest earning interest on interest

Answer 51

Compounding Interest

Question 52

Resolving an issues between parties

Answer 52

Conflict resolution

Question 53

Average price range for a good or services

Answer 53

Consumer Price Index

Question 54

Protection of buyers for products and services

Answer 54

Consumer regulations

Question 55

A fiscal policy used to reduce economic growth, often through decreased spending or higher taxes

Answer 55

Contractionary policy

Question 56

The processes or procedures that protect an organization through regulation, especially in regards to financial policies

Answer 56

Controlling

Question 57

A number that represents how well or bad you manage your credit

Answer 57

Credit score

Question 58

Who are the customers and what are their buying habits

Answer 58

Customer Analysis