Business Management Vocabulary D-F Flashcards
a program such as Access includes both the database information and the tools to use it
Database management system
Brainstorming of ideas
Decision-making process
An established amount of money paid by a policyholder before an insurance provider will pay expenses
Deductible
Takeaways from mandatory contributions
Deductions
Sighting of a failing or deficiency, an imperfection
Defect Detection
Keeping a deficiency, an imperfection from occurring
Defect Prevention
Lowering of costs in economic hardship
Deflation
Manager shares the decision making with the employees
Democratic style
Free and equal participation in the decision making processes of a group or organization
Democratic
Breaks people into groups based on measurable statistics such as age or gender
Demographic segmentation
Any individual other than the taxpayer or spouse who a taxpayer may receive a dependency exemption for
Dependent
Add money into an account
Deposit
A severe downturn in the economy that is especially prolonged
Depression
The electronic transfer of a payment directly from the account of the employer to that of the employee
Direct Deposit
A type of insurance providing income protection to a beneficiary should the individual become unable to work due to illness or injury
Disability Insurance
Denial of opportunities to individuals on the basis of some characteristic
Discrimination
The act of consciously or unconsciously altering a fact or message
Distortion
Interferences with the message on both ends. These could be ringing phones, poor grammar and spelling, interruptions, etc.
Distraction
The action or process of physically moving and storing goods to reach end customers
Distribution
Amount of money being paid for the automobile at time of purchase
Down Payment
Goods that last for a relatively long period of time and are not for immediate consumption
Durable goods
messages sent using an electronic means from an author to one or more recipients
A valued good or service in the economy
Economic goods
A sustained increase in the number of goods and services produced in an economy
Economic growth
Enticing behaviors to act on certain wants
Economic incentives
Labor provided in the economy
Economic services
The study of supply and demand, production and distribution
Economics
Reductions in unit cost that can be achieved through a higher volume of activity, such as; fixed costs that are spread out over a higher volume of sales
Economics of scale
Producing and purchasing good and services
Economy
The act or process of educating or being educated. The knowledge or skill obtained or developed by a learning process
Education
Enable individuals to prepare for future success in the workplace
Education goals
Facial expressions created
Emoticons
How-to guide for conduct and responsibilities
Employee manual
Activity that introduces employees to the organization
Employee Orientation
Protocols workers of organizations should follow
Employee Procedures
An individual’s entitlements within an organization
Employee rights
Customers that are able to get more information and make better decisions about purchases and service
Empowered Consumer
To engage a person or audience by providing amusing or interesting material
Entertain
Owning a business or organization that you created/ built
Entrepreneurship
Protecting the environment from damage
Environmental Protection
The science of designing environments and products to match the individuals who use them
Ergonomics
When an individual or group is committed to a course of action despite negative outcomes that indicate altering course would be the best decision
Escalation of Commitment
Behavioral conduct that displays professionalism and moral righteousness
Ethical behavior
The phase of the business cycle when the economy grows and there is an increase in the number of goods and services available
Expansion
A fiscal policy used to encourage economic growth, often through increase spending or tax cuts
Expansionary policy
All costs incurred in operating the business, such as the cost of materials used to manufacture the company’s products; the amount of money spent in order to buy or pay for goods or services
Expenses
A look on somebody’s face, conveying a thought or feeling
Expression
An applicant who does not already work within the organization
External candidate
Market outside of the company
External markets
Land, Labor, Production, entrepreneurship. Items used to create goods and services
Factors of production
Facsimile machine: document sent over a telephone line
Fax
Government insurance protection for deposits
FDIC
A receiver’s response to a sender’s message
Feedback
First in Last Out, what came in first will be the last to leave
First in Last Out, what came in first will be the last to leave
Opportunities to purchase or sell
Finance options
Objectives related to financial planning that are tied to specific goals
Financial goals
Illustrates the trade-offs between risk and return for a number of saving and investing tools
Financial Risk Pyramid
Private and public markets, item of value that is interchangeable that can improve an organization’s bottom line
Financial security
Getting the money that is necessary to pay for the operation of a business and it also involves decisions about whether to offer credit to customers
Getting the money that is necessary to pay for the operation of a business and it also involves decisions about whether to offer credit to customers
Introduction of a relationship (customer/ business) (business/ investor) (applicant/ employer)
First impression
The use of federal government’s power to tax and spend to regulate the economic activity
Fiscal Policy
A cost that remains unchanged such as; rent, salaries, insurance
Fixed costs
An electronic message containing angry, abusive, threatening, or offensive content
Flame
An organizational structure characterized by few or no levels of management
An organizational structure characterized by few or no levels of management
Employment Eligibility Verification form. This form is for employers to verify the employee is able to work in the United States
Form I-9
Employee’s Withholding Allowance Certificate. This form determines the percentage of gross pay to be withheld for taxes
Form W-4
Standardized learning that is formalized through a diploma, certification or degree
Formal education
An organization with structured rules and procedures described in writing
Formal organization
A set of activities completed by a department within a larger organization, often characterized by specialty (e.g., finance, marketing, and engineering)
Function
