Business Management Vocabulary D-F

Question 1

a program such as Access includes both the database information and the tools to use it

Answer 1

Database management system

Question 2

Brainstorming of ideas

Answer 2

Decision-making process

Question 3

An established amount of money paid by a policyholder before an insurance provider will pay expenses

Answer 3

Deductible

Question 4

Takeaways from mandatory contributions

Answer 4

Deductions

Question 5

Sighting of a failing or deficiency, an imperfection

Answer 5

Defect Detection

Question 6

Keeping a deficiency, an imperfection from occurring

Answer 6

Defect Prevention

Question 7

Lowering of costs in economic hardship

Answer 7

Deflation

Question 8

Manager shares the decision making with the employees

Answer 8

Democratic style

Question 9

Free and equal participation in the decision making processes of a group or organization

Answer 9

Democratic

Question 10

Breaks people into groups based on measurable statistics such as age or gender

Answer 10

Demographic segmentation

Question 11

Any individual other than the taxpayer or spouse who a taxpayer may receive a dependency exemption for

Answer 11

Dependent

Question 12

Add money into an account

Answer 12

Deposit

Question 13

A severe downturn in the economy that is especially prolonged

Answer 13

Depression

Question 14

The electronic transfer of a payment directly from the account of the employer to that of the employee

Answer 14

Direct Deposit

Question 15

A type of insurance providing income protection to a beneficiary should the individual become unable to work due to illness or injury

Answer 15

Disability Insurance

Question 16

Denial of opportunities to individuals on the basis of some characteristic

Answer 16

Discrimination

Question 17

The act of consciously or unconsciously altering a fact or message

Answer 17

Distortion

Question 18

Interferences with the message on both ends. These could be ringing phones, poor grammar and spelling, interruptions, etc.

Answer 18

Distraction

Question 19

The action or process of physically moving and storing goods to reach end customers

Answer 19

Distribution

Question 20

Amount of money being paid for the automobile at time of purchase

Answer 20

Down Payment

Question 21

Goods that last for a relatively long period of time and are not for immediate consumption

Answer 21

Durable goods

Question 22

messages sent using an electronic means from an author to one or more recipients

Answer 22

Email

Question 23

A valued good or service in the economy

Answer 23

Economic goods

Question 24

A sustained increase in the number of goods and services produced in an economy

Answer 24

Economic growth

Question 25

Enticing behaviors to act on certain wants

Answer 25

Economic incentives

Question 26

Labor provided in the economy

Answer 26

Economic services

Question 27

The study of supply and demand, production and distribution

Answer 27

Economics

Question 28

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

Answer 28

Economics of scale

Question 29

Producing and purchasing good and services

Answer 29

Economy

Question 30

The act or process of educating or being educated. The knowledge or skill obtained or developed by a learning process

Answer 30

Education

Question 31

Enable individuals to prepare for future success in the workplace

Answer 31

Education goals

Question 32

Facial expressions created

Answer 32

Emoticons

Question 33

How-to guide for conduct and responsibilities

Answer 33

Employee manual

Question 34

Activity that introduces employees to the organization

Answer 34

Employee Orientation

Question 35

Protocols workers of organizations should follow

Answer 35

Employee Procedures

Question 36

An individual’s entitlements within an organization

Answer 36

Employee rights

Question 37

Customers that are able to get more information and make better decisions about purchases and service

Answer 37

Empowered Consumer

Question 38

To engage a person or audience by providing amusing or interesting material

Answer 38

Entertain

Question 39

Owning a business or organization that you created/ built

Answer 39

Entrepreneurship

Question 40

Protecting the environment from damage

Answer 40

Environmental Protection

Question 41

The science of designing environments and products to match the individuals who use them

Answer 41

Ergonomics

Question 42

When an individual or group is committed to a course of action despite negative outcomes that indicate altering course would be the best decision

Answer 42

Escalation of Commitment

Question 43

Behavioral conduct that displays professionalism and moral righteousness

Answer 43

Ethical behavior

Question 44

The phase of the business cycle when the economy grows and there is an increase in the number of goods and services available

Answer 44

Expansion

Question 45

A fiscal policy used to encourage economic growth, often through increase spending or tax cuts

Answer 45

Expansionary policy

Question 46

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

Answer 46

Expenses

Question 47

A look on somebody’s face, conveying a thought or feeling

Answer 47

Expression

Question 48

An applicant who does not already work within the organization

Answer 48

External candidate

Question 49

Market outside of the company

Answer 49

External markets

Question 50

Land, Labor, Production, entrepreneurship. Items used to create goods and services

Answer 50

Factors of production

Question 51

Facsimile machine: document sent over a telephone line

Answer 51

Fax

Question 52

Government insurance protection for deposits

Answer 52

FDIC

Question 53

A receiver’s response to a sender’s message

Answer 53

Feedback

Question 54

First in Last Out, what came in first will be the last to leave

Answer 54

First in Last Out, what came in first will be the last to leave

Question 55

Opportunities to purchase or sell

Answer 55

Finance options

Question 56

Objectives related to financial planning that are tied to specific goals

Answer 56

Financial goals

Question 57

Illustrates the trade-offs between risk and return for a number of saving and investing tools

Answer 57

Financial Risk Pyramid

Question 58

Private and public markets, item of value that is interchangeable that can improve an organization’s bottom line

Answer 58

Financial security

Question 59

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

Answer 59

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

Question 60

Introduction of a relationship (customer/ business) (business/ investor) (applicant/ employer)

Answer 60

First impression

Question 61

The use of federal government’s power to tax and spend to regulate the economic activity

Answer 61

Fiscal Policy

Question 62

A cost that remains unchanged such as; rent, salaries, insurance

Answer 62

Fixed costs

Question 63

An electronic message containing angry, abusive, threatening, or offensive content

Answer 63

Flame

Question 64

An organizational structure characterized by few or no levels of management

Answer 64

An organizational structure characterized by few or no levels of management

Question 65

Employment Eligibility Verification form. This form is for employers to verify the employee is able to work in the United States

Answer 65

Form I-9

Question 66

Employee’s Withholding Allowance Certificate. This form determines the percentage of gross pay to be withheld for taxes

Answer 66

Form W-4

Question 67

Standardized learning that is formalized through a diploma, certification or degree

Answer 67

Formal education

Question 68

An organization with structured rules and procedures described in writing

Answer 68

Formal organization

Question 69

A set of activities completed by a department within a larger organization, often characterized by specialty (e.g., finance, marketing, and engineering)

Answer 69

Function