Business Unit Test Flashcards
The action of leading a group of people or an organization
Leadership
When leaders act with integrity, they are honest, ethical and consistent in decisions.
Leadership Integreity
defines what a company does, its objectives and how it plans to achieve them.
Mission Statement
What a company wants to acheive in the future.
Vision Statement
the collection of beleifs, values, norms, and practices that shape how members of an organization interact with eachother and external shareholders.
Organizational Culture
Measuring business operations in data.
Quantitative Measurement
Measuring business in non numerical data.
Qualitative measurment
a group of individuals brought together to work on a specific project with defined objectives and a set timeline.
Project teams
Team that consists of members from different departments or functional areas within an organization.
Cross Functioinal Teams
group of individuals who work from different geographical locations.
Virtual teams
presence of differences between a given setting
Diversity
fair opportunities and advancments for all individuals..
Equity
creaing environments where any individual feels welcome respected and supported and valued
INclusion
the deatailed coordination of a complex operation involving many people facilities or supples
logistics
The process of recording, summarizing and analyzing financial transactions to hellp people undestand their financial health.
Accounting
What a company own that has value
Assets
What a company owes that is of value.
Liabilities
The value of something that is owned by the title holder once all debt has been payed off.
Equity
a statment that summarizes all of the companies, assets, liabilities and equity.
Balance sheet
a statment that shows how changes in the balance sheet and income statement accounts affect how much cash is available for opperating investing and finnancing activities.
Cash flow Statement
How much money a company earns and spends during a particular period
Income Statement
