Deca Study Flashcards
Judiciary
the part of a country’s government that is responsible for its legal system and which consists of all the judges in the country’s courts of law:
Tort
Also known as an economic tort, a business tort refers to a wrongful action taken against a business intending to cause it harm. These specific types of torts may result in lost profits, negatively affected reputation, loss of competitive advantage, and loss of market share, among other issues.
Intermediaries
Intermediaries are individuals or companies that behave as middlemen between parties for investment deals, business deals, negotiations, insurances, etc. They are commonly known as consultants or brokers and are specialised in a specific area.
Industrial Users
Industrial users means and includes establishments engaged in manufacturing activities involving the mechanical or chemical transformation of materials or substance into products.
Touch Point
A touchpoint is any time a potential customer or customer comes in contact with your brand–before, during, or after they purchase something from you.
Economies of scale
Economies of scale are cost advantages reaped by companies when production becomes efficient. Companies can achieve economies of scale by increasing production and lowering costs.
Balance of payment
The difference between all the money entering and exiting a country over a defined period, such as a quarter or a year
Income statement (sometimes called P&L (profit-and-loss)// earnings statement)
a document that shows a company’s revenue, profits and expenses over a certain period of time
Cultural sensitivity
the willingness to acknowledge cultural differences without making value judgments about these differences. Culturally aware business organizations operate with the understanding that not every employee, vendor, or customer will share the same culture.
Expenditure
action of spending funds / amount of money spent
Facilitator
A facilitator helps a group of people in a business to reach an outcome or decision for which everyone will take responsibility and be fully committed. A facilitator helps by providing a structure to a process enabling cooperative decision-making.
inbound
the method of growing your organization by building meaningful, lasting relationships with consumers, prospects, and customers. It’s about valuing and empowering these people to reach their goals at any stage in their journey with you.
Call Report
The Call report collects basic financial data of commercial banks in the form of a balance sheet, an income statement, and supporting schedules
Feasibility
It is the state or degree of something being easily or conveniently done, in this case, in business. The Cambridge dictionary says it is the possibility that can be made, done, or achieved, or is reasonable.
Assets
a resource that hold value either leased or owned by a company or business that aids to grow or it; can be phsyical such as real estate and vehicles or intangible materials such as patents
Balance sheet
a statement that shows the assets, liabilities and the capital of a business at specific point of time, detailing balance of income and spendings from preceding periods
Current Assets
cash or other assets that are expected to be converted into cash within a year
Checking account / transaction account
an account that allows for the withdrawal or deposit of money at a financial institute like a bank
Equity financing
selling a portion of a company equity’s in return for capital
debt financing
when a business borrows money to be paid back later, with interest
break-even point
the point when a company’s profits are equal to its costs
jury of executive opinions
a way to forecast future trends based off the opinions from a certain set of experts
preventive maintenance
type of maintenance that is not reactive; prevent equipment failure and efforts to reduce the chance of accidents when dealing with equipment; a type of precaution to avoid accidents and helps focus on improiving a business rather than fixing something that is broken
corrective actions
fix an existing problem or nonconformance; to correct and resolve employee performance problems in order to retain the employee as a productive staff member.
termination-at-will
termination by the Company of Employee’s employment by the Company other than (i) Termination for Cause, (ii) Termination by Reason of Disability (iii) Termination by reason of Employee’s Death, and (iv) Voluntary Termination.
open door management
when a manager or higher officla is willing to listen to others’ thoughts and opinions ; indicates to employees that a supervisor or manager is open to an employee’s questions, complaints, suggestions, and challenges.
Termination for cause
employee’s actions in the workplace, interactions with their coworkers, interaction with their manager, or ways in which they treat a customer or vendor are so egregious that they require employment termination—sometimes immediately
termination by reason of disability
firing an employee because of their disability
