Jargon Flashcards
1
Q
AA, BA, MA
A
Levels of higher education: Associates degree, Bachelor’s degree, Masters degree.
2
Q
Economy
A
Producing and purchasing good and services.
3
Q
Accountability
A
Responsibility to someone or for some activity.
4
Q
Defect Prevention
A
Keeping a deficiency, an imperfection from occurring
5
Q
Behavioral segmentation
A
The distribution of people into groups based on their knowledge, attitude, use, or response to a product
6
Q
Goods
A
Tangible items produced, sold, and consumed that have a monetary value
7
Q
Accounts Payable
A
Unpaid dues for goods and services.
8
Q
Tangible
A
Substantially real, capable of being touched, discernible by the touch.
9
Q
Selling
A
providing goods or services in exchange for compensation
10
Q
Accounts Receivable
A
Outstanding debt to a company.
11
Q
Instruct
A
to teach somebody a subject or how to do something.
12
Q
Advertising
A
The development and placement of advertisements in paid locations for commercial products or services in order to draw attention to them.
13
Q
Gross Domestic Product (GDP)
A
The market value of goods and services produced using labor in a home country in a given year.
14
Q
education
A
the act or process of educating or being educated
15
Q
Paper Check
A
A check issued to an employee in payment salary or wages.
16
Q
Insurance
A
An arrangement in which an organization (company/governmental agency) receives payment for a premium in exchange for a guarantee of compensation for identified events.
17
Q
Target market
A
A specific group of consumers for whom a company creates a product or service; a group of people or companies that you are interested in reaching.
18
Q
FDIC
A
Government insurance protection for deposits
19
Q
Distribution
A
The action or process of physically moving and storing goods to reach end customers
20
Q
Recession
A
A prolonged economic contraction
21
Q
Service
A
Intangible items that have monetary value that satisfy needs and wants
22
Q
Feedback
A
A receivers response to a senders message
23
Q
Principal Loan Amount
A
the initial size of a loan upon which interest is calculated
24
Q
Tax Sheltered Investments
A
Reduce, defer, eliminate, or adjust the current year tax liability.
25
Distraction
Interferences with the messages on both ends. These could be ringing phones, poor grammar and spelling, interruptions, etc.
26
Gross Pay
The amount of wages or salary earned by an employee during a pay period before deductions are subtracted.
27
Service-based marketing
marketing the reputation of the business
28
FIFO
First in last out, what came in first will be the last to leave
29
Deflation
Lowering of costs in economic hardship
30
block format
a common way of formatting a business letter
31
Paragraph
A distinctive division between one idea and another.
32
Marketing Mix
Combination of marketing elements used in the sale of a particular product.
33
Recession
A phase of the business cycle characterized by an extreme decrease in the economy
34
Process of Dismissal
The steps to letting go or firing an employee
35
Down Payment
Amount of money being paid for the automobile at time of purchase
36
Finance options
Opprtortunities to purchase or sell
37
Agenda
A list, plan, outline pf things to be done.
38
bonds
a bond is a promise to repay the principal along with interest (coupons) on a specified date (maturity)
39
Group or Committee Interview
Involves a panel of interviewers to see how the applicant interacts.
40
Services
Intangible items you cannont touch or feel
41
Taxes
Required contributions local, state, and federal governments charge citizens that are used to fund public goods and services.
42
Democratic
Free and equal participation in the decision making process of a group or organization
43
Monetary policy
Actions taken by the Federal Reserve to control the money supply, rate of inflation, or both in order to influence the rate of inflation in the economy.
44
Recovery
A phase of the business cycle characterized by an increase in the economy after a significant decrease
45
Allocation
Distribution of resources.
46
Financial goals
objectives related to financial planning that are tied to specific goals
47
Telephone interview
Questions/screening conducted over the telephone.
48
Heading
The sender's return address followed by the date at the top of a business letter.
49
Partnership
An organization that consists of more than one owner.
50
Shareholder
A person who holds value in an organization
51
Durable goods
Goods that last for a relatively long period of time and are not for immediate consumption
52
Time Period
Amount of time the loan will be repaid.
53
Product
a product is any combination of goods and services offered to satisfy the needs and wants of consumers
54
short term goals
Specified as less than one year
55
Liquidity
assets that can be transferred into cash
56
Financial Risk Pyramid
Illustrates the tradeoffs between risk and return for a number of saving and investing tools
57
Parts of a check
Information that is imperative for processing.
58
Health Insurance
A type of insurance that covers some or all of the medical expenses incurred by the insured individual.
59
smart goals
detailed goals to help aid in the path to accomplishment
60
Intangible
Assets which lack physical substance and are not able to be touched.
61
Allowance
A claim for qualifying situations that reduces the amount of taxes an employer withholds from a taxpayer's taxable income.
62
Email
Messages sent using an electronic means from an author to one or more recipients
63
Time Value of Money
A calculation based on the concept of compounding interest that can be used to determine the future value of money based on the amount available today.
64
brand
the identification of a product or company through its name, design, symbol, or other features that distinguishes it from its competitors
65
Money Market account
A type of account that pays higher interest rate than a savings account.
66
Marketing Plan
A detailed written description of all marketing goals and activities; a formal, written document that directs a company's activities for a specific period of time.
67
Annual Growth Rate
The increase of an investment annually (yearly)
68
Timeline
A specified length of time.
69
Democratic Style
Manager shares the decision making with the employees
70
Recruit
The efforts an organization goes through to attract appropriate applicants current or future positions
71
Timesheet
Calculation of labor and wages for a certain time frame.
72
Economic goods
A valued good or service in the economy
73
Annual Percentage Rate (APR)
Measure of the cost of credit on a yearly basis expressed as a percentage.
74
Financial security
private and public markets, item of value that is interchangeable that can improve an organizations bottom line
75
Product Service Managment
A marketing function that accounts for market opportunities by adjusting, maintaining, and improving a product or service mix
76
long-term goals
specified as more than one year
77
Top Management
Manage people and structure of the company.
78
Integrating
Communicate the objectives of the organization to the staff, and motivate the workforce in order to make sure they accomplish their tasks.
79
Hierarchical Chart
A visual representation showing each component of an organization and the relationship between components.
80
Interest
Money the bank pays you leaving it in your saving.
81
Monopolies
Only one market for goods and services (no competition).
82
Total Cost of a Loan
Total of the principal loan amount, interest paid, and other fees.
83
Social security
A trust fund instituted to pay benefits for retirees surviving spouses and dependents run by the government
84
Matrix Chart
A visual representation showing the relationship between two or more variables.
85
Recruitment
The attraction of a particular occupation to a favored pool of candidates or potential candidates
86
Apprentice
A person that works for another in order to learn a trade.
87
Well-being
Overall state of being happy healthy, and prosperous
88
Pay Period
A recurring period of time over which an employee's time is recorded and wages are calculated.
89
Financing
Getting the money that is necessary to pay for the operation of a business and it also involves decisions about weather to offer cre4dit to costumers
90
Economic growth
A sustained increase in the number of goods and services produced in an economy
91
Total Purchasing Cost
Total of the down payment, trade-in value, and total loan amount.
92
Channel of communication
A message that is conveyed. Oral, Written, and Non-verbal are three major channels of communication.
93
Demographic Segmentation
Breaks people into groups based on measurable statistics such as age or gender
94
Internal Candidate
An individual who is applying for a position within an organization.
95
Hierarchy
A ranking of individuals where the higher level means greater authority, importance, and influence.
96
Motivation
An engaging factor to influence effort.
97
First impresions
Inrtroduction of a relationship
98
Withdraw
Take money out of a account
99
Internal Markets
The market within the same company.
100
Socialism
More equal distribution of goods and services, more government control and less private market growth
101
Medical Insurance Premium
The amount deducted from an employee's paycheck for medical benefits.
102
Economic incentives
Enticing behaviors to act on certain wants
103
Collateral assets
Asset that is accepted for a loan.
104
Renters Insurance
Coverage available for individuals renting or subletting property that covers loss of belongings, and occasionally living expenses
105
Total Quality Management
An organization-wide initiative focused on creating a climate that will lead to long-term success by meeting or exceeding customer expectations.
106
Audience
A group of people assembled to watch and listen to a show, concert, movie, or speech.
107
Communicate
To give or exchange information by speech or writing.
108
International Trade
Goods and services being distributed between countries.
109
Homeowners Insurance
Combines property and liability insurance into one policy to protect a home from damage.
110
Fiscal policy
The use of federal governments power to tax and spend to regulate the economy activity
111
Trade-In
Amount of money received for trading in an automobile.
112
Medicare
The nation's health care program for the elderly and disabled.
113
Product based marketing
Targeting customers who have expressed interest in a certain product pricing, promotion, and distribution strategies
114
Economic services
Labor provided in the economy
115
Communication
Exhange of information between people by speaking, writing, or using common system signs or behavior. Sharing of information where the receiver understands the meaning of the message.
116
Economics
The study of supply and demand, production and distribution
117
Sole proprietorship
A business owned by a single person
118
Dependent
Any individual other than the taxpayer or spouse who a taxpayer may receive a dependency exemption for
119
Fixed costs
a cost that remains unchanged such and rent and salaries
120
Interoffice
Communication between offices/departments within the same company.
121
management
the process of accomplishing an organization's goals through effectively using its people and resources; business function of planning, organizing goals; the term of people who make decisions for the business
122
Trade-offs
Switching an aspect to experience gain in another area.
123
Deposit
Add money into an account
124
Communism, mixed
Public ownership with no options of private markets.
125
Unemployment rate
The % of those in the labor force, over the age of 16, actively seeking jobs but unable to find work.
126
Company Analysis
Review of staff, company's financial situation and production capabilities.
127
Audition Interview
Applicant shows skills by performing job duties.
128
margin
setting up the size of the paper on which you will be typing
129
Paycheck
A check issued to an employee in payment of salary or wages.
130
Workman's Compensation
Money owed to an employee after an injury during work hours or on the job
131
Flame
An electronic message contain angry abusive threatening or offensive contact
132
Mutual Funds
A professionally managed investment program that combines funds from many individuals investors and uses it to purchase diversified holdings, such as securities.
133
spam
unsolicited messages often sent to a large number of recipients via email
134
Investing
Allocating money through a financial product or other items of value with an exception of future benefit.
135
Unit Costs
How much it costs to produce the product.
136
Compensation
Amount of money paid to an employee for work performed. (Including salary and wadges).
137
Depression
A severe downturn in the economy that is especially prolonged
138
Competition
Contest of goods and services provided by multiple organizations.
139
Horizontal Management
A horizontal structure provides employees with the tools and skills needed. Cross function (from department to department) communication and creative thinking are encouraged.
140
Job
A work role with specific organization.
141
spending
monetary transactions
142
Unit Sales Pricing
Price at which a product is sold (by unit).
143
Competitive position
Company's strengths and weaknesses compared to competitors.
144
Memo
Memorandum: document sent sent within a company (internal) presented in short form.
145
Production Possibilities Curve
a curve that illustrated production of multiple products with the same building resources
146
National Debt
Money owed at the National level.
147
Compounding Interest
Interest earning interest on interest.
148
Repetitive Strain Injury (RSI)
An injury caused by repeated movements
149
Flat chart
An organization structure characterized by few or no levels of management
150
Conflict Resolution
Resolving an issue between parties.
151
Human Capital
Ideal talent or skills to be possessed for the benefit of an organization.
152
Authority
The power or right to give orders or make decisions over another individual or group.
153
Consumer Price Index
Average price range for a good or services.
154
Variable Costs
Changes in direct proportion to changes in sales volume, such as; raw material, energy, and labor.
155
Direct Deposit
The electronical transfer of a payment directly from the account to the employer to that of the employee
156
Consumer Regulations
Protection of buyers for products and services
157
Need
A necessity or an essential item required for life.
158
Merchant Services
The capacity to accept multiple forms of payment.
159
staffing
All the activities to hire and keep workers
160
Year-to-Date
The period of time from the start of the current calendar or fiscal year to today, often used on paychecks to track withholdings and income
161
Resources
the supply of an asset that has utility and from which a benefit can be produced
162
Economics of scale
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
163
market position
ranking of the companies by sales volume-1,2,3 positions
164
Job Descriptions
Written statements listing the requirements of a particular job and the skills needed to fulfill those requirements often detailing specific duties and responsibilities.
165
Contractionary policy
A fiscal policy used to reduce economic growth, often through decreased spending or higher taxes.
166
Method
A way of doing something.
167
Paycheck Stub
An attachment to the actual check that helps you keep record of what you were paid for and what deductions were taken out.
168
Controlling
The processes of procedures that protect an organization through regulation, especially in regard to financial policies.
169
Zero Defects
No imperfections
170
Productivity
The effectiveness of effort as measured in economic terms by the rate of output per unit of input
171
Retirement Plan
A financial planning mechanism allowing individuals to save for retirement, a variety of types of plans exists with different limits and benefits
172
Credit Score
A number that represents how well or bad you manage your credit.
173
Human Resources
A necessary department in all organizations that assist in training, hiring, and defending employees.
174
Consumer Analysis
Who are the customers and what are their buying habits.
175
Form I-9
Employment eligibility verification form. This form determines the percentage of gross pay to be able to work in the united states
176
Vertical Management
Power comes from the top, work can become very fragmented and communication is lost.
177
Negotiated Price
Price being paid for the automobile agreed upon the seller and buyer.
178
Autocratic
A rule who holds ultimate power or someone who dominates others.
179
Implementing
To practice or include
180
Database Management system
A program such as Access includes both the database information and the tools to use it.
181
Autocratic Style
Gives orders to employees.
182
Disability Insurance
A type of insurance providing income protection to a beneficiary should the individual become unable to work due to illness or injury
183
market regulations
control of the market through the government
184
Vertical Organization
A structure defining the chain of command in which managers direct and control the tasks and responsibilities of their subordinates.
185
Decision-making process
Brainstorming of ideas.
186
stakeholder
part owner of an organization who has a controlling factor in decisions for the company
187
Deductible
An established amount of money paid by a policyholder before an insurance provider will pay expenses.
188
Metrics
Measurable forms to analyze the success or failure of an organization.
189
Laissez-Faire Style
refusal to interfere in other people's affairs, or the practice of letting people do as they wish; let it be or hands-off (the terms id French for let it be or hands-off)
190
Deductions
Takeaways from mandatory contributions.
191
Form W-2
Employee's withholding allowance certificates. This form determines there percentage of gross pay to be withheld for taxes
192
Implied Warrant
A warranty imposed by law but not stated orally or in writing and requires certain standards to be met.
193
Standered of living
A level of wealth comforts or services available to a society or region
194
Want
Unnecessary but desired items which increase the quality of living.
195
Defect Detection
Sighting of a failing or deficiency, an imperfection.
196
Discrimination
Denial of opportunities to individual on the basis of some characteristics
197
Middle Management
Implements decisions of top management.
198
Net Income
Profit earned or loss incurred by a business, determined by subtracting expenses from revenues; also called the bottom line.
199
Professional association
Organizations which provide services such as professional development and research to members,usually individuals engaged in a specific field
200
Improvement Plan
A goal to improve a specific agenda
201
Improvement Plan
A goal to improve a specific agenda
202
Formal education
Standard learning that is formalized through a diploma certificate or degree
203
Automobile Insurance
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.
204
Milestone
An impactful moment in a business.
205
Automobile Loan
Borrowed money to purchase an automobile.
206
Lateral
Organizational arrangements include individuals of different departments and groups, on the same organizational level and involve coordination and consultation.
207
Return
The money gained through investment or profit
208
Distortion
The act of consciously altering a fact or message
209
Payroll card
Bankcard that accesses an employee's salary or wages through withdrawals at automated teller machines.
210
Balance Sheet
A statement that displays the assets and liabilities of a company at a given date.
211
Leadership
Pursuing expectations through positive engagement and initiative.
212
Net Pay
The total amount of money earned after all deductions are withheld.
213
Professional development
The advancement of skills or expertise to succeed in a particular profession, esp. through continued education
214
Professional Login name
a professional name suitable for a business environment which will generally include your first name or initials with your last name: should not refer to sports,hobbies,physical attributes, or personal preferences
215
Formal organization
an organization with structured rules and procedures described in writing
216
Income
The amount of money or its equivalent received during a period of time in exchange for labor or services, from the sale of goods or property, or as profit from financial investments.
217
Backspace
A keyboard key used to delete characters when typing.
218
Leading
Influencing people to accomplish the goals of a business.
219
market research
gathering' analyzing' and reporting customer information; the study of consumers' needs and wants and the way the seller can best meet them
220
Netiquette
Using acceptable communication when utilizing digital tools, such as the internet.
221
Function
A set of activities completed by a department within a larger organization often characterized by speciates
222
Lender
A financial institution that lends money.
223
Revenue
Amount earned from sales of goods or services and inflow from miscellaneous sources such as interest, rent, and royalties; income earned for the period, such as from the sales of goods and services
224
Banking services
Industries providing the securing or borrowing money.
225
GANTT
Production projection graph
226
Liabilities
Debts that a business owes.
227
Income Statement
A document reporting a company's revenue and expenses for a particular period of time; also known as a profit or Loss Statement.
228
Stocks
Shares of ownership interest in a company that entitles the holder to a dividend; the shares are sold to raise capital for a corporation
229
Geographics segmentation
Breaks people into groups based on location
230
Risk
The possibility of financial loss or something unpleasant or unwelcome regarding the outcome of a situation or event
231
Nondurable goods
Consumer goods that are consumed or used up over a short period of time and must be purchased again.
232
Gesture
The use for body movement to convey a message
233
stress
pressures experienced mentally and emotionally
234
Inflation
A general increase in prices across an economy; rise in the cost of goods and services over time.
235
Life Insurance
A contract between an insurer and policyholder specifying a sum to be paid to a beneficiary upon the insured's death.
236
Globalization
Conducting the use of body movements to communicate
237
Inform
To communicate information or knowledge to somebody
238
market segmentation
separating a target market and/or prospective buyers with common characteristics into smaller groups based on certain parameters
239
Risk Management
The process of dealing with the chance of potential personal or financial loss; the process of analyzing exposure to risk and determining how to best handle such exposure
240
Inform Education
Self-taught in a non-structured setting
241
Barriers To Communication
Issues that arise in communication between individuals or groups which prevent the receipt or comprehension of the message intended to be conveyed.
242
stress intreview
Applicant put under pressure through rapid succession of questions hostility or argument to see how applicant reacts
243
Line Organization
Simple organizational structure in which each person reports to one supervisor.
244
Goal
The end result of a person or buisness intend to achieve do reach or accomplish sometime in the future
245
Occupation
A job, vocation, or person's principal work as a means of earning a living.
246
Inform Organization
The social structure within an organization
247
Risk Management Plan
A document used to prepare an organization for potential future risk in order to estimate the impact and identify possible responses
248
profit
the money a business has earned after the cos and expenses of operations are subtracted: the money earned from conducting business after all costs and expenses have been paid
249
Subject line
Is not just the tile of the email messages but the required item to grab attention as well as show your creditability to the recipient
250
Blind Carbon Copy (BCC)
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 a Blind Courtesy Copy.
251
Risk Propensity
Extent to which a decision-maker is willing to speculate when making a decision
252
Offers Loans to Consumers
Could include auto dealers, commercial banks, savings, and loans, or credit unions.
253
profit or Loss
the difference between total revenue and total expenses
254
market share
the portion of the total market potential that each company expects in relation to its competitors; the percentage of the total sales volume generated by all companies that compete in a given market
255
marketing information management
information obtained through
256
"Rule of 72"
Allows a person to easily calculate when the future values of an investment will double the principle (original) amount
257
On the Job Training- OJT
on-the-job training. Training in which employee immediately begins tasks and learns while doing.
258
promotion
the act of publicizing a product or service to potential customers in order to inform,persuade, or remind them to make a purchase.
259
Sales Volume
The quantity or number of goods sold or services sold in the normal operations of a company in a specified period
260
prosperity
economic well-being being thanks to opportunities for growth and expansion in the economy
261
Supervisory management
Supervise employees who actually carry out the tasks determined by middle and top management ; the act of managing employees in a business
262
Savings
A portion of income that is not spent to purchase necessary or wanted items
263
Opportunity Costs
The decision of choosing one option at the risk of losing potential advancements from other options.
264
supply and demand
Economics ,the output for a product and the request for that product
265
Savings Account
An account with a financial institution
266
Psychographic segmentation
Dividing groups of a market based on phycological characteristics including consumption habits,lifestyles,or preferences
267
Scarcity
the idea that only a finite amount of resources are avaliable in supply
268
Supply chain management
coordinating the flow of goods and services from raw materials through production to distribution
269
Purchasing power
The ability to purchase goods and services
270
Peak
The height point within the business cycle characterized by the end of economic expansion and the beginning of contraction.
271
SWOT Analysis
A study used by an organization to analyze its strengths and weaknesses as well as opportunites and threats
272
Purpose
The goal or intended outcome of something
273
Organizational chart
Tells employees to whom they report and to whom they can turn with problems or questions; a diagram that shows the structure of an organization and the relationships and relative ranks of its parts and positions/jobs.
274
Tab
A way to move your cursor over without using the space bar automatic indent of 5 spaces
275
Rate of Return
The net gain or loss of an investment as expressed as a percentage for a specific period of time
276
Organizational Consolidation
Working closely across organizations along a supply chain to be more efficient.
277
Real Estate
Real estate is land.Most of the time, The ownership of land includes ownership of the buildings and resources located on that land
278
Persuade
To succeed in convincing somebody to do something, especially by reasoning, pleading, or coaxing
279
Organizational Culture
Behavioral practices within a specific organization (varies from company to company).
280
Place
Having the right product, in the right location, at the right time to be purchased by consumers.
281
Organizing
Dividing the tasks to be done into divisions and departments in order to accomplish tasks in the most efficient way.
282
Planning
Setting goals and developing methods to meet those goals
283
Policyholder
A document outlining the terms and conditions between an individual and an insurer specifying the conditions of the insurance contract.
284
Post
A message sent to an email list.
285
Posture
the way in which somebody holds his or her body, especially when standing.
286
Premium
The amount you pay for an insurance policy.
287
Price
The amount of money that consumers are willing to pay for a product or service.
288
Price Floors
A limit on how low a price can be charged for a product or service.
289
Price Ceiling
Prevents the price from rising too high.
290
Price Index
A normalized average that shows how prices of a class of goods or services in an specific area changes over time.
291
Pricing
How much to charge for good and services in order to maximize profits
292
Principle
The amount of money you deposit in your account to begin saving.
