Lily Taylor

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Business Chapter 2: Being Ethical and Socially Responsible

Ethics the study of right and wrong and of the morality of the choices individuals make Business Ethics the application of moral standards to business situations Ethical Issues Ethical issues often arise out of a business’s relationship with investors, customers, employees, creditors, or competitors – normally exerts pressure on the organization’s managers – investors want […]

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Business Chapter 2

Ethics beliefs about what is right and wrong or good or bad in actions that affect others Ethical Behavior behavior conforming to generally accepted social norm about what is right and good Unethical Behavior behavior that does not conform to generally accepted social norms (what is defined as wrong and bad) Business Ethics ethical or […]

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Business Chapter 16

financial managment all of the activities concerned with obtaining money and using it effectively chief financial officer (CFO) a high level corporate executive who manages a firm’s finances and reports directly to the company’s chief executive officer or president, must be honest short term financing money that will be used for one year or less; […]

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Business Chapter 15

Accounting The process of measuring, interpreting and communicating financial information to enable people inside and outside the firm to make informed decisions Open Book Management Sharing sensitive financial information for employees and teaching them how to understand and use financial statements Financing activities Provide necessary funds to start a business and expand it after it […]

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Business Chapter 10 Part 1

What is another name given to human resource managers? personnel managers Which of the following outlines the duties of a job, its working conditions, and the tools, materials, and equipment used to perform it? job description Which of the following describes the skills, abilities, and qualifications required for a job? job specification Which of the […]

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Business Chapter 10

communication the sharing of information, in which the receiver understands the meaning of the message in the way the sender intended feedback a receivers response to a senders message distraction anything that interferes with the senders creating and delivering a message and the receivers getting and interpreting a message distortion how people consciously or unconsciously […]

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Business Questions/Answers Flashcards

Define Free Enterprise The system of business in which individuals are free todecide what to produce, how to produce it, and what price to sell it. What does Joe Dudley sell and who is he? He is one of the worlds most respected black business owners. He sells hair care snd cosmetic products What two […]

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Business Ch 6 Entrepreneurship and starting a small business

Entrepreneurship Accepting the risk of starting and running a business Why people take the Entrepreneurial challenge Opportunity, Profit, Independence, and challenge What does it take to be an Entrepreneur Self-directed, self-nurturing, action-oriented, highly energetic, tolerant of uncertainty Opportunity To share in the American dream is one reason people take the Entrepreneurial challenge Profit What you […]

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Business Ch. 5-9

Small businesses cannot be operated from an individual’s home. False A key element of business success is a business plan. True A number of very successful high technology businesses began as small entrepreneurial ventures. True Any business that is independently owned and operated can be classified as a small business. False Franchisees pay the franchiser […]

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Business Ch 5

Business plan A carefully constructed guide for the person starting a business SCORE A group of retired and active business people who volunteer their services to small business through SBA SBA A government agency that assists, counsels, and protects the interests of a small business in the United States Venture capital Money that is invited […]

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Business Associations – Agency Law

Elements to be an agent Assent, Benefit, Control Frawley v. Nickolich bond case w/ business cards Actual Authority agent believes the principal wants them to act in a certain way Apparent Authority what a third party believes the agent is authorized to do Apparent Authority Test principal created the appearance of authority evidence that would […]

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Business and Society Test Questions

Which of the following statements is(are) correct about stakeholders power? All of the above Which of the following examples best illustrate the boundary exchanges a company would encounter according to the general systems theory? All of the above What stakeholder group can exercise legal power? All of the above A stakeholder analysis Involves understanding the […]

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Business and Society / Influencing The Political Environment

Ad hoc Coalitions Bring diverse groups together to organize for or against particular legislation or regulation. A pluralistic system invites many participants Why business should be involved in politics Why Should business should be involved in politics- one reason Economic stakes are high for firms Why business should be involved in politics Business counterbalances other […]

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Business and Society Chapter 8

David is willing to put in his time at work, but he exhibits no passion or no energy for what he does. Not engaged Lucy is passionate and enthusiastic about her work. She is eager to go the extra mile. Actively engaged Don is sometime willing to go the “extra mile,” but generally comes to […]

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Business and Society | Chapter 7 NOTES

Understand what an organization is and identify its characteristics. An organization is group of two or more people working together to achieve a common set of goals. the relationships among positions within an organization can be illustrated by means of an organization chart. Five element-job design, departmentalization, delegation, span of management, and chain command-help to […]

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Business and society 15

A prime social responsibility of business is to safeguard customers While continuing to supply them with goods and services they want. Consumers have become more dependent on businesses for product quality because The complexity of products makes choices complicated for customers Which organization brings together 300 nonprofit groups to espouse the customer viewpoint Consumer Federation […]

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Business and Professional Speech – Final Exam

Brainstorming a method of generating ideas for speech topics by free association of words and ideas Audience Analysis The understanding of the consumer group for which the design is targeted. This would include the audiences, demographics, physical location, amount of time available to view the design, and interest in the subject matter. Informative Speaking publicly […]

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Business and professional communication: Chapter 5

personality trait any distinguishable, relatively enduring way in which one individual differs from another communication trait a label used to describe a person’s communication behaviors willingness to communicate (WTC) an individual’s natural tendency to initiate communication with others communication apprehension (CA) fear or anxiety associated with ongoing or anticipated communication with another person or persons […]

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Business and labor practice

When is a buyer NOT willing to spend a lot of money and energy researching the market When the savings are to be made small What kind of market runs most efficiently when one large firm supplies all of the output A natural monopoly What is one kind of monopoly that the US government generally […]

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Business and Labor

Sole Proprietorship A business owned and managed by a single individual Which of the following is not a disadvantage of sole proprietorship Legal Constraints Business organization An establishment formed to carry commercial enterprise. The most prominent form of a business organization is a partnership? False What is a fringe benefit? A payment other than wages […]

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Business Analytics Unit 1

An early decision support framework divides decision situations into… nine categories, depending on the degree of structuredness and managerial activities. Each category is supported differently. Decision support systems can be referred to… DSS Structured repetitive decisions are supported by … standard quantitative analysis methods, such as MS, MIS, and rule-based automated decision support. MS stands […]

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Business Analyst Training Flashcards

Definition of business analysis? The set of tasks and techniques used to work as a liaison among stakeholders in order to understand the structure, policies and operations of an organization, and to recommend end solutions that enable the organization to achieve its goals. What is the definition of a business analyst? A person who performs […]

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