Term
|
Definition
| the obligation to accept responsibility for the outcomes of assigned tasks |
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Term
|
Definition
| assets=liabilities+capital |
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Term
|
Definition
| financial records of the transactions of the business |
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Term
|
Definition
| money owed for credit purchases |
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Term
|
Definition
| a record showing money owed and payments made by the business |
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Term
|
Definition
| the amount owed by customers |
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Term
| accounts receivable record |
|
Definition
| a record showing what each customer owes and pays |
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Term
|
Definition
| take personal reponsibility for work; set personal goals; want immediate feedback on work |
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Term
|
Definition
| persons who calculate insurance rates |
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Term
|
Definition
| a channel in which one organization takes a leadership position to benefit all channel members |
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Term
|
Definition
| all forms of paid promotion that deliver a message to many people at the same time |
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Term
|
Definition
| a plan of the amount of money a firm should spend for advertising based on estimated sales |
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Term
|
Definition
| the methods of delivering the promotional message to the intended audience |
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Term
|
Definition
| concerned about relationships with others; work to get along well and fit in with a group |
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Term
|
Definition
| studies of existing product problems or design improvements for current products |
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Term
|
Definition
| the value of property determined by tax officials |
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Term
|
Definition
| original cost less accumulated depreciation of an asset |
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Term
|
Definition
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Term
|
Definition
| the right to make decisions about work assignments and to require other employees to perform assigned tasks |
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Term
|
Definition
| one who gives direct, clear, and precise orders with detailed instructions as to what, when, and how work is to be done |
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Term
|
Definition
| an accounting statement containing the current account and the capital account |
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Term
|
Definition
| a financial statement that lists the assets, liabilities, and capital of a business |
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Term
|
Definition
| interest deducted in advance from a loan |
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Term
|
Definition
| a legal process that allows selling assets to pay off debts |
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Term
|
Definition
| the physical product in its simplest form |
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Term
|
Definition
| persons who receive a life insurance payment on the death of an insured person |
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Term
|
Definition
| ruling body of a corporation |
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Term
|
Definition
| a long-term written promise to pay a definite sum of money at a specified time |
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Term
|
Definition
| provides payment of damages to people who have losses resulting from the negligence or dishonesty of an employee or from the failure of the business to complete a contract |
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Term
|
Definition
| money paid at the end of a specific period of time for performance that exceeds the expected standard |
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Term
|
Definition
| the value of a share of stock that is found by dividing the net worth (assets minus liabilities) of the corporation by the total number of shares outstanding |
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Term
|
Definition
| a name, symbol, word, or design that identifies a product, service, or company |
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Term
| bricks-and-mortar businesses |
|
Definition
| businesses that complete most of their business activites at a physical location rather than through the internet |
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Term
|
Definition
| a financial plan extending usually for one year |
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Term
|
Definition
| codes that regulate physical features of structures |
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Term
|
Definition
| a pattern of irregular but repeated expansion and contraction of the GDP |
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Term
|
Definition
| 1. a written description of the business and its operations with an analysis of the opportunites and risks it faces. 2. a written guide that helps the entrepreneur during the design and start-up phases of the business |
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Term
|
Definition
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Term
|
Definition
| a benefit program in which employees can select the benefits that meet their personal needs |
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Term
|
Definition
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Term
|
Definition
| an account that records investment funds coming into and going out of a country |
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Term
|
Definition
| a financial plan for replacing fixed assets or acquiring new ones |
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Term
|
Definition
| the production of capital goods |
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Term
|
Definition
buildings, tools, machines, and
other equipment that are used to produce other goods but do not directly satisfy human wants |
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Term
|
Definition
| the general term applied to the shares of ownership of a corporation |
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Term
|
Definition
| facilities where career development activites are managed |
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Term
|
Definition
| a progression of related jobs with increasing skill requirements and responsibility |
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Term
|
Definition
| identifes the jobs that are a part of the employee's career path, the training and development needed to advance along the career path, and a tentative schedule for the plan's activities |
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Term
|
Definition
| an estimate of cash received and paid out |
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|
Term
| career development program |
|
Definition
| provides a long term focus on a company's employment needs combined with support for employees so they can prepare for future jobs in the company |
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Term
|
Definition
| given if payment is received by a certain date |
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Term
|
Definition
| the movement of cash into and out of a business |
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Term
|
Definition
| requires that a company stop using specific advertisements |
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Term
|
Definition
| all major planning and decision making is done by a group of top managers |
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|
Term
| certificate of deposit (CD) |
|
Definition
| a savings account that requires an investor to deposit a specified sum for a fixed period at a fixed interest rate |
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Term
|
Definition
| when one business owns the organization at other levels of the channel |
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Term
|
Definition
| businesses that participate in activities transferring goods and services from the producer to the user |
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Term
|
Definition
| the means by which a message is conveyed |
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Term
|
Definition
| the routes products and services follow, including the activities and participating organizations, while moving from the producer to the consumer |
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Term
|
Definition
| an indication of one's moral obligation to pay debts |
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Term
|
Definition
| an offical document granted by a state giving power to run a corporation |
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|
Term
| chief information officer |
|
Definition
| the top computer executive |
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Term
|
Definition
| a corporation that does not offer its shares of stock for public sale |
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Term
|
Definition
| regular observation of an employee by a supervisor or experienced employee with follow-up discussions on ways to improve performance |
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|
Term
|
Definition
| a formal, published collection of values and rules used to guide the behavior of an organization toward its various stakeholders |
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Term
|
Definition
| property a borrower pledges to assure repayment of a loan |
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Term
|
Definition
| a pay plan that provides each employee a small wage or salary and adds incentive pay based on the person's performance |
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Term
|
Definition
| an economic system in which the method for determining what, how, and for whom goods and services are produced is decided by a central planning authority |
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Term
|
Definition
| a financial institution that provides many services, such as handling time and demand deposits and commercial and consumer loans |
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Term
|
Definition
| firms engaged in marketing, in finance, and in furnishing services |
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Term
|
Definition
| a loan made to a business |
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|
Term
|
Definition
| a compensation plan in which employees are paid a percentage of the volume of business for which they are responsible |
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|
Term
|
Definition
| ownership that gives holders the right to participate in managing the business by having voting privileges and by sharing in the profits (dividends) if there are any |
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|
Term
|
Definition
| a structure through which information flows in a business |
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|
Term
|
Definition
| paying workers equally for jobs with similar but not identical job requirements |
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|
Term
| comparative advantage theory |
|
Definition
| to gain a trader advantage, a country should specialize in products or services that it can provide more efficiently than other countries |
|
|
Term
| computer integrated manufacturing |
|
Definition
| all of the manufacturing systems in a business are designed and managed using computers |
|
|
Term
|
Definition
| an expert who is called upon to study a special problem and offer solutions |
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|
Term
| consumer goods and services |
|
Definition
| goods and services that satisfy people's wants directly |
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|
Term
|
Definition
| a loan made to an individual |
|
|
Term
|
Definition
| a group of people who offer opinions about a product or service |
|
|
Term
| consumer price index (CPI) |
|
Definition
| a measure of the average change in prices of consumer goods and services typically purchased by people living in urban areas |
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Term
|
Definition
| products are packed in large shipping containers at the factory and then shipped using a number of transportation methods before being unpacked |
|
|
Term
|
Definition
| a process by which raw materials move through special equipment that changes their form to make them more usable for consumption or further manufacturing |
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Term
|
Definition
| evaluating results to determine if the company's objectives have been accomplished as planned |
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Term
|
Definition
| inexpensive items that consumers purchase regularly without a great deal of thought |
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Term
|
Definition
| bonds that allow bondholders to exhange bonds for a prescibed number of shares of common stock |
|
|
Term
|
Definition
| a business owned and operated by its user members for the purpose of supplying themselves with goods and services |
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|
Term
|
Definition
| a business owned by a group of people and authorized by the state in which it is located to act as though it were a single person |
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Term
|
Definition
| new advertising designed to change the false impression left by misleading information |
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Term
|
Definition
| the cost to produce the product or buy it for resale |
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Term
|
Definition
| those to whom money is owed |
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|
Term
|
Definition
| a measure of a person's ability and willingness to repay a loan |
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|
Term
|
Definition
| employees are trained to perform more than one job in the company even though they typically perform only one |
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Term
|
Definition
| an account that records the value of goods and services exported and those imported from foreigners, as well as other income and payments |
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|
Term
|
Definition
| the process used to design and build a unique product to meet the purchaser's specific needs |
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|
Term
|
Definition
| businesses that direct company activities at satisfying customers |
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|
Term
| customer service standards |
|
Definition
| measures against which a company judges its performance in meeting customer expectations |
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|
Term
|
Definition
| a business that processes data for other businesses for a fee |
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|
Term
|
Definition
| bonds that are not secured by assets but based upon the faith and credit of the corporation that issues them |
|
|
Term
| debt capital (creditor capital) |
|
Definition
| capital loaned to a business by others |
|
|
Term
| decentralized organization |
|
Definition
| a business is divided into smaller operating units and managers are given almost total responsibility and authority for the operation of those units |
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Term
|
Definition
| a system that helps managers consider alternatives in making specific decisions |
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|
Term
|
Definition
| occurs when a product is introduced that is much better or easier to use and customers begin to switch from the old product to the new product |
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|
Term
|
Definition
| an arrangement that permits the insured to bear part of the loss in return for a lower premium |
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|
Term
|
Definition
| refers to the number of similar products that will be bought at a given time at a given price |
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|
Term
|
Definition
| money put into a financial institution by depositors and which can be withdrawn at any time without penalty |
|
|
Term
|
Definition
| one who encourages workers to share in making decisions about work-related problems |
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|
Term
|
Definition
| decrease in the value of an asset due to wear and age |
|
|
Term
|
Definition
| allows businesses to electrocically transfer employees' paychecks directly from the employer's bank account to employees' bank accounts |
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|
Term
|
Definition
| when producers sell directly to the ultimate consumer |
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|
Term
|
Definition
| the release of an employee from the company due to inappropriate work behaviors |
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|
Term
|
Definition
| refers to how people consciously or unconsciously change messages |
|
|
Term
|
Definition
| anything that interferes with the sender creating and delivering a message and the receiver's getting and interpreting a message |
|
|
Term
|
Definition
| the set of activites required to transport and store products, and make them available to customers |
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|
Term
|
Definition
| a large building designed to accumulate and redistribute products efficiently |
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|
Term
|
Definition
| profits distributed to the stockholders on a per share basis |
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|
Term
|
Definition
| a company that does almost all of its business activites through the internet |
|
|
Term
|
Definition
| cutting back on the goods and services provided and thereby shrinking the size of a firm and the number of empolyees |
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|
Term
|
Definition
| refers to the practice of selling goods in a foreign market at a price that is below cost or below what it charges in its home country |
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|
Term
|
Definition
|
|
Term
|
Definition
| differences between the offerings of a business and the requirements of a consumer |
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|
Term
|
Definition
| an organized way for a country to decide how to use its productive resources; that is, to decide what, how, and for whom goods and services will be produced |
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|
Term
|
Definition
| occurs when a country's output exceeds its population growth |
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|
Term
|
Definition
| the desire for scarce material goods and services |
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|
Term
|
Definition
| occurs when an organization makes the right decisions in deciding what products or services to offer customers or other users |
|
|
Term
|
Definition
| occurs when an organization produces needed goods or services quickly at low cost |
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|
Term
| electronic funds transfer |
|
Definition
| transfering money by computer rather than by check |
|
|
Term
| employee assisstance programs |
|
Definition
| provide confidential personal problem-solving, counseling, and support services for employees |
|
|
Term
|
Definition
| all forms of compensation and services the company provides to employees in addition to salaries and wages |
|
|
Term
|
Definition
| a benefit plan that gives company stock as bonuses or allows employees to purchase the stock at a discount |
|
|
Term
|
Definition
| the rate at which perople enter and leave employment in a business |
|
|
Term
|
Definition
| the extent to which people enter and leave employment in a business during a year |
|
|
Term
|
Definition
| 1. letting workers decide how to perform their work tasks and offer ideas on how to peform their work process; 2. the authority given to individual employees to solve problems on the job with available resources |
|
|
Term
|
Definition
| a product that offers different features and options for the consumer |
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|
Term
|
Definition
| a person who starts, manages, and owns a business |
|
|
Term
| equity capital (owner capital) |
|
Definition
| money invested in the business by its owner or owners |
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|
Term
|
Definition
| the science of adapting equipment to the work and health needs of people |
|
|
Term
|
Definition
| the value of one currency to another |
|
|
Term
|
Definition
| a sales tax that applies only the selected goods and services, such as gasoline |
|
|
Term
|
Definition
| a top-level manager who spends almost all of his or her time on management functions |
|
|
Term
| executive information system |
|
Definition
| combines and summarizes ongoing transactions within the company to provide top-level executives with information needed to make decisions about company goals and direction |
|
|
Term
|
Definition
| a formal interview with an employee who is leaving a company to determine the person's attitudes and feelings about the company's policies and procedures, management, and operations |
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|
Term
|
Definition
| given to people who are considered the most knowledgeable |
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|
Term
|
Definition
| additional insurance protection beyond the major peril |
|
|
Term
|
Definition
| a product that includes additional features that are not part of the physical product but increase its usability |
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|
Term
|
Definition
| a private network that companies use to share certain information with selected people outside the organization |
|
|
Term
|
Definition
| a company-sponsored retirement plan in which employees may choose to have a percentage of their pay contributed to one of several alternative investment plans selected by the employer |
|
|
Term
|
Definition
| a firm that specializes in lending money to businesses based on the business's accounts receivable |
|
|
Term
|
Definition
| land, labor, capital goods, and management--the four basic resources that are combined to create useful goods and services |
|
|
Term
|
Definition
| advertising that is misleading in a material respect or in any way that could influence the customer's purchase or use of the product |
|
|
Term
|
Definition
| reports that summarize financial data over a period of time |
|
|
Term
|
Definition
| providing money that is needed to perform various marketing activities, such as obtaining credit when buying and extending credit when selling |
|
|
Term
|
Definition
| material assets that will last a long time |
|
|
Term
|
Definition
| an electronic message that contains abusive, threatening, or offensive content that may violate company policy or public law |
|
|
Term
|
Definition
| one with fewer levels of management than traditional structures |
|
|
Term
|
Definition
| a plan that lets employees choose their own work hours within specified limits |
|
|
Term
| formal communication network |
|
Definition
| composed of different levels of management with information flowing upward, downward, and across an organization in a prescribed manner |
|
|
Term
|
Definition
| a legal agreement between a company and a distributor to sell a product or service under special conditions |
|
|
Term
|
Definition
| the parent company of a franchise agreement that provides the product or service |
|
|
Term
|
Definition
| providing all information necessary for comsumers to make an informed decision |
|
|
Term
|
Definition
| workers from the post baby boom generation |
|
|
Term
|
Definition
| an invisible barrier to job advancement |
|
|
Term
|
Definition
| the ability of profit-making organizations to compete with other businesses in other countries |
|
|
Term
|
Definition
| grouping goods according to size, quality, or other characteristics, and determining an appropriate price for products and services |
|
|
Term
|
Definition
| the total market value of all goods produced and services provided in a country in a year |
|
|
Term
|
Definition
| when several brands of the new product are available |
|
|
Term
| health maintenance organizations |
|
Definition
| a cooperative agreement between a business and a group of physicians and other medical professionals to provide for the health care needs of the employees of the business |
|
|
Term
|
Definition
| the accumulated knowledge and skills of human beings--the total value of each person's education and acquired skills |
|
|
Term
|
Definition
| determines the types of jobs that are required for each part of the production procedure and the number of people needed for each job |
|
|
Term
| human resources management |
|
Definition
| all activities involved with acquiring, developing, and compensating the people who do the company's work |
|
|
Term
|
Definition
| job factors that dissatisfy when absent but do not contribute to satisfaction when they are present |
|
|
Term
|
Definition
| given to people because others identify with and want to be accepted by them |
|
|
Term
|
Definition
| helping employees to work effectively |
|
|
Term
|
Definition
| a financial document that reports total revenue and expenses for a specific period |
|
|
Term
|
Definition
| a plan showing projected sales, costs, and individual expense figures for a future period |
|
|
Term
|
Definition
| when distribution takes place though channel members |
|
|
Term
|
Definition
| products that are to be used by another business |
|
|
Term
|
Definition
| a word often used to refer to all businesses within a category |
|
|
Term
|
Definition
| a rapid rise in prices caused by an inadequate supply of goods and services |
|
|
Term
| informal commuincation network |
|
Definition
| consists of unoffical ways of sharing information in an organization |
|
|
Term
|
Definition
| responsibility for physical or economic injury arising from incorrect data or wrongful use of data |
|
|
Term
|
Definition
| a computer system used to process data for the purpose of generating information from that data |
|
|
Term
|
Definition
| the first time that a company sells stock to the public |
|
|
Term
|
Definition
| credit used when a customer makes a sizable purchase and agrees to make payments over an extended but fixed period of time |
|
|
Term
|
Definition
| any interest in property that will suffer a possible financial loss if there is a loss of or damage to the property |
|
|
Term
|
Definition
| uses short production runs to make predetermined quanities of different products |
|
|
Term
|
Definition
| when one company allows a company in another country to make and sell products according to certain specifications |
|
|
Term
| international monetary fund |
|
Definition
| helps fiancially strapped countries pay for imports or repay loans |
|
|
Term
|
Definition
| buisness operations and transactions that cross over state lines |
|
|
Term
|
Definition
| a private company network that allows employees to share resources no matter where they are located |
|
|
Term
|
Definition
| an employee who is given funds and freedom to create a special unit or dpartment within a company in order to develop a new product, process, or service |
|
|
Term
|
Definition
| business transacted within a state |
|
|
Term
|
Definition
| when a brand-new product enters the market |
|
|
Term
|
Definition
| determines the quantities of materials and supplies needed for production and the amount of finshed products required to meet customer orders |
|
|
Term
|
Definition
| an organization that helps businesses raise capital through the sales of stocks and bonds |
|
|
Term
|
Definition
| an organization that specializes in the sale of a variety of stocks, bonds, and other securities |
|
|
Term
|
Definition
| a retirement plan that is not company-sponsored, in which employees contribute a percentage of their pay, up to a specifed legal limit, in any investment plan of their choice |
|
|
Term
|
Definition
| a list of the basic tasks that make up a job |
|
|
Term
|
Definition
| the kind of work and the way the work is organized |
|
|
Term
|
Definition
| making a job more interesting by adding variety to the tasks |
|
|
Term
|
Definition
| encouraging employee participation in decision making |
|
|
Term
|
Definition
| the likelihood that employment will not be terminated |
|
|
Term
|
Definition
| an employment plan that allows two people to share one full-time job |
|
|
Term
|
Definition
| a list of the qualifications a worker needs to do a job |
|
|
Term
|
Definition
| two or more businesses that agree to provide a good or service, sharing the costs of doing business and also the profits |
|
|
Term
| just-in-time inventory controls |
|
Definition
| a method in which the company maintains very small inventories and obtains materials just in time for use |
|
|
Term
|
Definition
| a retirement plan designed for self-employed people, who may contribute an amount of their earnings into an investment fund managed by an investment company |
|
|
Term
|
Definition
| people who work with information |
|
|
Term
|
Definition
| most people aged 16 or over who are available for work, whether employed or unemployed |
|
|
Term
|
Definition
| the percentage of the labor force either employed or actively seeking employment |
|
|
Term
|
Definition
| the general way a manager treats and directs employees |
|
|
Term
|
Definition
| a contract that allows the use of an asset for a fee |
|
|
Term
|
Definition
| claims against assets or things owed--the debts of a business |
|
|
Term
|
Definition
| provides protection for risk involved in operating a business |
|
|
Term
|
Definition
| a way to limit and control those who plan to enter certain types of businesses |
|
|
Term
| limited liability company |
|
Definition
| a special type of corporation that is taxed as if it were a sole proprietorship or partnership |
|
|
Term
|
Definition
| restricts the liability of a partner for the amount of the partner's investment |
|
|
Term
|
Definition
| all authority and responsiblity may be traced in a direct line fom the top executive down to the lowest employee level in the organization |
|
|
Term
| line-and-staff organization |
|
Definition
| the addition of staff specialists to a line organization |
|
|
Term
|
Definition
| refers to the ease of turning an investment into cash witout significant loss |
|
|
Term
|
Definition
| the original price that the seller posts on the product |
|
|
Term
|
Definition
| capital that is borrowed for longer than a year |
|
|
Term
|
Definition
| loans written for periods of 1 to 15 years |
|
|
Term
|
Definition
| the process of accomplishing the goals of an organization through the effective use of people and other resources |
|
|
Term
| management information system |
|
Definition
| integrates data from various departments to make it available to help managers with daily business operations |
|
|
Term
|
Definition
| a special form of production in which raw and semi-finshed materials are processed and converted into finished products |
|
|
Term
|
Definition
| businesses tha produce goods |
|
|
Term
|
Definition
| term used to indicate the differece between the selling price and the cost of goods sold |
|
|
Term
|
Definition
| any amount by which the original selling price is reduced before an item is sold |
|
|
Term
|
Definition
| the types of buyers a business wishes to attract and where such buyers are located |
|
|
Term
|
Definition
| an economic system that determines what, how, and for whom goods and services are produced by coordinating individual choices through arrangements that aid buying and selling goods and services |
|
|
Term
|
Definition
| the study of a company's current and prospective customers |
|
|
Term
|
Definition
| the value at which stock is bought and sold on any given day |
|
|
Term
|
Definition
| keeping the needs of the consumer uppermost in mind during the design, production, and distribution of a product |
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Definition
| the blending of all decisions that are related to the four elements of marketing |
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Definition
| a detailed written description of all marketing activities that a business must accoomplish in order to sell a product |
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Definition
| 1. an assembly process in which a large number of products is produced, each of which is identical to the next 2. occurs when up-to-date equipment and assembly line methods are used to produce large quanities of identical goods |
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Definition
| combines workers into temporary work teams to complete specific projects |
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| date on which a loan must be repaid |
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| when there are many competing brands with very similar features |
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Definition
| goods purchased to sell to cutomers at a profit |
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Definition
| a budget that plans and controls the supply of merchandise to be sold to customers |
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Definition
| a manager who completes all of the management functions but spends more time on one of the functions or is responsible for a specific part of the company's operations |
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Definition
| an economic system in which a combination of a market and a command economy is blended together to make decisions about what, how, and for whom goods and services are produced |
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Definition
| a type of savings account in which the deposits are invested in short-term, government-backed securities |
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Definition
| the prediction that the amount of data that can be processed by a computer chip will double about every 18 months |
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Definition
| bonds on which specific assets are pledged as a guarantee that the principal and interest will be paid according to the terms specified on the bonds |
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Definition
| pools the money of many small investors for the purchase of stock and bonds |
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Definition
| those persons born between 1977 and 1997 |
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Definition
| the difference between the selling price and all costs and expenses of the business |
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Definition
| each insurance company is requred to pay the losses of its insured when an accident occurs, regardless of who might have been responsible for the loss |
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Definition
| a process a leader uses to involve all group members to solve a difficult problem that may create conflicts among members |
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Definition
| an institution that offers only demand deposits or commercial loans but not both |
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Definition
| desired wants that are not scarce |
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| non-governmental organizations |
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Definition
| independent groups that influence businesses through lobbying, publicity, and pressure tactics |
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Definition
| barriers other than tariffs that restrict imports |
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| non-verbal communications |
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Definition
| delivering messages by means other than speaking or writing |
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Definition
| concerns or complaints expressed by the customer |
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Definition
| decrease in the value of an asset because it is out of date or inadequate |
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Definition
| top executives who are hired to manage the business |
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Definition
| a corporation that offers its shares of stock for public sale |
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Definition
| a manager who gives little or no direction to workers |
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Definition
| authorization to borrow up to a specified amount for a specified period of time |
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Definition
| the costs of operating a business |
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Term
| operating system software |
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Definition
| a master control prgoram that manages the computer's internal function and file system |
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Term
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Definition
| short-term planning that identifies specific activities for each area of the business |
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Definition
| a visual device that shows the structure of an organization and the relationships among workers and divisions of work |
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Term
| organizational development |
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Definition
| carefully planned changes in the structure and operation of a business so it can adjust successfully to the competive environment |
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Definition
| the quantity or amount produced within a given time |
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Definition
| hiring an outside firm to perform specialized tasks for a business |
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Definition
| a dollar value shown on a share of stock, which is an arbitrarily assigned amount that is used for bookkeeping purposes |
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Definition
| a company that controls another company |
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Definition
| a business owned by two or more persons |
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Definition
| a company-sponsored retirement plan that makes regular payments to employees after retirement |
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Definition
| the process of assessing how well employees are doing their jobs |
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Definition
| the cause of a loss for a person or organization |
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Definition
| a tax or such items as furniture, machinery, and equipment |
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Definition
| promotion through direct, personal contact with a customer |
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Definition
| a compensation plan that pays the employee a fixed rate for each unit of production |
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Definition
| a distibution method where truck trailers are loaded and placed on railroad cars to be shipped close to their final destination |
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Definition
| cash registers that are connected to computers |
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Term
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Definition
| the written agreement, or contract, between the insurer and the policyholder |
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Definition
| the person or business purchasing insurance |
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Definition
| an organized collection of information and materials that represents a person's accomplishments |
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Definition
| comes from the position the manager holds in the organization |
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Term
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Definition
| desire to influence and control others and to be responsible for a group's activities |
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Term
| preferred provider organizations |
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Definition
| health care available form a selected set of physicians and health care facilites through negociated contracts between the health care providers and the insurer |
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Term
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Definition
| ownership that gives holders preference over the common stockholders when distributing dividends or assets |
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Term
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Definition
| a payment by the policyholder to the insurer for protection against a risk |
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Definition
| setting different prices for different customers |
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Term
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Definition
| the lowest rate of interest; the rate at which large banks loan large sums to the best-qualified borrowers |
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Term
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Definition
| when a state or country transfers its authority to provide a good or service to individuals or businesses |
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Term
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Definition
| efforts to increase the effectiveness and efficiency of specific business operations |
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Term
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Definition
| anyone who aids in creating a utility |
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Term
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Definition
| the complete set of all products a business offers to a market |
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Term
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Definition
| the process of developing or improving a product or service |
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Term
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Definition
| 1. predicts the sales and profit performance of a given product; 2. the four stages of sales and profit performance through which all brands of a product progress |
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Term
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Definition
| a group of similar products with obvious variations in the design and quality to meet the needs of distinct customer groups |
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Definition
| research done to develop new products or to discover improvements for existing products |
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Definition
| businesses that emphasize decisions about what and how to produce and then how to sell the products |
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Term
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Definition
| identifies the steps required in a manufacturing process, the time required to complete each setp, and the sequence of the steps |
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Term
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Definition
| producing the largest quantity in the least time by using efficient methods and modern equipment |
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Term
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Definition
| the incentive, as well as the reward, for producing goods and services |
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Term
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Definition
| a benefit plan tht pays employees a small percentage of the company's profits at the end of the year |
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Term
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Definition
| tax based on the ability to pay |
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Term
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Definition
| an unconditional written promise to pay a certain sum of money, at a particular time or on demand, to the order of one who has obtained the note |
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Term
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Definition
| 1. providing information to consumers that will assist them in making a decision to purchase a product or service; 2. the advancement of an employee within a company to a position with more authority and responsibility |
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Term
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Definition
| a levy on material goods owned |
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Term
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Definition
| tax rate remains the same regardless of the amount on which the tax is imposed |
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Term
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Definition
| a version of registration statement for the securities and exchange commision that contain extenxive details about the company and its proposed sale of securities |
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Term
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Definition
| a written authorization for someone to vote in behalf of the person signing the proxy |
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Term
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Definition
| a contract that permits a person or organization to use public property for private profit |
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Definition
| research done without a specific product in mind |
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Term
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Definition
| the owner-mangager of a business |
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Term
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Definition
| involves developing standards for all operations and products and measuring results using those standards |
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Term
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Definition
| used by sellers to encourage customers to buy in large quantities |
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Term
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Definition
| a business that is important, but lacks the profit potential to attract private investors, and is often operated by local, state, or federal government |
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Term
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Definition
| limits placed on the quantity or value of units permittied to enter a country |
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Term
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Definition
| a tax levied on land and buildings |
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Term
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Definition
| taxation wherein the actual tax rate decreases as the taxable amount increases |
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Term
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Definition
| when the same thing is done over and over to produce a product |
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Term
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Definition
| businesses that sell directly to final consumers |
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Term
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Definition
| profits that are put aside to run a business |
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Term
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Definition
| a credit plan that combines the features of regular charge credit and installment credit |
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Term
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Definition
| based on the ability to control resources, rewards, and punishments |
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Term
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Definition
| the uncertainty that a loss may occur |
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Term
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Definition
| assuming the risk of losses that may occur form fire, theft, damage, or other circumstances |
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Term
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Definition
| a forecast of the sales for a month, a few months, or a year |
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Term
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Definition
| specializes in purchasing installment sales contracts at a discount from businesses that need cash or that do not care to handle collections |
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Term
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Definition
| businesses that emphasize distribution and promotion in order to sell the products that have been produced |
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Term
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Definition
| any promotional activites other than advertising and personal selling intended to motivate customers to buy |
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Term
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Definition
| a tax levied on the retail price of goods and services at the time they are sold |
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Term
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Definition
| a milder form of embargo where specific business ties with a foreign country are banned |
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Term
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Definition
| an account that allows customers to make deposits, earn interest, and make withdrawals at any time without financial penalties |
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Term
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Definition
| a time plan for reaching objectives |
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Term
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Definition
| given to the buyer for ordering or taking delivery of goods in advance of the normal buying period |
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Term
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Definition
| a loan that requires the borrower to pledge something of value as security |
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Term
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Definition
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Term
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Definition
| a team in which members together are responsible for the work assigned to the team |
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Term
| self-service merchandising |
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Definition
| customers select the products they wish, take them to a cashier or checkout counter, and pay for them |
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Term
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Definition
| the actual price paid for a company's products by the customer |
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Term
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Definition
| the length of time an employee has been with the company |
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Term
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Definition
| businesses that provide assistance to satisfy specialized needs through skilled workers |
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Term
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Definition
| equal parts of the division of ownership of a corporation |
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Term
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Definition
| goods that are bought less frequently than convenience goods, that usually have a higher price, and that require some buying thought |
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Term
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Definition
| borrowed capital that must be repaid within a year, and often in 30, 60, or 90 days |
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Term
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Definition
| one who understands employees and job requirements and matches actions and decisions to the circumstances |
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Term
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Definition
| a credit and debit card with a memory that stores financial, health, credit, and other kinds of data that can be read by computers |
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Term
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Definition
| a credit and debit card with a memory that stores financial, health, credit, and other kinds of data that can be read by computers |
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Term
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Definition
| the duty of a business to contribute to the well-being of a society |
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Term
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Definition
| a business owned and managed by one person |
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Term
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Definition
| the number of employees who are directly supervised by one person |
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Definition
| produts that customers insist upon having and are willing to shop for until they find them |
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Term
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Definition
| the inability of workers to move up from low-paying jobs requiring little skill and education |
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Term
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Definition
| a kind of average of the prices of selected stocks considered to be representative of a certain class of stocks or of the economy in general |
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Term
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Definition
| a share of ownership in a corporation |
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Term
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Definition
| a contract that allows stockholders to buy additional shares for less than the marked price for a specified period of time |
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Term
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Definition
| when firms agree to cooperate on certain aspects of business while remaining competitors on other aspects |
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Term
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Definition
| long-term planning that provides broad goals and directions for the entire business |
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Term
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Definition
| the name for foreign operations that are branches or are separately registered as a legal entity |
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Term
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Definition
| being able to prove all claims made about products and services in promotions |
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Term
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Definition
| a manager whose main job is to direct the work of employees |
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Term
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Definition
| refers to the number of similar products that will be offered for sale at a particular time and at a particular price |
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Term
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Definition
| an examination of an organization's internal strengths and weaknesses as well as opportunites and threats from its external environment |
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Term
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Definition
| a sign or indication of something that appears to be the problem |
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Term
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Definition
| a method of performance evaluation that uses performance feedback gathered from a broad range of people with whom the employee works, both inside and outside the market |
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Term
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Definition
| groups of customers with very similar needs to whom the company can sell its product |
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Term
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Definition
| a tax on foreign goods to protect domestic industries and earn revenue |
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Term
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Definition
| divides employees into permanent work teams |
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Term
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Definition
| a system involving the electronic movement of information from one location to another location |
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Definition
| allowing employees to work at home using computers rather than at the business |
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Term
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Definition
| a commitment to excellence that is accomplished by teamwork and continual improvement |
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Term
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Definition
| a special deduction from the list price that is given to certain types of buyers, such as wholesalers or retailers, because the buyers perform certain functions for the seller |
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Term
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Definition
| an arrangement between two or more countries to remove all restrictions on the sale of goods and services among them while imposing barriers to trade and investment from countries that are not part of the bloc |
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Term
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Definition
| the assignment of an employee to another job in the company that involves the same type of responsibilty and authority |
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Definition
| short-term security sold by the federal government to finance the cost of running the government |
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Term
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Definition
| securities sold in $1,000 to $1 million amounts with maturities ranging form 10 to 30 years |
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Term
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Definition
| securites sold by the U.S. government in amounts of $1,000 to $5,000 that generally mature in one to ten years |
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Term
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Definition
| income that escapes being recorded in the GDP |
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Term
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Definition
| means that no employee has more than one supervisor at a time |
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Term
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Definition
| means that no employee has more than one supervisor at a time |
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Term
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Definition
| income that escapes being recorded in the GDP |
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Term
| unlimited financial liability |
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Definition
| indicates that partners are responsible for their share of the business debts |
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Definition
| a loan that is not backed by collateral |
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Term
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Definition
| products that many customers will not shop for because they do not have a strong need for the product |
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Term
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Definition
| the ability of a good or service to satisfy a want |
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Definition
| the difference between current performance and the standard |
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Definition
| the company from which goods are being ordered |
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Term
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Definition
| an investor or investment group that lends large sums of money to promising new or expanding small businesses |
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Term
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Definition
| a network of companies that form alliances among themselves to take advantage of fast-changing market conditions |
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Term
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Definition
| a private business that maintains the web sites of individuals and organizations on its computers for a fee |
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Term
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Definition
| businesses that buy products from businesses and sell them to retailers or other businesses |
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Definition
| when a firm sets up a business abroad on its own without any partners |
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Definition
| a network of linked computers that covers a wide geographic area |
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Definition
| regulations created to maintain an effectve working environment in a business |
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Definition
| a group of individuals who cooperate to achieve a common goal |
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Definition
| the difference between current assets and current liabilities |
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Definition
| provides low-cost, long-term loans to less-developed countries to develop basic industies and facilities |
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Definition
| regulations that specify which land areas may be used for homes and which areas may be used for different types of businesses |
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