Business Midterm Notes

Business Midterm Notes - 1-9 skip 2 and 3100 questions...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 1-9 skip 2 and 3100 questions MCScantronWhat do we mean by tactical planning?-short run efforts that involve what is to be done and by whom (shortterm planning 1-2 years)Leadership style-depends on who is being lead and in what situationWhat is a business incubator?-low cost and shared space for new/start up businessesWhat is a line organization?- lines that bring revenues into the organization-Cross Functional OrganizationManagement Function-that involves determining whether an organization is progressingtoward its goals-this is the controlling function-planning, organizing, leading, and controllingWhat is ISO 9000?- A European standard for quality management and quality assurance.Alphabet SoupCEO- chief executive officerCFO- chief financial officerCPO- Chief planning officerCIO- Chief Information officerCPA- certified public accountantWhat is meant by Government Privatization?-a country?s government sells off government agencies and businessesin an effort to create more wealthLarge organizations-Have real problems with efficiency- particularly with regard tocommunication and or decision making-eliminating some of the layers of management it often speeds things up.What is profit?-the amount a company earns above the amount it pays forexpenses-inventory, salaries, advertising, etc.Income statementSales-COGS=Gross profit-expenses=Net profit before IRSSole proprietor you get all the moneyPartnership- splitCorp-Strategic, Tactical, Operational Planning-Strategic management- senior management- long term planning-Tactical- regional, store, factory management- quarterly to yearly planning...
View Full Document

This note was uploaded on 04/07/2008 for the course BUSN 101 taught by Professor Holcomb during the Spring '08 term at Gonzaga.

Page1 / 3

Business Midterm Notes - 1-9 skip 2 and 3100 questions...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online