Business 14 Flashcards

Terms Definitions
vested 8.1
Database Administrator
economic system 5.1
absolutely necessary; indispensable:
Net exports
exports less imports
abs(own-price elasticity) > 1
publicly accessible computer system that is set up to allow interactive information browsing (OS is hidden and program runs in full screen mode)
investment certificates issued by corporations or governments that represent either equity or debt
is measured in cash flows
enabling financial and investment markets to operate internationally as a result of deregulation and improved communications
requiring great exertion; laborious, using much energy and vigor; full of hardships
net assets
fixed assets + working capital
What kind of communication channel carries messages outside formally authorized channels within an organizations hierarchy?
Total value of coins currency, travelers check, banking checking account balances and the balances in other demand deposit
those specific, timed activities that execute a strategy
Copyright protection applies to new ideas or concepts.
an activity, benefit, or satisfaction offered for sale that is essentially intangible and does not result in the ownership of anything
entrepeneurs that work inside a corporation
financial statement that maintains all account transactions
to stop; cease moving, operating, etc., either permanently or temporarily:
Job ananlysis
The determination, through observation and study of pertinent information about a job, including specific tasks and necessary abilities, knowledge, and skills
purchase orders
requests for goods/materials sent to suppliers.
Decentralized Authority
when decision-making is delegated to lower-level managers and employees more familiar with local conditions than headquarters.
target marketing
marketing directe toward those groups an organization decides it can serve profitably
coordination and oversight of the work activities of others so that their activities are completed efficiently and effectively
social responsibility
business acceptance of the obligation to consider societal well-being, consumer satisfaction, and profit of equal value in evaluating the firm's performance.
What PCS cost identifier do you include on the special orders to indicate that the PCS is at no cost to the government?
Perhaps one of the most significant strengths of small business is their ability to?
all actual or potential buyers or sellers of a good or service
economies of scale
Cost advantages associated with large-scale production.
the amount by which the quantity demanded of a product exceeds the quantity supplied at a given price (*need to increase price)
a landlord’s requirement of payment in advance of occupancy that is held to pay for any future unpaid rents or property damage caused by the tenant
Security deposit
Second most important component of an IS
The visible and tangible elements of culture.
market or industry characterized by a handful of (generally large)sellers with the power to influence the prices of their products
geographic segmentation
Dividing the market by geographic area.
the act of stealing; the wrongful taking and carrying away of the personal goods or property of another; larceny.
something that one is expected or required to do by moral or legal obligation.
the point on the celestial sphere vertically above a given position or observer.
Quid Pro Quo?
Request or demand for inappropriate favors that affect one's job
the power to make one's own decisions or choices without interference from others.
National Deficit:
the amount of money the federal government spends beyond what it gathers in taxes in a year
Hawthorne effect
the tendency for people to behave differently when they know they are being studied
getting the most output from the least amount of input
tax audit
a detailed examination of your tax return by the internal revenue service (IRS)
Net profit margin
Net profit / revenue or sales
Occurs when hiring new workers causes marginal product to decrease.
Diminishing returns
The broader issues in the economy such as inflation, unemployment, and national output of goods and services.
Supply schedule
a table that shows the relationship between the price of a good and the quantity supplied
Who are the main decision makers in the DCO process?
A method that deletes one or more pages from clipboard – database not affected
guarantee of quality imposed by law but not in writing
Implied Warranty
Components of an IS
hardware, software, data, procedures, and people
When space is limited the best economical choice for filing would be?
open shelf/lateral
style sheet
essentially a script of shortcut for several text and paragraph formatting choices, such as indents, rules, typeface, size and styles. Style sheets apply to paragraphs at a time, rather than individual words, and are also sometimes called paragraph style
The money that a business earns in sales (or revenue) minus expenses, such as the cost of goods, and the cost of salaries. Revenue - Expenses = Profit (or Loss)
output market
where an entity sells its outputs (services or inventories)
to kill by squeezing the throat in order to compress the windpipe and prevent the intake of air, as with the hands or a tightly drawn cord.
an adherent or supporter of a person, group, party, or cause, especially one that shows a biased, emotional allegiance
net profit
the profit made by a business after all costs have been deducted from the sales revenue. GROSS PROFIT-OVERHEAD COSTS
a plan for using your money in the best way to suit your needs and wants
A current ratio of 1.2 to 1 would indicate financial strength
Limited Liability Partnership (LLP)
a partnership that limits partners' risk of losing their personal assets to only their own acts and omissions and to the acts of and omissions of people under their supervision-allows you to operate with out fear that a partner might commit and act of malpractice that would result in a judgement that would cause you to lose house, car etc
Was schützt die Haftpflichtversicherung?
Sie schützt das Vermögen des Haftpflichtigen(Vermögensversicherung).
what is left brain thinking?
rational, logical, detailed, and analytical
How Much Space Should You Leave Between Cars?
2 Second Rule
is a set of software applications combined with a database. The main functions are to create the database, insert, read, update, and delete database data, maintain data integrity, security, and to prevent data from being lost by providing backu
Database Management Systems=
Average propensity to consume
Fraction (or percentage) of disposable income that households plan to spend for consumer goods and services; consumption divided by disposable income.
reservation of rights
may waive breach, but gives notice that action may be brought forth at a later time
Know all vocab words and definitions for matching on test!
Vocab hand out
Withdrawal Slip
Form that a customer uses to take money out of his/her account.
indenture terms
The terms of agreement in a bond issue.
a search made in order to find or obtain something
private/ store brand
Brand that is not linked to the manufacturer but instead carries a wholesaler's or retailer's label
management information system (MIS)
the methods and equipment that provide info about all aspects of a firms operations. (somethin like a business plan)
When are retraining applications submitted using supplemental messages?
When no special processing is required.
Gloria recently earned her bachelor’s in HR. She has just started her first exempt-level HR job. What is the earliest time that Gloria can be certified as a PHR (assuming she has passed the PHR exam)?
after two years of exempt-level experience
What are the project initiation phase key activities?
a. Operational walk-through
b. Knowledge transfers
c. Identification and organization of programs, slivers, staffing models, milestones, risk assumptions
A legally binding order issued by the court to stop a practice of using advertising that would mislead the public
Cease and desist
product development teams
Other teams that may be temporary or ongoing.
first degree price discrimination
every consumer is charged a different price based upon the individual's willingness to pay; profit = consumer surplus
In a data source, fields ____.
may be listed in any order
The principle immediate threats to small and mid-sized businesses include
rising inflation, collapse of the dollar's value, energy and other supply shortages, excessive household and or corporate debt and the growing federal deficit.
What's a test suite
a group of one or more test cases
A system of a country that measures the total market value of the goods and services produced within its borders.
Gross Domestic Product (GDP)
Generating creative ideas, Screen, Analyze, Conduct tests, Test market it, Produce & distribute
What are the different stages of New Product Development?
In a selection test, validity refers to the
correlation between a predictor and job performance.
2 Criteria for classifying Epithelial
Shape of Cell and # of cell layers
The S corporation is limited by
E. Strict requirements on who can be shareholders/which states have statutes to permit its formation
a and b/above
28. What are the reports available withinh the Reports Tab?
28.1 Project Summary
28.2 Work Management
28.3 Defect Management
28.4 Custom Reports
____ was passed to "assure as far as possible every working man or woman in the Nation safe and healthful working conditions and to preserve our human resources."
The Occupational Safety and Health Act
What is the most important factor in our post industrial soceity?
It is a service oriented workforce or machines doing work humans use to do and created new industries
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