Business Cards Flashcards

Terms Definitions
to invest
reconcile 10.3
bank owner
el banquero
trade deficit 7.1
analog signals
waves of energy
Pega Log Analyzer
assuming airs; pretentious; haughty.
Functions that were performed previously by company employees may be contracted to other firms whose employees will perform them in a practice called:
unenforceable contract
unenforceable due to law.
process of starting, organizing managing and assuming responsibility
strong and healthy; hardy; vigorous:
Quality Management?
Business practice that emphasizes defining the customer's needs, analyzing finished products to ensure they are defect free and continually eliminating product errors/problems
service firm
medical clinics and law firms
business sells its accounts receivable to either a bank or finance company at a discount
Applications (x3)
automate flow of info
company ↔ supplier
generate demand forecasts
sourcing & manufacturing plans
manages physical flow of products
ensures efficient deliveries
Resources that consist of coins, currency, checks, money orders, and money on hand or on deposit in a bank or in a similar depository
Domestic Business
All operations in one country
physical or mental inability that substantially limits one or more of the major life activities, such as employment
A conflict-handling style that is highly assertive but low on cooperation.
What is a conglomerate merger?
Unrelated businesses.
to present for the approval, consideration, or decision of another or others:
to accustom to hardship, difficulty, pain, etc.; toughen or harden; habituate (usually fol. by to):
Sales Promotion
all marketing activities, other than personal selling, advertising & publicity that stimulate consumer purchasing and dealer effectiveness.
product mix
A company's assortment of product lines and individual offerings.
Small Business
-- Independently owned and operated, not dominant in its field of operation and meets certain standards of size.
process of reducing the number of employees within a firm by eliminating jobs
Transportation method
A special linear programming method that is useful for solving problems involving transporting products from several sources to several destinations.
Internal Auditor
responsible for ensuring that all departments follow the firm's guidelines and procedures
Welches sind die Unterversicherungen der Sozialversicherung?
AHV/IV/EL, Pensionskasse(BVG), Obligatorische Unfallversicherung(UVG), Arbeitslosenversicherung und Insolvenzschädigung(AVIG) und die Erwerbsersatzordnung(EOG)
Angela is a self-employed graphic artist. Typically she is hired by companies for special projects that may last anywhere from a week to six months. Angela is a/an
independent contractor.
public utility
orginization that supplies a service or product vital to all people
business portfolio
the collection of businesses and products that make up the company
Complete contrast with black representing the negation of color and white representing the absence of color
Black and White
a business' present obligations to pay cash, trasnfer assets, or provide services to other entities in the future.
Phase marked by prolonged period of high unemployment, weak consumer sales, and business failures.
Stage when participants focus less on keeping their guard up as they shed social facades, becoming more authentic and more argumentative.
total of all professional income received
gross income
Concessions made by union members to management; gains from labor negotiations are given back to management to help employers remain competitive and thereby save jobs.
the act or fact of deceiving oneself.
to fill with sudden and overpowering surprise or wonder; amaze:
an opinion at variance with the orthodox or accepted doctrine, especially of a church or religious system
Vertical Integration
absorption into a single firm of several firms involved in all aspects of a product's manufacture from raw materials to distribution
people start to have money to purchase goods and services, more production
Can a bad hiring decision be more expensive then the recruitment and selection process?
ability to direct or inspire people to attain organizational goals
responsive supply chains
supply chains that utilize strategies aimed at being responsive and flexible to the changing and diverse needs of the customers
Elastic Demand
a lot of alternatives at varying prices
In which of the following databases is the retraining advisory located?
FOB Shipping Point
Freight terms indicating that the seller places goods free on board the carrier, and the buyer pays the freight costs
Cheney & Tompkins
humans identify with humans, groups, objects, institutions, and symbols that they are perceived to be substantial commonalities of values, beliefs, attitudes, goals, language, nonverbal symbols, images, and even common enemies.
a natural, inborn aptitude to do certain things is called
a talent
the study of the choices made by households, firms and government
increase in price level that originates on the demand side of the economy
demand side/pull inflation
Decision Makers-Indirect Financial Interest
Tax Authorities, Regulatory Agencies, Labor Unions, Customers, Economic Planners
Corporate Citizenship
The extent to which businesses meet the legal, ethical, economic, and voluntary responsibilities placed on them by their stakeholders
central connectors
People linked to the greatest number of people.
What type of inventory protects a company from uncertainties in demand and lead-time
safety stock
An online diary (Web log) that looks like a Web page but is easier to create and update by posting text, photos, or links to other sites.
to form or mark differently from other such things; distinguish.
the act or process of buying, selling, or exchanging commodities, at either wholesale or retail, within a country or between countries:
that which forms a basic matter of thought, discussion, investigation, etc.:
items that people can use to make or obtain what they need or want
stock option plan
right to purchase stock over a specific period of time
Economies of Scope
Exist when multiple products can be produced at a lower cost in combination than they can separately
Call provision
allows the issuer to redeem the bond before its maturity at a specified price -- issuers tend to call bonds when market interest rates are declining
Credit counselor
helps people work out a plan for getting out of debt
If done steals from a thief, Don is guilty of larceny even though the thief did not own the stolen property.
Just Noticible Differences (JND)
The differential between the intensity between two stimuli
Likelihood % determines
order of possible actions presented in the work object.
If goods are acquired through fraud, a mistake, undue influence, or by a minor, the title may be voided if the injured party elects to do so
Voidable Title
Chapter 7 Bankruptcy
Requires a business be dissolved and its assets liquidated to pay off its debt
an income tax that everyone pays at the same rate whatever the income level
proportional tax
Formal channels of communication
Channels of communication approved by senior management, within which any form of communication is regarded as formal (production briefings, personnel meetings)
consumer price index (CPI)
Monthly statistics that measure the pace of inflation or deflation.
an opening in which a player seeks to obtain some advantage by sacrificing a pawn or piece.
What are middle managers responsible for?
Developing detailed plans and procedures to implement the firm's strategic plans. Examples: general, plant, division, and branch managers
Consumer to Consumer (C2C)
individuals using the web for private sales
online marketplaces
- ex. -
Amazon Marketplace
Fixed Assets
assets with a life of more than one year
What is a shortage?
When quantity demanded is greater than quantity supplied and the price is below the equilibrium.
millennials (generation y)
the 83 million children of the baby boomers, born between 77-2000
What is the circular flow?
It shows the economic relationship between households, Government, and Businesses
Steamed Shrimp served with...
lemon wedge, butter, and a cilantro sprig, cocktail sauce served on side.
a set of forms all of which contain a particular element, an example serving as a model or pattern
ERP Systems & how they work...
interdependent modules that w/ common central database
data can be accessed by anyone
1 info system
Which of the following is NOT a major HR concern of small businesses?
potential unionization efforts
What is a tariff?
A tax that a government places on certain imported products.
the Sales Training Process Model (steps/stages of)
1.Assess sales training needs 2.Set training objectives 3.Evaluate training alternatives 4.Design sales training program 5.Perform sales training 6.Conduct follow-up and evaluation
What are the main objectives of Horizontal
Horizontal integration is a growth strategy in which a health care delivery organization extends its core product or service. Commonly, the services are similar or may be substitutes for the existing services. Horizontal integration may be achieved through internal development, acquisition, or merger. Horizontally linked organizations may be closely coupled through alliances. The main objective of horizontal integration is to control the geographic distribution of a certain type of health care service. Multi-hospital chains, nursing facility chains, or a chain of drugstores, all under the same management, with member facilities offering the same core services or products, are horizontally integrated. Diversification into new products and/or services is not achieved through horizontal integration.
Where is the most dangerous place to be while driving?
the middle of an intersection
how are role models important?
they help get you motivated and people you can go to for help
Small businesses can have an advantage over large firms because
they can customize products to meet specific customer needs and wants.
What is start up financing?
The amount of money needed to open the business.
List the most common reasons a project fails even when they have a valid methodologies
a. Methodology does not fit the environment
b. Project follows methodology too closely
c. Methodology is too loosely followed
What are the main purposes of having a budget?
Live within your income, achieve your financial goals, buy wisely, avoid credit problems, plan for financial emergencies, and develop good money managment skills.
la moitié
walk,take steps
Limited Liability Company.
temper or disposition:
Subtractions from gross pay.
politically motivated embargoes that revoke a country's normal trade relations status, often used as forceful alternatives short of war.
5th Amendment
protection from self-incrimination (doesn’t apply to businesses), and provides for just compensation (private property taken for public use).
productive resources
natural resources, labor/human resources, and capital resources
The broad, long-term accomplishments an organization wishes to attain.
favorable to or promoting health
Intentional Torts
Assault, battery, false imprisonment, appropriation, invasion of privacy, defamation, emotional distress, malicious prosecution, property (real - trespass & personal - conversion tort)
Who is Nicolas Sarkozy
23rd French Ruler
________ratios measure what portion of the company is leveraged or financed (how much the owners could lose to creditors)
American Stock Exchange: focuses on the stocks of smaller firms and is tiny compared to NASDAQ and NYSE
____ are payments directly calculated on the amount of time worked.
How many purposes should activity rules implement?
Interest rate on money increases
LM Left
the willingness and ability of producers to offer a good or sercice for sale
a person, partnership, or corporation engaged in commerce, manufacturing, or a service; profit-seeking enterprise or concern.
The statement of an organization's fundamental purpose and basic philosophy
magic bullet
fail-safe solution to a problem
the organized action of making of goods and services for sale
Invisible Hand
When self-directed gain leads to social and economic benefits for the whole community
job specification
minimum qualifications required of a worker for a specific job
______ratios tell how well business is being conducted
Computer-integrated manufacturing (CIM) systems:
Systems that use computer-aided design and computer-aided manufacturing, together with robots and computer-controlled machines.
Which segment of marketing uses categories such as age, education, gender, income, and housbold size to diffrentiate among markets?
Demographic Segmentation
Who hires corporate officers?
The Board of Directors.
Explain Say's law.
Supply creates it's own demand.
currency translation
Converting the financial statements of foreign subsidiaries into the currency of the home country.
the practice of tailoring products and marketing programs to the needs and wants of specific individuals and local customer segments-includes local marketing and individual marketing
The consideration (money) for a sale or contract to sell goods
Refers to someone who uses two languages equally well.
Excise taxes
Taxes on specific items such asAlcohol, Cigarettes, Gasoline, Telephone service, Air travel, Firearms. Also known as the sin tax
Straight Salary:
Sales trainees; sales support) Adv. Simple to administer, easy to budget, customer loyalty enhanced, more control over non-selling activities. Disadv. No financial incentive, pay based on seniority often, salaries can be a burden if company not doing well
gross income
total revenue received before any deductions or allowances, as for rent, cost of goods sold, taxes, etc.
alertness and prudence in a hazardous situation; care; wariness:
the total amount of money received from the sale of goods or services, as well as from related business activities.
business that is a legal entity separate from the owner or owners
a contract between two or more persons who agree to pool talent and money and share profits or losses
Supply Curves:
price on vertical (y axis), quantity on horizontal (x axis).
Balance of Payments
The difference between the total amount of money that flows into a country and the money that flows out of a country for investments, tourism, and nontrade items.
planned change programs intended to help people and organizations function more effectively
Management audit:
a review to determine whether the policies and procedures specified by top management have been implemented
Government & not-for-profit accountants
Primarily determine how efficiently the organizations accomplish their objectives
What term means, a business owned and run by just one person?
Equality Finace
is the owners real personal assets used to run the business.
What are markets?
The interaction of buyers and sellers.
What application creates rules which are used as the foundation for a PRPC solution?
a. Application Accelerator
SIngle valuse properties contain?
Simple text, integer values, etc.
The person for whom the risk is assumed (policyholder)
(loudness or softness) is based on the perception of the listener and is determined by the air pressure coming from the lungs through the vocal folds.
Graphics software
software designed to create, edit and manipulate graphics
What is debit card?
is used for ATM transactions.
The amount of money a business earns above and beyond what it spends for salaries and other expenses
An economic system in which all or most of the factors of production and distribution are privately owned and operated for profit.
the act of diverting or turning aside, as from a course or purpose:
a literary or artistic burlesque of a serious work or subject, characterized by grotesque or ludicrous incongruity of style, treatment, or subject matter.
Direct (planned) economy
resources are owned and controlled by the govt.
In a sole proprietorship it is the ________ financial liability for all debts of the business.
owner's personal
Small Business Investment Companies (SBICs)
privately  owned and managed investment companies that are licensed by the Small Business Administration and provide lont term financing for small businesses
\"Price Inelastic\" Demand Curve
Buyers reduce amount bought very little when price rises.
A set of rules or laws designed to control business behavior.
List the factors of production.
Natural resources, capital, human resources, and entrepreneurship.
Demand curve shifters
*number of buyers *income *price of related goods *tastes *expectations
ethnocentric behavior
Behavior that is based on the belief in the superiority of one’s own ethnic group or culture; often shows disregard or contempt for the culture of other countries.
The ability of one trading nation to make a product more efficently than another trading nation.
Absolute advantage
Reduction (Risk Management Technique)
Reduction may be accomplished through loss prevention and loss control. (control: sprinkler system in fire, prevention: security guard to reduce risk)
the costs associated with the time and effort needed to search out, negotiate and consummate a change
transaction costs
compensation insurance
protect workers who got injured on the job
What is microeconomics?
The study of decisions made by individuals and businesses.
to start a new venture or promote a new product:
3-point test Interstate Commerce
is law reasonable, even-handed, and no excess burden
The green circle in Figure 5-1 is the object’s ____.
rotate handle
Financial Accounting Standards Board (FASB)
The board primarily responsible for evaluating, setting, or modifying GAAP. Has 7 members
What are analytical decisions styles include?
Evaluate more alternatives, take longer.
The TMF covers all types of testing except which type of testing?
a. Stress testing
Federal reserve banks
The 12 banks chartered by the us government to control the money supply and to perform other functions.
Short-term financing
is the money needed to pay for the current operating activites.
Maslow's hierarchy of needs
Theory of motivation based on unmet human needs from basic physiological needs to safety, social, and esteem needs to self-actualization needs.
Tenancy in Common
A type of ownership in which two or more individuals share ownership of assets. When one of the owners dies, that owner's share isn't passed on to the other owners,  It becomes part of the deceased's estate and is distributed according to the deceased's will.
NSF Check
A check that is not paid by a bank because of insufficient funds in customer’s bank account
14. What are the 3 document available when creating the AP document?
a. Pegasystems Certified Partner Lead Engagement
b. Pegasystems Lead Engagement
c. Self Lead Engagement
The number of times per period that a store replaces, or turns over, it's average stock of merchandise.
Merchandise Turnover Rate
gross domestic product (GDP)
The total value of final goods and services produced in a country in a given year.
The owner can also provide working capital by
reinvesting profits into the business or simply by not drawing a profit.
What is the difference between a policy and procedures?
policies are guidelines used for making decisions, while procedures are descriptions of the way work is done.
ETFs or Exchange Traded Funds
A hybrid between a mutual fund and an individually traded stock or bond that trade on an exchange just as individual securities do and can be bought and sold throughout the trading day. 
prepare for a job interview by
optaining more info about the job for wich you are applying, preparing answers to specific questions you might be asked, asking friends to help you practice your interviewing skills
A ratee's (Officer or Airman) comments to the evaluator named in the referral letter must
not reflect on the integrity of the evaluator unless fully substantiated.
Once a member is notified of selection for an assignment, the PRE conducts an initial relocation interview
ASAP but NLT 15 calendar days after official notification.
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