Shared Flashcard Set

Details

2nd semester
units 4 - 6 -7
29
Business
11th Grade
05/04/2012

Additional Business Flashcards

 


 

Cards

Term
Business Plan
Definition
A written description of the business idea and how it will be carries out.
Term
Start-up financing
Definition
The money needed to pay for the current operating activities of a business.
Term
Benefits
Definition
Compensation in forms other than direct payment
Term
Commission
Definition
A system that pays the employee a percentage of the sales for the sales for which he or she is responsible.
Term
Human resources
Definition
The people who work for the business
Term
Financial records
Definition
used to record and analyze financial performance of a business
Term
Income statement
Definition
reports the revenue, expenses and the net income or loss of a business for a specific period of time
Term
Downsizing
Definition
planned reduction in the number of employees needed in a firm
Term
Workforce
Definition
all the people 16 years and over who are employed or looking for a job
Term
Career planning
Definition
the process of studying careers, assessing yourself in terms of careers and making decisions about a future career.
Term
Ability
Definition
the quality of being able to perform mental or physical tasks
Term
Values
Definition
the things that are important in your life.
Term
Occupation
Definition
a task or series of tasks that are performed to provide a good or service
Term
Cover letter
Definition
a letter expressing your interest in a specific job.
Term
resume
Definition
a tool that provides information about you to a potential employer
Term
Revenue
Definition
all income that a business receives over a period of time
Term
Consumer
Definition
a person who buys and uses goods and services
Term
Business ethics
Definition
rules about how businesses and their employees ought to behave
Term
code of ethics
Definition
a set of rules for guiding the action of employees or members of an organization
Term
E-commerce
Definition
conducting business transactions using the internet or other technology
Term
Exports
Definition
goods and services sold to other countries.
Term
Imports
Definition
goods and services brought from other countries
Term
International business
Definition
business activies across national borders
Term
Inventory
Definition
a detailed account of a company's materials, supplies and finished products.
Term
Intangible
Definition
something that has no physical form
Term
Manufacturing
Definition
combining raw materials and processed goods into finished products
Term
Multinational company
Definition
an organization that does business in several countries.
Term
Guarantee
Definition
a promise by the manufacturer or dealer that a product is of a certain quality
Term
Entrepreneur
Definition
Someone who takes a risk in starting a business to earn a profit
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