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20
Business
6th Grade
06/30/2014

Additional Business Flashcards

 


 

Cards

Term

What are communication?

Process

Barriers

Define

Example

Definition

Process by which a message is sent by a sender to a reciever.

Anything that stops a message from being recieved. 

The sending out and recieving of a message.

E.g Speaking, letter, text

Term

Internal communication

Define 

Example

 

External communication

Define

Example

Definition

The sharing of information within an organization for business purposes. 

E.g School news letter

 

 The transmission of information between a business and another person or entity in the company's external environment.

E.g Letter from school to home

Term

Verble - Example

 

 

Written - Example

 

 

Visual - Example

Definition

Speaking - meeting, face to face conversation

 

Text, email, letter

 

 Poster, signage

Term

Verbal Comunications

Advantages

Definition
Is faster to comunicate the point and there is never any confusion.
Term

Written Comunication

Advantages

Definition
It can be made formal. It can be referenced.
Term

Visual Comunication

Advantages

Definition
It sticks in your memory better. It looks better presented and is strait to the point.
Term

One Way Comunication

Define + Advantages

 

Two Way Comunication

Define + Advantages

Definition

Is comunication from one person and does not involve responce. The advantage is it is quick and easy.

 

Is comunication that involves multiple peoples input. The advantage of this is it gets a better result.

Term

Formal Comunication

Define

example 

 

Informal Comunication

Define

example

Definition

Is refrencable and usually writen eg a letter is usually formal and it can be referenced.

 

Is things like verbal and visual comunication it can not be referenced an example of this would be a poster.

Term

Production

Define

Definition
Production is when multiple products are made by machine or humens.
Term

Job

-Definition

-pros

-cons

Definition

-Definition=Products are produced one off by people or departments

-Pros=Unique,

-Cons=More exspensive

Term

Batch

-Pros

-Cons

-Definition

Definition

-Definiton=One lot of products are made at a time

-Pros=exact amout known, little storage, cost effective, little waste

-Cons=Production can halt when no order,not as fast as flow production

Term

Flow Production

-Definition

-Pros

-cons

 

Definition

-Definition=The production of goods where they flow from part of the operation to the next.

 

-Pros=Fast and cheap, little skills needed

 

-Cons=little variability, boring, low moral

Term

Funding

-Why Needed

-Internal

-External

Definition

-Why Needed=To continuw to run a business capital (funding) is needed.

-Internal=Funding coming from within business (Own Money)

 

-External=Funding from outside business (Bank Loan)

Term

Mission

Vision

Aims and objectives

-Definitions

Definition

-Mission= Why a business exsits.

-Vision= Where a business intends to go

-Aims and Objectives= How they are going to achieve it, steps.

Term

Entrepenuer

-define

-characteristics

-reward

Definition

-define= A person who thinks up a unique idea and turns it into a business

 

-Characteristics= creative, intelligent, good communicator, charms, 

 

-reward= succsefull business, money

Term

Why is entrepenuership imortant to a country?

 

Definition
Brings in employment and imroves economics in the country
Term

Balance sheet

-What does it include

-Define assest

-Define liabilitys

-What is owners equity

 

Definition

It includes assests and liabilitys

An asset is object that is owned by the business

Is something that the business owes

Owners equity is what the owner has contributed or taken out of the business

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