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BUSN 101 Final Exam Key Terms
Key Terms for Business 101 Final
92
Business
Undergraduate 1
02/27/2022
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Term
ADVANTAGES OF FRANCHISING
 Definition
Term
AUTHORITARIAN LEADERSHIP STYLE
 Definition
Term
BOARD OF DIRECTORS
 Definition
Term
BRAND RECOGNITION
 Definition
Term
BREAKEVEN QUANTITY
 Definition
Term
BUSINESS CYCLE
 Definition
Term
CAPITALISM
 Definition
Term
CASH FLOW
 Definition
Term
CAVAET EMPTOR
 Definition
Term
CHAIN OF COMMAND
 Definition
Term
CLOSED CORPORATION
 Definition
Term
CODE OF ETHICS
 Definition
Term
COMMON STOCK
 Definition
Term
COMPARATIVE ADVANTAGE
 Definition
Term
COMPUTER-AIDED DESIGN (CAD)
 Definition
Term
COMPUTER-INTEGRATED MANUFACTURING (CIM)
 Definition
Term
CONCEPTUAL SKILLS
 Definition
Term
CONSUMERISM
 Definition
Term
CONTINGENCY PLANNING
 Definition
Term
CONVENIENCE PRODUCTS
 Definition
Term
CORPORATE BONDS
 Definition
Term
CULTURAL DIVERSITY
 Definition
Term
CURRENT RATIO
 Definition
Term
DATA
 Definition
Term
DATA COLLECTION
 Definition
Term
DATA WAREHOUSING
 Definition
Term
DISADVANTAGES OF FRANCHISING
 Definition
Term
DISTRIBUTION CHANNEL
 Definition
Term
EMPOWERMENT
 Definition
Term
EQUAL EMPLOYMENT OPPORTUNITY COMMISSION
 Definition
Term
FACTORS OF PRODUCTION
 Definition
Term
FIXED-POSITION LAYOUT
 Definition
Term
FLAT ORGANIZATIONAL STRUCTURE
 Definition
Term
FLEXTIME
 Definition
Term
FOREIGN CORPORATION
 Definition
Term
FRANCHISE
 Definition
Term
FRANCHISEE
 Definition
Term
FRANCHISOR
 Definition
Term
FUNCTIONAL DEPARTMENTALIZATION
 Definition
Term
GROSS DOMESTIC PRODUCT (GDP)
 Definition
Term
HOLDING COSTS
 Definition
Term
HORIZONTAL MERGER
 Definition
Term
IMPORT QUOTA
 Definition
Term
IMPORTING
 Definition
Term
INCOME STATEMENT
 Definition
Term
INITIAL PUBLIC OFFERING (IPO)
 Definition
Term
INTRANET
 Definition
Term
JOB DESCRIPTION
 Definition
Term
JUST-IN-TIME INVENTORY CONTROL
 Definition
Term
LICENSING
 Definition
Term
LIMITED PARTNER
 Definition
Term
LINE STRUCTURE
 Definition
Term
LIQUIDITY
 Definition
Term
LONG-TERM FINANCING
 Definition
Term
MANAGEMENT FUNCTIONS
 Definition
Term
MARKET PRICE
 Definition
Term
MARKETING MIX
 Definition
Term
MASLOW'S HIERARCHY OF NEEDS
 Definition
Term
MASS CUSTOMIZATION
 Definition
Term
MONOPOLISTIC COMPETITION
 Definition
Term
MULTINATIONAL CORPORATION
 Definition
Term
NAFTA
 Definition
Term
NETWORKING
 Definition
Term
NEW EMPLOYEE ORIENTATION
 Definition
Term
OFFSHORE OUTSOURCING
 Definition
Term
OWNERS' EQUITY
 Definition
Term
PLACE UTILITY
 Definition
Term
PRICE SKIMMING
 Definition
Term
PRIVATE BRAND (STORE BRAND)
 Definition
Term
PRODUCT LIFE CYCLE
 Definition
Term
PRODUCT MIX
 Definition
Term
RECESSION
 Definition
Term
SALARY PAY SYSTEM
 Definition
Term
SARBANES-OXLEY ACT
 Definition
Term
SMALL BUSINESS
 Definition
Term
SMALL BUSINESS ADMINISTRATION
 Definition
Term
SOCIOECONOMIC MODEL OF SOCIAL RESPONSIBILITY
 Definition
Term
SOURCES OF EXTERNAL RECRUITING
 Definition
Term
SPAN OF CONTROL
 Definition
Term
STOCK-OUT COSTS
 Definition
Term
SUPERMARKET
 Definition
Term
TALL ORGANIZATIONAL STRUCTURE
 Definition
Term
TARGET MARKET
 Definition
Term
THEORY X/THEORY Y
 Definition
Term
TITLE VII OF THE CIVIL RIGHTS ACT OF 1964
 Definition
Term
TRADE CREDIT
 Definition
Term
TYPES OF UTILITY
 Definition
Term
UNEMPLOYMENT INSURANCE
 Definition
Term
UNFAVORABLE BALANCE OF TRADE
 Definition
Term
UNLIMITED LIABILITY
 Definition
Term
VARIABLE COSTS
 Definition
Term
ZERO-BASED BUDGETING
 Definition
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