Shared Flashcard Set

Details

Chapter 1 computer vocab
computer vocabulary
29
Computer Networking
8th Grade
12/12/2011

Additional Computer Networking Flashcards

 


 

Cards

Term
Business
Definition
An organization that produces or sidtributes a good or service for profit.
Term
Production
Definition
Involves making a product or providing a service.
Term
Manufacturing firms
Definition
Business that provide assistance to satisfy specialized needs through skiled workers.
Term
Finance
Definition
Deals with all money matters related to running a business.
Term
Industrial business
Definition
Firms that produce goods that are often used by other businesses or organizations to make things
Term
Third world nations
Definition
countries that are undeveloped, have few manufacturing firms, and have large numbers of poor people who posses few goods.
Term
Commercial Businesses
Definition
Firms engaged in marketing, in finance, and in furnishing services.
Term
Services
Definition
Activities of values that do not result in the ownership of a physical product.
Term
Inustry
Definition
A word often used to refer to all businesses within a category.
Term
Global Competition
Definition
The ability of profit-making organizations to compete with ther businesses in other contries.
Term
Effectiveness
Definition
Occurs when an organization makes the right decision in deciding what products or services to offer customers or other users.
Term
Efficiency
Definition
Occurs when an organization producess needed goods or servicesoquickly at low cost
Term
Domestic Goods
Definition
Products made by firms in the United States.
Term
Foriegn Goods
Definition
Products made by firms in other countries.
Term
Total Quality Management
Definition
A commitment to exellence that is accomplished by teamwork and continual improvement.
Term
Output
Definition
The quanity or amount produced within a given time.
Term
Productivity
Definition
Producing the largest quanity in the least time by using effecient methods and modern equipment.
Term
Mass Production
Definition
An assembly process in which a large number of products is produced.
Term
Downsize
Definition
Cutting back on the goods and services provided and thereby ahrinking the size of a firm and the number of employes
Term
Empowerment
Definition
letting workers decide how to perform their work task.
Term
Gross Domestic Product
(GDP)
Definition
Thw total market valued of all goods produced and serviced provided in a country, in a year.
Term
Underground Economy
Definition
Income that escapes the GDP.
Term
Entrepreneur
Definition
A person who starts, manages, and owns a business.
Term
Small business
Definition
The term applied to any business that is operated by one or a few individuals.
Term
Franchise
Definition
A legal aggreement between a company and a distributer to sell a product under special conditions.
Term
Franchisor
Definition
The parent company of a franchise agreement that divides the product or service.
Term
Franchisee
Definition
Distributer of a franchised product or service
Term
Intrapreneur
Definition
An employee who is given funds and freedom to create a special unit or department within a company in order to develope a new product, process, or service.
Term
Employee stock ownership plan
(ESOP)
Definition
A benefit plan that gives company stock as bonuses or allows employees to purchase the stock at a discount.
Supporting users have an ad free experience!