Term
| Touch keyboarding techniques |
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Definition
Position feet on floor for balance (don't cross).
Center body to the "H" key with elbows at sides.
Sit up straight.
Curve fingers over the home keys.
Keep wrists off the keyboard.
Keep eyes on printed copy.
Key by touch.
Key with a smooth rhythm |
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Definition
| connect all the personal computers in an institution to a central hub (the server); |
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Definition
| similar functionality of a LAN but has a much wider range |
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Definition
| tell the computer to repeat one or more instructions |
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Definition
| make your computer programs run different instructions depending on the value of specified data |
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Definition
| designed to have the look and feel of the C++ language, but it is simpler to use than C++ and enforces an object-oriented programming model. can be used to create complete applications that may run on a single computer or be distributed among servers and clients in a network |
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Definition
| BASIC, C, C++, COBOL, FORTRAN, Ada, and Pascal |
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Definition
| first major computer language; FORmula TRANslating system |
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Definition
| primarily used in business, finance, and administrative systems for companies and governments. |
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Definition
| starts by listing your work history, with the most recent position listed first; good for people with a solid, long work history |
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| used by people who are changing careers or have gaps in employment history; starts with skills and experience rather than work history |
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Definition
| a mix between a chronological resume and a functional resume. At the top of the resume is a list of one’s skills and qualifications. Below this is one’s chronological work history. highlight what makes you the best fit for the job, while still giving the employer all the information he or she wants. |
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Definition
| used to attract investment capital, secure loans, convince workers to hire one, and assist in attracting business partners. Shows whether a business has the potential to make a profit. |
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Definition
| the amount of money owed by customers or clients to a business after goods or services have been delivered or used |
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Definition
| those that will be converted to cash within one year (inventory, accounts receivable) |
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Term
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Definition
| long term and will likely provide a benefit to a company for more than one year (real estate, machinery) |
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Definition
| A financial report that summarizes a company's assets (what it owns), liabilities (what it owes) and owner or shareholder equity at a given time |
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Definition
| An accounting entry that may either decrease assets or increase liabilities and equity on the company's balance sheet, depending on the transaction. You credit what goes out of the account (right side of balance sheet) |
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Definition
| the left side of a ledger account; decrease to a liability account and an increase to an asset account |
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Definition
| payments like rent that will happen in a regularly scheduled cadence. |
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Term
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Definition
| expenses, like labor costs, that may change in a given time period. |
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Definition
| business expenditures not directly associated with the production of goods or services—for example, advertising costs, property taxes or insurance expenditures. |
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Definition
| states that all expenses must be matched in the same accounting period as the revenues they helped earn; used to avoid misstating earnings |
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Term
| revenue recognition principle |
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Definition
| revenues are recognized when they are realized or realizable, and are earned (usually when goods are transferred or services rendered), no matter when cash is received |
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Term
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Definition
| expenses are matched with the related revenues and/or are reported when the expense occurs, not when cash is paid. A transaction is recognized the moment that is occurs, rather than when the money is paid. (in the absence of cash) |
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Definition
| method of recording transactions for revenue and expenses only when the corresponding cash is received or payments are made |
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Term
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Definition
| Assets = liabilities + shareholders equity |
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Term
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Definition
| reports a company’s financial performance over a specific accounting period; shows the net profit or loss occurred over a specific accounting period (covers a range of time; yearly or quarterly; income and expense) |
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Definition
| merges the balance sheet and income statement; presents the movement in cash and bank balances over a period (operating, investing, financing). Provides important insights about the liquidity and solvency of a company. |
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Term
| statement of retained earnings |
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Definition
| outlines the changes in retained earnings for a specified period (aka statement of shareholders’ equity); includes net income/dividends; improves market and investor confidence in the organization |
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Term
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Definition
| refer to any profit made by an organization that decides to keep it for internal use (paying debt, promote company growth or development); recorded under the shareholders’ equity on the balance sheet |
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Term
| statement of retained earnings |
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Definition
| RE = Beginning RE + Net Income – Dividends |
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Term
| statement of shareholders' equity |
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Definition
details the changes within the equity section of the balance sheet over a designated period; useful for revealing stock sales and repurchases by the reporting entity
i. Common stock
ii. Retained earnings
iii. Treasury stock
iv. Accumulated other comprehensive income
v. Totals column |
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Term
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Definition
| the scientific theory of management is considered better suited to businesses based on repetitive tasks, such as a factory. |
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Term
| classical (scientific) management |
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Definition
Company leadership should develop a standard method for doing each job using scientific management.
Workers should be selected for a job based on their skills and abilities.
Work should be planned to eliminate interruptions.
Wage incentives should be offered to encourage increased output. |
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Term
| administrative management |
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Definition
attempts to find a rational way to design an organization as a whole; The theory generally calls for a formalized administrative structure, a clear division of labor, and delegation of power and authority to administrators relevant to their areas of responsibilities.
top-down approach |
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Term
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Definition
very organized with a high degree of formality in the way it operates. Organizational charts generally exist for every department, and decisions are made through an organized process.
top executives; regional managers; department managers; shift managers; employees |
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Term
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Definition
assumes that people want to work, that they're responsible and self-motivated, that they want to succeed and that they understand their own position in the company hierarchy.
Treating employees as if work is as natural as play or rest, just as motivational theory states (theory Y)
2. Sharing the big-picture objectives toward which their work is aimed
3. Empowering them to innovate and make as many independent decisions as they can handle
4. Training and developing them, increasing freedom and responsibility as their capabilities grow
5. Providing appropriate recognition and rewards when they achieve company goals |
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Term
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Definition
| most prominent management theory today; coordination between every department |
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Term
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Definition
Douglas McGregor; Theory X assumes that individuals are base, work-shy and constantly in need of a good prod (authoritative).
Theory Y, however, assumes that individuals go to work of their own accord, because work is the only way in which they have a chance of satisfying their (high-level) need for achievement and self-respect |
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Term
| Maslow's Hierarchy of Needs |
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Definition
| a description of the needs that motivate human behavior |
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Term
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Definition
| food, water, warmth (shelter), sleep |
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Definition
| security of body, employment, family,health |
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Definition
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Definition
| prestige and feeling of achievement; respect of others and self |
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Definition
| achieving one's full potential; morality, creativity |
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Term
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Definition
| hierarchical models used to classify educational learning objectives into levels of complexity and specificity |
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Term
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Definition
| recall basic facts (define, duplicate, list) |
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Definition
| explain ideas or concepts (classify, describe, discuss) |
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Definition
| use information in new situations (implement, solve, interpret, experiment, demonstrate, illustrate) |
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Definition
| draw connections among ideas (examine, experiment, question, defend) |
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Definition
| justify a stand or decision (appraise, argue, defend) |
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Term
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Definition
| produce new or original work (design, assemble, author, formulate) |
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Term
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Definition
| In this style, the manager tells the employees what to do. If the employees fail to fall in line, they face consequences. Employees are motivated mostly through fear of discipline. The company has specific, clear policies that employees must follow. Management isn’t interested in hearing feedback from employees. |
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Term
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Definition
| management seeks employee feedback before making decisions. Management takes employee concerns about the workplace seriously. This may include an open-door policy, where employees can drop in on managers any time to talk about what’s working and what isn’t. |
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Term
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Definition
| managers still retain control of making decisions, however they make every attempt to help employees see why management’s decisions are the best for the company |
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Term
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Definition
| decisions are made by a majority with a real stake for the employees; collaborative process in which employees and management work together to make decisions (fairness, competence, creativity, courage, intelligence and honesty |
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Term
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Definition
| managers cede all control to employees without putting specific structures in place for decision making |
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Term
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Definition
| the manager is more of a mentor than leader; gives authority to employees – least effective |
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Term
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Definition
| involves a leader that is essentially the head of an organization |
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Term
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Definition
| being clear, focusing on expectations, giving feedback; maintains or continues the status quo |
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Term
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Definition
| teaching and supervising followers; motivates, inspires, and encourages (where performance or results need improvement) |
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Term
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Definition
| creating and sustaining a vision for an organization; focused individual who can inspire his team to reach an organizational goal |
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Term
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Definition
| transformation of followers values and beliefs; relies on the charm and persuasiveness of the leader |
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Term
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Definition
| personal space; use of space |
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Term
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Definition
| communicating through touch |
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Term
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Definition
| study of the role of time in communication |
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Term
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Definition
| body movement and gestures |
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Term
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Definition
| one person alone; person will have unlimited liability for all the debts and the income or loss reported on their personal income tax report |
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Term
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Definition
| each of the two or more partners will have unlimited liability for the debts of the business; each partner reports his loss or profit as one line of his personal tax return |
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Term
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Definition
| each of the partners has unlimited liability for the debts, but the limited partner’s exposure to the debts of the partnership is limited to the contribution each has made to the partnership |
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Term
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Definition
| provides limited liability for the investors; none of the shareholders in a corporation is obligated for the debts; creditors can only look to the corporation for payment |
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Term
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Definition
| income/losses are taxed at the individual level of the shareholders’; no double taxation; strict guidelines domestic, shareholders have to be individuals, 100 or fewer shareholders and one class of stock |
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Term
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Definition
| default; money is taxed at the corporate level company must pay taxes on money made (double taxation) |
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Term
| limited liability corporation |
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Definition
| members of the company cannot be held personally liable for the company’s debts or liabilities; combine the characteristics of a corporation and partnership; must be dissolved upon death or bankruptcy (money is taxed only once at the individual level/business owners) |
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Term
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Definition
a plan, procedure, or rule of action followed for the purpose of securing consistent action over a period of time
a. Identifying, evaluating and reducing losses |
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Definition
| centralizes decision making with the owner; used by small businesses; does not have formal departments and layers of management |
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Term
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Definition
| every entity in the organization, except one, is subordinate to a single other entity. Singular/group of power at the top with subsequent levels below |
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Definition
| a combination of factors that can be controlled by a company to influence consumers to purchase its products |
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Term
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Definition
| product, price, place , and promotion |
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Term
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Definition
| links the services and products of a company to a social cause or issue |
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Definition
| focused on customer building; customer loyalty |
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Definition
| marketing the product while customers remain unaware of the marketing strategy |
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Term
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Definition
| retailers encourage customers to buy with shopping coupons, discounts, and huge events |
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Term
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Definition
| set a low price to increase sales and market share; once the market share has been captured the firm will increase price |
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Definition
| sets an initial high price and then slowly lowers the price to make the product available to a wider market |
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Definition
| setting a price in comparison with competitors |
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Definition
| pricing different products within the same product range at different price point |
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Definition
| price is set high to indicate that the product is “exclusive” |
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Definition
| seller will consider the psychology of price and the positioning of price within the market place (.99 instead of $1) |
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Definition
| deals with the rules for securing and enforcing legal rights to inventions, designs, and artistic works; intangible assets (trademarks, copyrights, patents) |
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Term
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Definition
| broad area of law encompassing all areas of the employer/employee relationship; protects employees from unfair labor practices |
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Term
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Definition
| computer crime, software copyright |
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Term
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Definition
| body of law that relates to crime; concerned with the punishment of those that commit crimes |
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Term
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Definition
| area of law that governs the various forms of ownership and tenancy in real property (land as distinct from personal or movable possessions) and in personal property, within the common law legal system. |
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Definition
| a body of rules established by custom or treaty and recognized by nations as binding in their relations with one another |
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Term
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Definition
a civil wrong that unfairly causes someone else to suffer loss or harm resulting I legal liability for the person who commits the act
i. Duty
ii. Breach of duty
iii. Causation
iv. Injury |
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Definition
| an original economic system in which traditions, customs, and beliefs help shape the goods and services the economy produces; rural and farm based |
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Definition
| economy in which production, investment, prices, and incomes are determined centrally by a government; communist society |
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Term
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Definition
| little government intervention or central planning; supply and demand |
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Definition
| features characteristics of both capitalism and socialism; protects private property and allows a level of economic freedom in the use of capital, but also allows for government to interfere |
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Definition
| free from government intervention |
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Definition
| protects investors and seeks to maintain fair, orderly, and efficient markets, and facilitate capital formation(buying and selling of securities) |
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Term
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Definition
| enforces federal safety standards |
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Term
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Definition
| administers and enforces Title VIII of the Civil Rights Act (fair employment) |
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Definition
| establishes and enforces pollution standards |
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Term
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Definition
| insures bank deposits, approves mergers, and audits bank practices |
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Definition
| ensures free and fair competition and protects consumers from unfair or deceptive practices |
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Definition
| develops and enforces federal standards and regulations ensuring work conditions |
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Term
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Definition
| an agreement signed by Canada, Mexico, and the United States, creating a trilateral trade bloc in North America |
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Term
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Definition
| It is an organization for trade opening. It is a forum for governments to negotiate trade agreements. It is a place for them to settle trade disputes. It operates a system of trade rules. Essentially, the WTO is a place where member governments try to sort out the trade problems they face with each other. |
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Term
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Definition
| A trade bloc is a type of intergovernmental agreement, often part of a regional intergovernmental organization, where barriers to trade (tariffs and others) are reduced or eliminated among the participating states |
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Definition
| A schedule or system of duties imposed by a government on goods imported or exported; the rate of duty imposed in a tariff. |
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Definition
| a type of instruction that happens when a teacher conveys information directly to students, and structures a class to reach a clearly defined set of goals |
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Term
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Definition
| is a voluntary arrangement between 2 or more parties which is enforceable by law as a binding legal agreement; |
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Term
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Definition
| offer; acceptance; consideration; mutuality of obligation; competency and capacity; and sometimes a written instrument |
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Definition
| the law relating to the transfer of ownership of property from one person to another |
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Definition
| laws designed to protect consumers against unfair trade and credit practices involving faulty and dangerous goods or dishonest claims or tactics; holds sellers of goods and services accountable |
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Term
| NBEA (National Business Educators Association) |
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Definition
| the nation’s leading professional organization devoted exclusively to serving individuals and groups engaged in instruction, administration, research, and dissemination of information for about business; committed to the advancement of the professional interest and competence of its members |
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Term
| Association for Career and Technical Education (ACTE |
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Definition
| largest national education association dedicated to the advancement of education that prepares youth and adults for careers |
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Term
| International Society for Business Education (ISBE) |
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Definition
| professional organization promoting education about business for students at all levels of education; provide a network to promote international business education |
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Term
| Business Professionals of America |
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Definition
| for students pursuing careers in business management, office administration, information technology and other related career fields |
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Term
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Definition
| career and technical student organization who helps students transition to the business world; one of the largest student-run organizations in the US. Connected to the school’s business education department |
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Definition
| professional association for business technology and marketing education |
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Definition
| education program that combines online digital media with traditional classroom methods |
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Definition
| teacher-centered; starts by given learners rules, then examples, then practice; students passively receive information |
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Definition
| starts with examples and then asks learners to find rules, more learner-centered |
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Definition
| "people" skills; problem-solving, collaboration, time management |
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Definition
| the attempt to acquire sensitive information such as usernames, passwords, and credit card details directly from users. |
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Term
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Definition
| a network security system that monitors and controls the incoming and outgoing network traffic based on predetermined security rules; typically establishes a barrier between a trusted, secure internal network and another outside network, such as the Internet, that is assumed not to be secure |
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Definition
| the process by which companies, especially U.S.-based companies, move overseas to reduce the tax burden on income. |
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Definition
| the act of a government in taking privately owned property, ostensibly to be used for purposes designed to benefit the overall public |
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Definition
| the process of transforming private assets into public assets by bringing them under the public ownership of a national government or state; may occur with or without compensation to the former owners |
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