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IBSL BUS. MGNT. Flashcards | StudBud
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IBSL BUS. MGNT.
IBSL BUS. MGNT.
90 terms
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Flashcards
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Practice quiz
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Questions
90
Answers
1
Working Capital Cycle: Money used for daily running of the business
False
True
2
4 Management Style: Autocratic, Paternalistic, Democratic, Situational
False
True
3
Vertical Integration
Florence
Rosneyda
Companies merge in same sector -more marketing, competition, and add value
Merge w diff sectors
4
Ansoff Matrix consists in what order?? (top left to right, bottom left to right)
Diversification, MP, MD, & PD
MD, PD, MP, & Diversification
PD, MP, MD, & Diversification
MP, PD, MD, & Diversification
5
Disadvantages of External Growth
Greater Risk
Need to restructure
Regulatory
Slower growth
6
Define for-profit social enterprise (public sector)
a business that generates profit(surplus) to improve the community
organization that offer finance to small business breaking cycle of poverty
State owned organizations operated by the gov to generate a profit for gov
Organization that offers finance to small business
7
Employees motivated by money is what Theory?
Mr. Hogan
Fredrick Winslow Taylor
Herzberg
Abraham Maslow
8
Telework: tech to get the job done
False
True
9
Delayering: Restructure the organization (fire/laid off, transferred)
False
True
10
Business Function: Marketing
sells
deals w ppl
delivery of goods and services
manages money
11
Define Cost Push
Adjusting taxes
People spend $
Adjusting money supply through interest rates
Cost more to produce
12
Business Function: Operations
delivery of goods and services
deals w ppl
manages money
sells
13
Employees motivated by job satisfaction and dissatisfaction is what Theory?
Abraham Maslow
Herzberg
Fredrick Winslow Taylor
Mr. Hogan
14
Define corporation
a business that allows people to invest in it.
The extraction of natural resources
a business
specialize in it
15
Define Remuneration
Benefits (fringe) a person receiving more
continue queens
yuh
ranking priority level of interest
16
Dis. of Wide Span of Control Delegation
All of above
Immense pressure among managers
A and D
Little room for promotion
17
Dis. of Narrow Span of Control
Immense pressure among managers
A and B
Expensive
Out of touch w corporate identity
18
Define private limited company (PLC)
business that only allows internal investment usually family and friends.
BILLS !!!!
business that only allows internal investment from everybody
Companies merge in same sector -more marketing, competition, and add value
19
STEEPLE
Soar, Tech, Epic, Eve, Pull, Late, Eat
PLEASEEEE
Social, Technology, Economic, Environmental, Political, Legal, Ethic
Society, Technical, Employee, Employer, Political, Law, Ethics
20
Flex Time: Unadjustable work schedule
False
True
21
BE Formula
FC + VC(Q) = P(Q)
Demand - BE
(MOS) (Unit Contribution)
FC/ Unite contribution
22
SWOT
Strength, Weakness, Opportunities, Threat
SWOT
Serve, Weakness, Opp, Treat
Save, Water, October, Thursday
23
IRA: Money goes in tax-free, comes out taxed
True
False
24
Labor Turnover: % of worker who leave a job in a given period of time.
True
False
25
Who is an External Stakeholders?
Govt: want it to be successful to collect taxes
All of above.
Suppliers: build strong relationships
Local Community: concerned about employment
26
Advantages of External Growth
Better control
Relative Inex.
Reduced competition
Synergies
27
Assets: thing you don't
own
False
True
28
Advantages of Internal Growth
Less risky
Maintains Corporate Culture
Relative Inex.
Better control
29
what is it when you go from private to public
IPO
PMO
OPI
Floatation
30
Define partnership
business that use it profit for a social cause
business owned by an individual person
business owned by two or more people
business that is operated with the government
31
How does a business happens?
Business Plan and obtain money
All above.
register and set-up bank account
market
32
Franchisor:
sells
or
grant
a franchise for the sale of goods or the operation of service.
True
False
33
Disadvantages of LTD
Lack of privacy and High cost to comply w rules & regulation
lack of investment
limited liability
Live, Love, Laugh
34
Define External Stakeholders
Ranking priority level of interest
External Environment
Concerned day to day. A shareholder is an internal stakeholders.
Not concerned day to day
35
Roth IRA: Money goes in taxed-free, comes out tax-free
False
True
36
Diseconomies OS
Purchasing and Risk-bearing
All of above
Managerial and specialization
Marketing
37
Job enlargement: Change up duties (Job rotation)
False
True
38
The 4 Key Concepts: Creativity, Sustainability, Ethics, and Change
False
True
39
Revenue Expenditures: money spent on purchasing
variable
assets
False
True
40
MOS Formula
Demand - BE
FC + VC(Q) = P(Q)
(MOS) (Unit Contribution)
FC/ Unite contribution
41
Liquidity: how
slow/fast
you turn current assets into money cashflow
True
False
42
Tertiary Sector
manufactoring
knowledge based industry
extracting resource
offers a service
43
Define micro-finance
Organization that offers finance to small business
organization that offer finance to small business breaking cycle of poverty
State owned organizations operated by the gov to generate a profit for gov
a business that generates profit(surplus) to improve the community
44
Profit/Loss Formula
FC/ Unite contribution
FC + VC(Q) = P(Q)
Demand - BE
(MOS) (Unit Contribution)
45
Homework: Office at school
False
True
46
Define Monetary Policy
People spend $
Adjusting taxes
Adjusting money supply through interest rates
Cost more to produce
47
Stakeholders Conflicts
Internal vs Internal
Internal vs External
Internal vs External
External vs External
48
Business Function: Finance
manages money
deals w ppl
sells
delivery of goods and services
49
Delayering: Restructure the organization (fire/laid off, transferred)
False
True
50
Define Sole Trader
business owned by an individual person
business that use it profit for a social cause
business owned by multiple people
business that is operated with the government
51
Ansoff Matrix is....
to construct and analyze
Anyone who has an interest in how a business run
% of sales revenue for a business opportunity in a market.
a tool that helps managers to evaluate grow strategies.
52
A business is an organization that tries to meet the needs of the people by: input, process and output.
False
True
53
Horizontal Integration
Florence
Johan
Merge w diff sectors
Companies merge in same sector -more marketing, competition, and add value
54
Advantages of LTD
limited liability, Shareholders, more control
MUSTARDDDDDD
Limited liability and obtain money from investors
Lack of privacy and High cost to comply w rules & regulation
55
Quartemary Sector
offers a service
manufactoring
extracting resource
knowledge based industry
56
Internal EOS
Bureaucracy
Poor waiting relationship and lower productivity efficiency
All of above
Lack of control and coordination
57
selling your product
Internal Finance
External Finance
Working capital
Retained Profits
58
Recruitment & Hiring Process
BILLS
BILLS
fire them or re-train
Ad., job desc, interview, check ref, offer position, create contract, train
59
What is this?
Bills
Product life cycle
Boston Matrix
60
Adv. of Narrow Span of Control
Greater specialization
team work concept
Opportunities for promotion
All of above
61
Define Fiscal Policy
Adjusting money supply through interest rates
Adjusting taxes
People spend $
Cost more to produce
62
Somebody is giving you money
Internal Finance
External Finance
Working capital
Retained Profits
63
Advantages of a PLC
limited liability, more capital, stock exchange
business that use it profit for a social cause
limited liability, Shareholders, more control
Companies merge in same sector -more marketing, competition, and add value
64
Secondary Sector
extracting resource
offers a service
manufactoring
knowledge based industry
65
What is this?
Product life cycle
Boston Matrix
Bills
66
Disadvantages of Internal Growth
Slower growth
All of above
Need to restructure
Diseconomies of sale
67
Define Public Limited Corporation(LTD)
a business where anyone can invest
Je ne sais pas.
Companies merge in same sector -more marketing, competition, and add value
business that only allows internal investment usually family and friends.
68
Why Start a business?
CHICKEN JOCKEYYYY
Security and make money/earnings
autonomy, transference, and hobbies
Challenge and growth
69
Joint Venture: One company & another company join and create third company for
unlimited
time.
False
True
70
Adv. of Wide Span of Control Delegation
Quicker + more accurate communication
All of above
cheaper due to less levels
Less alienation from top level
71
What Theory?
Abraham Maslow
Fredrick Winslow Taylor
Herzberg
Mr. Hogan
72
Foundation: Mission/ Goals Dis.
expensive and time consuming to monitor by manager
Gives direction only
Gives direction and motivation
gives nothing
73
Define Internal Stakeholders
Not concerned day to day
External Environment
Ranking priority level of interest
Concerned day to day. A shareholder is an internal stakeholders.
74
What is Vision/Mission Statement?
a business that generates profit(surplus) to improve the community
Dream of where a company would like to be - Purpose (obtain(mission))
CHAT
Gives direction
75
Market Share: measures what portion of the total market's sales is held by one organization
False
True
76
HR 5R's: Recruitment, Resources, Reservations, Returns, Reputation
True
False
77
Money not spent on expenditures
Working capital
Retained Profits
Internal Finance
External Finance
78
Define public sector
goverment funds but not control it
goverment owned and operated business
businesses owned and controlled by individuals
not a business at all
79
3 E's
Empower
All of above
Enrichment
Enlargement
80
Define Discount Rate
People spend $
Adjusting taxes
Interest rate, FED bank charges memeber bank
Adjusting money supply through interest rates
81
Foundation: Mission/ Goals Adv.
Gives direction only
gives nothing
expensive and time consuming to monitor by manager
Gives direction and motivation
82
Disadvantages of PLCs
limited liability
I dunno...
lack of investment from outside business
autonomy
83
Define for-profit social enterprise (private sector)
State owned organizations operated by the gov to generate a profit for gov
Organization that offers finance to small business
CHICKEN WINGSSSS
a business that generates profit(surplus) to improve the community
84
Define Market Share
% of sales revenue for a business opportunity in a market.
a tool that helps managers to evaluate grow strategies.
Anyone who has an interest in how a business run
to construct and analyze
85
Primary Sector: extracting resources such as farming, coal, oil, wind solar, etc.
False
True
86
Business Function: HR
deals w ppl
sells
manages money
delivery of goods and services
87
Define Demand Pull
People spend $
Adjusting money supply through interest rates
Cost more to produce
Adjusting taxes
88
Franchisee:
holding
a franchise for the sale of goods or operation of service
True
False
89
Capital Expenditures: money spent on purchasing
fixed
assets
False
True
90
Define private sector
businesses owned and controlled by individuals
goverment owned and operated business
not a business at all
goverment funds but not control it
