Business Management State Review

Business has a legal environment to operate in, it must be aware and cautious of its polices

You apply for a job by filling out a 

The financial statement that is a snap shot and has things that are owned and owed.

A stock is a ______________________ and a bond is a _________________________________

What has limited liability, double taxation, and unlimited life

The organization of a business with clear lines of authority and reporting from top to bottom

Theory ______says people like work and find it natural, Theory ________ thinks people are lazy

What part of the company usually deals with hiring, benefits, pay, evaluations, etc ?

A management concept companies integrate social & environmental & stakeholder concerns into

Just-in-Time Inventory is when

The sell of goods to businesses and consumers in other countries is called

The presence of/introduction to the environment of a substance/thing that has harmful effects.

Lean manufacturing is when a firm uses less & less resources, lowers cost, & eliminates wastes 

What is a separate legal entity?  An artificial being in the eyes of law 

When branch locations can make most if not all decisions without HQ approval

Working from home by logging in your computer and phone system

Organizing everyone by the job the do in a company is called

Do you know the difference between balance sheet, cash flow, and income statements?

What does the management function of controlling deal with?

What is the difference between a patent and a trademark?

Hiring and promoting family members is known as 

The trek bicycle factory buys out a chain of bike stores

What types of questions are legal to ask in a job interview?

Herzberg's theories of management  (motivation-hygiene) have to do with job (dis)&satisfaction

A _______________________ turns in the place they work or others for violating the law.

Productivity measures outputs & inputs/the level of production compared to number of workers

A SWOT analysis in a business situational analysis tool-it looks at both internal and external 

Ethics is best known as 

A company can be centralized -decisions made by top management or decentralized and 

the most common type or form of business in the US, but responsible for small volume of sales

Outputs / inputs - especially in industry, as measured terms rate of output per unit of input.

when one country is relatively better at making an item than another country

The business decision making process is known as 

The Four FUNCTIONS of MANAGEMENT are

What do Government agencies like OSHA do? EPA, FTC, FDA? 

The 4 p's of marketing are 

The right to operate a business, using it's name, logo, products, and operating procedures

A cafeteria plan is a meal plan offered to employees to let them eat for less & spend more time

The SBA is 

Which of the 4'ps of marketing deal with cost plus, penetration, and skimming strategies?