Business Management State Review

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

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

A stock is a ______________________ and a bond is a _________________________________

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

The SBA is 

The 4 p's of marketing are 

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

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

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

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

Ethics is best known as 

Hiring and promoting family members is known as 

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

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

What has limited liability, double taxation, and unlimited life

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

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

What is the difference between a patent and a trademark?

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

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

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

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

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

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

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

Working from home by logging in your computer and phone system

You apply for a job by filling out a 

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

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

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

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

The trek bicycle factory buys out a chain of bike stores

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

What does the management function of controlling deal with?

The Four FUNCTIONS of MANAGEMENT are

The business decision making process is known as 

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

Just-in-Time Inventory is when