Business 2 Review

The process of doing something in order to achieve a purpose. This is worked out in advance

What are cash flow operations?

Which negative element does NOT impact credit history?

This accounting principle requires that expenses be matched with revenues in the period they happend

Costs that don't change based upon the number of items produced are called what?

What is the BEST way to manage risk?

What is risk propensity

The process of analyzing and adjusting the basic financial plan to correct for forecasted events that may materialize.

What item does not appear on the asset side of a balance sheet?

Employee's withholding allowance certificate form that specifies the number of allowances claimed

Which level of management supervise employees who actually carry out tasks determined by other levels of management

Denial of opportunities to individuals on the basis of some characteristic

A bar graph that shows what projects are being worked on and how much has been completed

Which of the following would be considered top level management?

Costs incurred in operating the business, such as the cost of materials used to manufacture the company's products

What are the four phases of the business cycle?

The process of analyzing exposure to risk and determining how to best handle such exposure

Which of the following is the correct square footage for a room measuring 12' x 12'?

An electronic message that contains abusive, threatening, or offensive content that may violate company policy or law

Costs that change in direct proportion to changes in sales volume, such as raw materials and utilities

The advancement of skills or expertise to succeed in a particular profession, especially through continued education

Which of the following is an example of a liability?

What is an impression (in customer relations)?

A fiscal policy used to encourage economic growth, often through increase spending or tax cuts

What organizational structure does top management share decision making with self-managing teams who set their own goals

A balance sheet is a financial statement about a company's what?

What is customer relations?

Which of the following best describes the meaning of ergonomics?

Which of the following activities would be a task for middle management?

What is a balance sheet?

The examination of something in detail in order to understand it better or draw conclusions form it

What is the number one cause of injury in the workplace?

What item does not appear on the liability side of a balance sheet?

What does the Bureau of Labor Statistics use to measure inflation?

What organizational structure has a hierarchical, up/down structure?

Which level of management implements decisions of top management and plans how departments can reach top mgmt. goals

How is net income computed?

For best use of small spaces which of the following should be considered?

What is the basic accounting equation?

What are samples of business forms?

Income earned for the period, such as from the sales of goods and services

The process of analyzing, classifying, recording, summarizing, and interpreting business transactions in financial terms

What is a commercial bank?

What does the acronym SWOT stand for in Marketing?

Which of the following is not an example of an asset?

The effective acquisition and use of money.

Refers to range of skills, tools, and techniques used to manage time when accomplishing specific tasks, projects, goals

What is channel of communication?

What is financial control?

What are some of the best ways to develop market share?

What is the correct order of steps in composing an effective email from a company to a vendor?

Which information is LEAST likely to be considered when formulating a project plan?

What is financial management?

What is the impact of an ergonomic workplace on the productivity of the workforce?

What is a credit union?

Preparing alternative courses of action if primary plans don't work

What is an income statement also known as?

What is the theory behind economies of scale?

What is a Cash Flow Statement?

Which element should NOT be included in a marketing plan?

The process of comparing financial data from year to year in order to see how they have changed

Mrs. Johnson's total earnings are $1479.00. If the tax rate is 6.2%, what is her Social Security tax deduction?

Assets, liabilities, and owner's equity are the three main parts of what financial document?

What is a budget?

What type of interview is the applicant put under pressure through rapid succession of questions, hostility or argument

What is a way for companies to track their positioning or market share?

What type of interview does the applicant show skills by performing job duties?