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EOPA JGordon1

Entrepreneurship pathway

QuestionAnswer
Tactical Planning the process of developing detailed, short term statements about what is to be done, who is to do it, and how it is to be done
Decision Making choosing among two or more alternatives
Top management highest level of management, consisting of the president and other key company executives who develop strategic plans
Knowledge Management finding the right information, keeping the information in a readily accessible place, and making the information known to everyone in the firm
Profit the difference between revenue and expenses
Asset anything of value owned by a business
Securities shares (stocks) and bonds
Inventory the value of raw materials and stock
Bonds a loan for fixed period of time with fixed interest rate
Factoring using an outside company to recover debts, obtaining funding by selling account receivable
Created by: jgordon2018
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