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3.01 vocabulary
Business Activities
Term | Definition |
---|---|
goals | objectives that business will achieve |
business for profit | operates to make money |
financial analysis | the process of planning, maintain monitoring ,controlling, reporting |
mission | makes money to fulfill financial goals |
debt | taking out loans that require principal and interest repayment over time |
angel investors | long term growth |
overhead | takes to run the business |
debt | money owned |
bonds | somewhat like taking out loans |
Equity | what the business owns or controls minus debt |
accounting | keeping accurate and useful financial records |
expenses | the cost required for something or the money spent on something. |
income | money received |
Human resources management | looks after the hiring, management and firing of staff |
supervisors | foreman, boss, overseer, etc... |
managers | a professional who takes a leadership role in an organization and manages a team of employees |
executives | a person with senior managerial responsibility in a business organization. |
Recruiting | the right person for the job |
Orienting | looking at employees performance and there compensation |
Information management | is the process of knowledge, facts, or data |
database | stored electronically in a computer system or some type of system |
technology | used to manage information |
Marketing | the process of creating, have value for customers/clients |
credit | money you can borrow |
Operations | day-to-day activities required |
manufacturing | makes the good |
Quality control | meets predetermined standard |
Purchasing | business acquiring the goods and services |
Inventory management | overseeing and controlling |