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1.01 Key Terms
Careers in Business
| Question | Answer |
|---|---|
| Accounting | The process of keeping and interpreting financial records |
| Administrative Services | A career area in which employees facilitate business operations through a variety of administrative and clerical duties, including information and communication management, data processing and collection, and project tracking |
| Banking Services | A career area in which employees are primarily concerned with accepting deposits, lending funds, and extending credit to bank customers |
| Business Information Management | An umbrella term covering those careers that provide a bridge between business processes/initiatives and IT (Information Technology) |
| Corporate Finance | A function in a company that manages policy and strategy for (and the implementation of) capital structure, budgeting, acquisition and investment, financial modeling and planning, funding, dividends, and taxation |
| Creativity | The ability to generate unique ideas, approaches, and solutions |
| Enthusiasm | Intense interest or excitement |
| Finance | The process of obtaining funds and using them to achieve goals for the business |
| Flexibility | The ability to adapt to changes as they occur |
| General Management | A career area in which employees focus on planning, organizing, directing, and evaluating part or all of business organization through the allocation and use of financial, human, and material resources |
| Human Resource Management | A career area in which employees focus on the staffing activities that involve planning, recruitment, selection, orientation, training, performance, appraisal, compensation, and safety of employees |
| Insurance | A contractual agreement in which one company (insurer) will pay for specified losses incurred by the other company (insured) in return for installment payments (premium) |
| Marketing | An organizational function and a set of processes for creating , communicating, and delivering value to customers and for managing customer relations in ways that benefit the organization and its stakeholders |
| Marketing Communications | A career area in which employees focus on marketing activities that inform, remind, and/or persuade the targeted audience of ideas, experiences, goods/services, and/or images |
| Marketing Management | A career area in which employees focus on marketing functions including channel management, marketing information management, pricing, product/service management, promotion, and selling |
| Marketing Research | A career that involves the systematic gathering, recording, and analyzing of data about problems relating to the marketing of goods and services |
| Merchandising | The process of having the right goods in the right place at the right time in order to make a profit |
| Operations Management | A career area in which employees focus on planning, organizing, coordinating, and controlling the resources needed to produce/provide a business's goods and/or services |
| Securities and Investments Industry | The total of businesses consisting of brokerage firms, investment banks, and stock exchanges, all of which support the flow of funds from investors to companies and institutions |
| Self Confidence | A positive belief in your own talents, skills, and objectives |
| Selling | A marketing function that involves determining client needs and wants and responding through planned, personalized communication that influences purchase decisions and enhances future business opportunities |
| Trustworthiness | Reliability; the quality of deserving others' confidence |
Created by:
estefany.f158
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