Top Business Flashcards

It’s business as usual. Business is the thing that has helped some people reach the height of power and has thrown others on the streets. The business environment is unforgiving with the ones that do not have enough experience and commit mistakes, but is extremely rewarding with the people that are looking to create something meaningful.

Are you curious about the more interesting aspects of business? Then why not look at the samples we prepared for you? Facts and figures that are collected, analyzed and summarized for presentation and interpretation are called what? In a data set, the number of observations will always be the same as the number of what? What is controlling in entrepreneurship? See all of the other questions in our business trivia.

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Flashcards: Business Management  |  Entrepreneur  |  Small Business  |  Partnership  |  Administration  | 

Business Flashcards

  • Side A: Scarcity
    Side B: The condition in which human wants are forever greater than the available supply of time, goods, and resources.

  • Side A: Resources
    Side B: The basic categories of inputs used to produce goods and services. Also called factors of production. Economists divide resources into three categories: land, labor, and capital.

  • Side A: Land
    Side B: A shorthand expression for any natural resource provided by nature.

  • Side A: corporation
    Side B: influenced by state corporate laws, use of capital stock or share system, development of a variety of ownership interests

  • Side A: preferred and common
    Side B: types of shares

  • Side A: common
    Side B: may have more than one class type

  • Side A: global business
    Side B: the buying and selling of gods and services by people from different countries

  • Side A: multinational corporation
    Side B: a corp that owns businesses in two or more countries

  • Side A: direct foreign investment
    Side B: a method of investment in which a company builds a new business or buys and existing business in a foregin country

  • Side A: interdependence of business functions
    Side B: identifying business functions — relationship to value chain • coordinating business functions – planning and controlling – functional and market structures – division of labour – span of control – chain of command • interrelationship between business functions

  • Side A: operations – manufacturing/services
    Side B: • the role of operations • organising operations – purchasing/supply chain management – rostering and scheduling – task design, plant/office layout, warehousing – technology, robotics, CAD/CAM (computer aided design and computer aided manufacture) • control including inventory control and quality management • records management

  • Side A: employment relations 1
    Side B: the role of employment relations • the human resource cycle – acquisition — identifying staffing needs, recruitment, selection – development — training, development and maintenance of databases – maintenance — monetary/non monetary benefits – separation — voluntary/involuntary