7th Business & Marketing Review Flashcard

Front

What is the process of recording, maintaining, and reporting an organization’s financial transactions and records called?

Back

Accounting

Front

Which term refers to a for-profit or non-profit organization involved in commercial, industrial, or professional commerce?

Back

Business

Front

What focuses on the management of assets, liabilities, equity, and cash flow of an organization?

Back

Finance

Front

Which business function is responsible for recruiting, hiring, onboarding, training, evaluating, and terminating employees?

Back

Human Resources

Front

What involves people, processes, and systems that collect, organize, store, and secure relevant data and information?

Back

Information Management

Front

What is the enterprise and pursuit of ideation, creation, communication, and delivery of profitable products and services called?

Back

Marketing

Front

What is a company's purpose and its reason for being?

Back

Mission

Front

What term describes the daily functioning of an organization, managing inputs and outputs?

Back

Operations

Front

What is a route or plan of action designed to achieve certain goals and objectives?

Back

Strategy

Front

What is an aspirational view of the future that describes how a company might look if it accomplishes its mission?

Back

Vision