BM I 1.01 Vocab

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Accounting

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The process of keeping and interpreting financial records

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Administrative services

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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

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Banking services

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A career area in which employees are primarily concerned with accepting deposits, lending funds, and extending credit to bank customers

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Business information management

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An umbrella term covering those careers that provide a bridge between business processes/initiatives and IT (information technology)

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Corporate finance

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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

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Flexibility

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The ability to adapt to changes as they occur

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General management

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A career area in which employees focus on planning, organizing, directing, and evaluating part or all of a business organization through the allocation and use of financial, human, and material resources

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Human resource management

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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

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Insurance

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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)

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Marketing

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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