Rivalry among businesses to attract customers.

A period of economic growth and success.

A severe and prolonged downturn in economic activity.

A period of economic improvement following a recession or depression.

Moral principles that govern behavior.

Actions that do not conform to accepted moral standards.

An individual who starts and runs a business.

A business owned by two or more people.

A legal entity that is separate from its owners.

Shares representing ownership in a corporation.

Entities that create goods or services.

Businesses that change raw materials into finished products.

Companies that produce goods on a large scale.

A business that operates under the name and business model of another company.

Nonprofit Organization

An organization that operates for purposes other than making a profit.

Social Responsibility

The obligation of a business to contribute to society.

A business owned and operated by one person.

A business that sells goods in large quantities at lower prices to retailers.

A business that sells goods directly to consumers.

The power to make decisions and issue orders down the chain of command.

An individual responsible for controlling or administering an organization or group of staff.

A retirement savings plan sponsored by an employer.

A system in which employees receive a share of the profits of the business.

Centralized Organization

An organization in which decision-making authority is concentrated at the top.

Decentralized Organization

An organization in which decision-making authority is distributed throughout.

Executives responsible for the overall direction of the organization.

Managers who implement the policies and plans of top management.

Managers who are responsible for the daily operations of a business.

A document that describes the responsibilities and duties of a job.

Payment or benefits received for services or employment.

A retirement plan that provides a monthly income in retirement.

Training provided to employees at their workplace while they are doing the job.

The process of introducing new employees to a company.

Advancement to a higher job position.

The act of moving an employee to a different job or location.

A strategy for managing an organization.

The process of finding and hiring the best-qualified candidates.

A diagram that shows the structure of an organization.

Performance Appraisal

The evaluation of an employee's job performance.

The process of an employee leaving a company.

A paid position of regular employment.

An occupation undertaken for a significant period of a person's life.

A paid occupation that requires formal training and qualification.

Business and Finance Terms Flashcards

Student preview

100 questions

Show all answers

1.

FLASHCARD QUESTION

Front

Business

Back

An organization or enterprising entity engaged in commercial, industrial, or professional activities.

2.

FLASHCARD QUESTION

Front

Goods

Back

Physical items produced for sale.

3.

FLASHCARD QUESTION

Front

Services

Back

Intangible products provided to consumers.

4.

FLASHCARD QUESTION

Front

Need

Back

Essential items required for survival.

5.

FLASHCARD QUESTION

Front

Want

Back

Non-essential items desired by consumers.

6.

FLASHCARD QUESTION

Front

Profit

Back

Financial gain after all expenses are subtracted from revenue.

7.

FLASHCARD QUESTION

Front

Consumer

Back

A person who purchases goods and services for personal use.

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever

or continue with

Microsoft

Apple

Others

Already have an account?

Similar Resources on Wayground

53 questions

FLASH CASH 300 TỪ HSK 3

Flashcard

•

University

126 questions

Cinemática - Física I

Flashcard

•

4th Grade

101 questions

French Vocabulary Flashcards

Flashcard

•

KG - University

97 questions

Arabic Vocabulary Flashcards

Flashcard

•

KG

86 questions

Fıkıh İlmine Giriş

Flashcard

•

KG - University

75 questions

Wildlife Conservation Vocabulary

Flashcard

•

9th - 12th Grade

122 questions

Research Methodology for Business

Flashcard

•

University

63 questions

Friends Global 10 - Unit 1 Feelings and Grammar

Flashcard

•

10th Grade

Popular Resources on Wayground

25 questions

Multiplication Facts

Quiz

•

5th Grade

15 questions

4:3 Model Multiplication of Decimals by Whole Numbers

Quiz

•

5th Grade

10 questions

The Best Christmas Pageant Ever Chapters 1 & 2

Quiz

•

4th Grade

12 questions

Unit 4 Review Day

Quiz

•

3rd Grade

20 questions

Christmas Trivia

Quiz

•

6th - 8th Grade

18 questions

Kids Christmas Trivia

Quiz

•

KG - 5th Grade

14 questions

Christmas Trivia

Quiz

•

5th Grade

15 questions

Solving Equations with Variables on Both Sides Review

Quiz

•

8th Grade

Discover more resources for Business

16 questions

BizInnovator Startup - Crunching the Numbers

Quiz

•

9th - 12th Grade

20 questions

Mastering Job Interview Skills

Quiz

•

9th Grade

10 questions

BizInnovator Startup - Firm Up Your Value Proposition

Quiz

•

9th - 12th Grade

10 questions

Professional Dress

Lesson

•

9th Grade