Business Administration Flashcard

Front

What is the main goal of a business?

Back

To make a profit

Front

What does a manager do?

Back

Plans and controls business operations

Front

Which of the following is a type of business organization? Solo ride, Single owner, Sole proprietorship, Only me

Back

Sole proprietorship

Front

What is a budget?

Back

A financial plan for income and expenses

Front

What does 'HR' stand for in a company?

Back

Human Resources

Front

What is marketing?

Back

Promoting and selling products

Front

What is a stakeholder?

Back

A person with an interest in a business

Front

What is revenue?

Back

Company income from sales

Front

Which document shows company income and costs?

Back

Income statement

Front

What is leadership?

Back

Guiding and inspiring a team