
Basic Business Concepts Vocabulary
Flashcard
•
Business
•
8th Grade
•
Hard
ANGELA PUSTKA
FREE Resource
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61 questions
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1.
FLASHCARD QUESTION
Front
Accounting
Back
Category of the organizational functions of business which performs functions related to recording and reporting financial transactions.
2.
FLASHCARD QUESTION
Front
Boundaryless Business Structure
Back
Business structural design which blurs boundaries surrounding an organization by increasing its interdependence with its environment.
3.
FLASHCARD QUESTION
Front
Business
Back
Provides goods and services to satisfy consumer wants and needs to make a profit.
4.
FLASHCARD QUESTION
Front
Business Cycle
Back
Model representing the pattern of growth, peak, recession, and trough of a product, business, or economy over long periods of time; also referred to as the economic cycle.
5.
FLASHCARD QUESTION
Front
Business Ownership
Back
Individual or group which own a business and its legal entities.
6.
FLASHCARD QUESTION
Front
Business Structural Design
Back
Alignment of the business’ organizational structure with the overall goals considering tasks and functions of the business.
7.
FLASHCARD QUESTION
Front
Centralized Decision-Making
Back
Occurs when only a select few people at the top of an organization make the decisions.
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