PBMF (Part III)- FA18 Final Exam Review

The recurring ups and downs of Gross Domestic Product

• Economic System

• Opportunity Costs

• Market Price

• Business Cycle

Things that are important to you

• Talents

• Abilities

• Values

• Interests

A short, specific written declaration of the reason a business exists and what it wants to achieve.

• Mission Statement

• Goals

• Policies & Procedures

• Business Plan

Outline the important principles that guide company decisions

• Business Ethics

• Core Values

• Business Plan

• Mission Statement

A diagram that shows the structure of an organization, classification of work and jobs, and the relationships among those classifications

• Business plan

• Mission Statement

• Organizational Chart

• Human Relations

An interview that occurs when leaving a job

• Informational interview

• Employment Interview

• Meeting

• Exit Interview

A tool that provides information about you to a potential employer

• Resume

• Application Form

• Cover Letter

• Personal data sheet

This is all the people 16 years and older who are employed or who are looking for a job

• Entrepreneurs

• Employees

• Labor

• Workforce

The way people get along with one another

• Ethical business practice

• Staffing

• Human Relations

• Influence

The ability to motivate individuals and groups to accomplish important goals.

• Leadership

• Management

• Formal influence

• Informal influence