WorksheetsBusiness Essentials Vocab Practice (3.01)
Total questions: 32
Worksheet time: 30mins
Reorder the following by defining "Executives".
top
level
employees
Reorder the following by defining "Expenses".
the
money
that a
business
spends
Reorder the following by defining "Revenues".
sales
or
gross
income
Angel Investor
Someone who provides startup money to a new business
Manager
Individual whose job involves planning, organizing, staffing, directing, &controlling for a business
Business
An organized effort to produce and/or distribute goods and services
Supervisor
An employee who oversees other employees
Human Resources
People who work to produce goods and services
_______________ is anything of value that a business or individual owns.
Asset
Equity
Debt
Technology
_____________ is money businesses or individuals owe to others.
Asset
Equity
Debt
Technology
_____________ is assets minus liabilities; also known as stockholders’ (or shareholders’) equity, book value, and net worth.
Asset
Equity
Debt
Technology
________________ is scientific applications to business objectives or the methods used to attain those objectives.
Asset
Equity
Debt
Technology
Reorder the following by defining "Offshoring".
producing
goods
in
foreign
countries
Orientation is job preparation or (a) in which new employees are acquainted with their surroundings, receive general information about the company and its policies, and are given specific information about their jobs.
A bond is a piece of paper (whether real or (a) ) that says a (b) body or corporation will borrow an investor’s (c) at a particular (d) for a particular period of time.
____________ is the arrangement by which businesses and individuals can purchase now and pay later.
Interest
Credit
Loan
Financing
_____________ is funding a business activity or project through debt, equity, or venture capital.
Interest
Credit
Loan
Financing
_____________ is the reward or cost of lending or borrowing money, usually figured as a percentage of the amount.
Interest
Credit
Loan
Financing
______________ is a sum of money lent to a business or an individual for a specific time period that is repayable with interest.
Interest
Credit
Loan
Financing
Marketing is the process of creating, communicating, delivering, and exchanging offerings that have (a) for customers, clients, partners, and society at large.
Nonprofit Business
Business or organization whose intent is to make enough money to support its mission
For Profit Business
A business whose overall purpose is to earn a profit
Quality Control
Ensuring the degree of excellence of a good or service
Operations
The day-to-day activities required for continued business functioning
Recruiting
Seeking out and attracting qualified potential employees
Outsourcing is acquiring (a) from outside (b) /consultants to perform primary (c) (d) .
________________ is the process of accessing, processing, maintaining, evaluating, and disseminating business knowledge, facts, or data.
Inventory Management
Human Resources Management
Information Management
Strategic Management
_________________ is the process of supervising and controlling the number of finished products a company has in stock.
Inventory Management
Human Resources Management
Information Management
Strategic Management
__________________ is the process of planning, staffing, leading, and organizing the employees of the business.
Inventory Management
Human Resources Management
Information Management
Strategic Management
__________________ is the process of planning, controlling, and organizing an organization or department.
Inventory Management
Human Resources Management
Information Management
Strategic Management
Credit Rating
The score assigned to a borrower based on previous loans
Database
Database: A virtual storage unit for information
Resource
Any item that is used to accomplish another activity, such as producing/providing goods and services
Manufacturing
Changing the shapes or forms of materials so that they will be useful to consumers
Production
The process or activity of producing goods and services
Job Description
The official statement of job duties an employee must perform
Merger
Two individual businesses that combine to form one organization
Mission
A brief summary of what a business owner wants a business to be doing
Overhead
Business expenses for things such as payroll, rent, and utilities
Vision
A summary of what a business owner wants a business to become
Goal
An objective or want that you plan to fulfill
Strategies
Plans of action for achieving goals and objectives
Tactics
Specific actions that will be used to carry out strategies
Venture Capital
Invested money used for new business opportunities
__________________ is the process of planning, maintaining, monitoring, controlling, and reporting the use of financial resources.
Financial Analysis
Financial Records
Purchasing
Income
_____________________ are documents containing information related to the amount of money going into and out of a business.
Financial Analysis
Financial Records
Purchasing
Income
________________ is the process of acquiring the goods and services necessary to keep production going and to accomplish business goals
Financial Analysis
Financial Records
Purchasing
Income
_____________ is the money received by resource owners and by producers for supplying goods and services to consumers.
Financial Analysis
Profit
Purchasing
Income
_______________ is monetary reward a business owner receives for taking the risk involved in investing in a business.
Financial Analysis
Profit
Purchasing
Income
Strategic Position is how a business (a) up in relation to other businesses in the industry; can involve the image or impression of a business or organization.
Virtual Services are (a) provided through a (b) of (c) (such as the (d) ), rather than in person.
