Flashcards in Mid Term Deck (65)
A company returns 30 cents to stock holders for every dollar invested... its profit margin is?
cannot be determined
the number that tells us the amount earned in profits for every $1 in sales is
things of value that a business owns that will be sold in 18 months are?
long term assets
which financial statement shows a "snap shot" of assets
kevin obtains buy in from employees when making decisions. he is what type of manager
a company with $15M in liabilities and $5M is owners equity has how much assets
Plans designed for the mid-term fall under which category
determining organization goals missions and objectives fall under which management function?
which type of business financing does not have to be paid back?
lisa opens a business in kentucky and also incorporates within the same state.. this is...?
which business form has the same benefits as a C corporation but no double taxation
joe wants to start a business but fears liability. his best option would be?
a Comapanys personality is known as which of the following?
haley calls on one of her employees who reports directly to her. this communication is
a job the is vert routine with little variety could be described as
a company has 6 employees, 3 of whom are manages. the company is?
courtney works at a company where she cannot make most decisions on her own. her company is
bearcat wear sell uc branded apparel. it falls under which competitive environment
what is a business
Individuals or organizations trying to
earn a profit
that satisfy people's needs
very much like for profit businesses, with the exception that the goal is not to earn profits for owners, rather it is to serve a purpose advancing a social cause.
he difference between what it costs to make and sell a product and what a customer pays for it.
To be profitable, businesses must serve their
The distribution of resources for the production of goods and services within a social system
the number of products businesses will sell at different prices at a specific time
the price at which a number of products supplied equal amount of products to consumers are willing to buy at a specific time
The arrangement or relationship of positions within an organization. It is part of the "organizing" function of management.
authority is concentrated at the top, and very little decision-making authority is delegated to lower levels.
decision-making authority is delegated as far down the chain of command as possible.
Types of Departmentalization
owned by one individual
15-20 mil in the US
3/4 of businesses