| A | B |
|---|
| act forbids a business to require buyers to purchase other goods in order to get the product they want from that business | clayton act |
| after filing for bankruptcy and selling all assets to repay debts, all remaining debts will then | be excused by law |
| number of years an author has the sole right to reproduce, publish, and sell literary or artistic work | life of the author plus 70 years |
| sale of improperly labeled food is prohibited by this government agency | FDA |
| percetn of profits most corporations pay in taxes | about 50% |
| general sales tax is categorized as this type of tax | regressive |
| the actual tax rate decreases as the taxable amount increases | regressive tax policy |
| income tax levied on businesses usually applies to | net profits |
| sales tax applied to gasoline and cigarettes | excise tax |
| tax on possessionsthat are movable such as furniture,machinery and equipment | personal property tax |
| protect information from being improperly used,must know what types of equipment to purchase to meet an organization’s needs,protect information from getting to people who should not have it | requirements of CIO |
| the movement of information from one location to another electronically | telecommunications |
| information system that integrates data from various departments to make it available to help managers with day-to-day business operations | MIS system |
| people who work with information | Knowledge workers |
| raw facts and numbers | data |
| processed and organized data | information |
| email, letters, notes are examples of | written communication |
| An electronic message that contains abusive, threatening, or offensive content that may violate company policy or public law | flame |
| E-mail advertisement from an unfamiliar company | spam |
| flow of formal communication | upward, downward, and across |
| type of business culture where maangement encourages feedback from employees | open culture |
| majority of problems in management arise from this factor | ineffective communication |
| problem-solving method in which group members write down and evaluate ideas to be shared with the group | nominal group technique |
| effective way to compliment an employee for work well done | use oral, then written communication |
| primary reason businesses keep financial records | determine if they have made a profit or a loss |
| it does not have the needed expertise in house, it is less expensive to outsource than to hire someone with the needed expertise, the company doesn’t have enough people to handle tasks like preparing payroll checks and customer bills | reasons a company outsources |
| original cost-accumulated depreciation | book value |
| An employer can determine the amount to withhold from an employee’s paycheck for tax purposes by using | employee's W4 |
| Net worth, owner's equity, and stockholders' equity are also known as | capital |
| primary purpose of a budget | help controll operations |
| The amount owed to a business by its customers is tracked in what account | Accounts receivable |
| The amount a retailer pays to a supplier for goods it then resells | cost of goods sold |
| obtains funds by issuing securities | finance company |
| institution that offers loans and deposit services to members only | credit union |
| U.S. money supply is controlled by | Federal Reserve System |
| When banks offer reliable customers a maximum amount of money that can be borrowed over a specified period | line of credit |
| one of the safest of all short-term investments | Treasury bill |
| Creating new products, Changing old products, Making improvements to existing products | product developemnt |
| two types of product research | pure and applied |
| Manufacturing is a special form of | production |
| assembly line is an example of | mass production |
| bridges and buildings are examples of what type of manufacturing | custom manufacturing |
| Supply of workers, Training needed and available, Cost of labor | factors affecting business location |
| computer application used to design and test products | CAD |
| It is intangible, It cannot be separated from the person or business supplying it, It cannot be stored until needed | characteristics of a service |
| baking more cookies for half time of the game because it is the concession stands busiest time is an example of | matching supply and demand |
| purchasing a product out of seasoncan earn you this kind of discount | seasonal discount |
| cost of the materials, operations, and personnel used to make a product (for manufactureres) | cost of goods sold |
| a product that is very popular should probably be priced based on | consumer demand pricing |
| examples of a buying motive | desire for good health, desire to be accepted |
| effective method of increasing sales of a product for a short time | coupons |
| federal agencies that regulate promotion | FTC & FCC |
| multiple people bargaining together as a unit | collective bargaining |
| benefit of transferring employees | increased employee loyalty |
| A letter from a former employer that accompanies a resume | reference |
| if workload is too light you should | terminate or tranfer some employees |
| name of past employers, skills used in previous employment, dates of past employment | info to include on resume |
| consequence of firing an employee without giving a warning first | can be sued for wrongful termination |
| to represent its members’ interests, to understand issues of importance to employees, to collectively bargain on behalf of members | purpose of labor union |
| they lose business and customers during a strike | biggest problem with strikes |
| monitoring employees’ performances, monitoring absences, giving employees guidance, firing employees | duties of supervisor |
