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BUSINESS GLOSSARY 2

AB
AUDITProcess by which an organization’s accounts and records are verified
AUTHENTICITYBeing genuine and sincere; not being fake
AVATARA graphical representation of a person or company that is used in web environments including virtual worlds and chat rooms
BACK ORDERTerm used by shippers to refer to goods that are out of stock and will be shipped at a later date
BANKRUPTCYA state of debt that cannot be resolved
AUTOCRATIC LEADERSHIPA dictatorial leadership style in which the leader relies on her/his positional authority within the organization
BAIT-AND-SWITCH ADVERTISINGPromoting a low-priced item to attract customers to whom the business then tries to sell a higher priced item.
AUTOMATIONA production method in which machines do tasks automatically


Business Marketing Teacher, Career Technical Education
CENTRAL CABARRUS HIGH SCHOOL
Concord, NC

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