Mid-Term Vocab
Across
- 5. is an event at which something, such as a book or product, is presented to the public for the first time and is also the act of creating, presenting or promoting a new product.
- 6. an amount of money deposited with a bank, as in a checking or savings account
- 7. is debt that the company is obligated to repay according to the loan's terms and conditions.
- 8. the systematic and comprehensive recording of financial transactions pertaining to a business,
- 11. - The process of strategically managing the efficient flow
- 13. - the right to take another's property if an obligation is not discharged
- 15. of directors is a group of individuals that are elected as, or elected to act as, representatives of the stockholders to establish corporate management related policies and to make decisions on major company issues.
- 16. a person's regular occupation, profession, or trade.
- 19. An industry is a classification that refers to groups of companies that are related based on their primary business activities.
- 20. a financial plan for the future concerning the revenues and costs of a business.
Down
- 1. Grants are non-repayable funds or products disbursed or gifted by one party
- 2. Resources A human resources department is a critical component of employee well-being in any business, no matter how small.
- 3. Investing is the act of committing money or capital to an endeavor
- 4. Rate has two components, the domestic currency and a foreign currency, and can be quoted either directly or indirectly. In a direct quotation, the price of a unit of foreign currency is expressed in terms of the domestic currency.
- 9. Service Department Customer service is the process of ensuring customer satisfaction with a product or service
- 10. are one of the ways employers reward their employees for a job well done.
- 12. implies that everyone accepts and supports the decision, and understands the reasons for making it. See also collective responsibility.
- 14. - The formal decision making process used when considering the economic feasibility of implementing information security controls and safeguards
- 17. represents funds contributed by the owners
- 18. is a contractual agreement in which a borrower receives something of value now and agrees to repay the lender at some date in the future, generally with interest.