Across
- 3. The practice of spreading investments or business activities across different areas to reduce risk.
- 5. Production A manufacturing method that involves making custom, one-of-a-kind items to meet specific customer orders.
- 8. Risk The potential for negative publicity, public perception, or uncontrollable events to have an adverse impact on a company's reputation.
- 10. Production A manufacturing method where items are made in groups or batches, rather than continuously.
- 12. payable Definition Money a company owes to its suppliers or creditors for goods or services received but not yet paid for.
- 17. Individuals or companies that create goods or services for consumers.
- 18. Risk The risk of loss resulting from inadequate or failed internal processes, people, and systems, or from external events.
- 21. Production A manufacturing method that involves creating large quantities of standardized products using assembly lines and specialized machinery.
- 22. records Documents that show a business's financial activities and performance.
- 25. budget A budget that covers day-to-day expenses and income of a business.
- 27. Management Plan A plan that outlines how an organization will respond to a major event that threatens to harm the organization, its stakeholders, or the general public.
- 29. Controls Processes and procedures put in place within an organization to ensure the integrity of financial and accounting information and prevent fraud.
- 34. Inventory A strategy where materials are ordered and received only as they are needed in the production process, reducing storage costs and waste.
- 35. budget A budget that plans for long-term investments and major purchases in a business.
- 36. Compensation A form of insurance that provides wage replacement and medical benefits to employees injured in the course of employment.
- 37. Systems Software that helps businesses manage and integrate various aspects of their operations, from production to finance to human resources.
- 39. statement A financial report that shows a company's revenues and expenses over a period of time.
- 40. decisions Choices a business makes about how to get money to fund its operations and investments.
- 41. Management Keeping track of raw materials, work-in-progress, and finished goods to ensure enough stock to meet demand without wasting resources.
- 42. The process of calculating and distributing employee wages, including taxes and other deductions.
Down
- 1. Production The process of creating goods or services that can be sold to customers.
- 2. decisions Choices a business makes about whether to give some of its profits to shareholders or use the money to grow the business
- 4. The state of being legally responsible for something.
- 6. A financial plan that shows expected income and expenses for a specific time period, usually a year.
- 7. Control Monitoring production processes to ensure that products meet the required standards of quality.
- 9. decisions Choices a business makes about where to put its money to earn more in the future.
- 11. Risk The risk of legal or regulatory sanctions, material financial loss, or loss to reputation a company may suffer as a result of its failure to comply with laws and regulations.
- 13. flow statement A financial report that shows how changes in balance sheet accounts and income affect cash and cash equivalents.
- 14. pay The total amount of money an employee earns before taxes and other deductions are taken out.
- 15. sheet A financial report that shows a company's assets, liabilities, and owner's equity at a specific point in time.
- 16. Risk A risk that insurance companies won't cover because it's too uncertain or likely to result in a loss.
- 19. receivable Definition Money owed to a company by its customers for goods or services delivered but not yet paid for.
- 20. The amount of money paid regularly to an insurance company for an insurance policy.
- 23. Manufacturing A production approach that focuses on minimizing waste and maximizing efficiency in the production process.
- 24. Strategies Actions taken to reduce the impact or likelihood of a risk occurring.
- 26. An official inspection of an organization's accounts and processes, typically by an independent body.
- 28. A form of risk management that transfers certain risks from a business to an insurance company in exchange for payment (premium).
- 30. flow budget A budget that tracks the movement of money in and out of a business.
- 31. Sigma A set of techniques and tools for process improvement, aimed at reducing defects and variations in production.
- 32. Chain Management Coordinating the flow of goods, information, and finances from suppliers to manufacturers to retailers and finally to consumers.
- 33. Management Software Tools that help businesses plan, track, and manage various projects and tasks related to their operations.
- 38. Risk The possibility of losing money or not having enough funds to operate a business.
- 43. Management The process of identifying, assessing, and controlling threats to an organization's capital and earnings.