Final Review

1. ___________ Specific compliance is adhering to regulations and standards unique to a particular sector
4. sending long emails using informal language is not an example of effective ___________ communication
6. ___________ refers to the commitment of organizations and their employees to follow laws, regulations, industry standards and ethical principles relevant to their operations
9. ___________ develop products from raw goods for distribution
12. ___________ management is the ability to complete tasks and fulfill obligations in a timely manner
13. a sole proprietorship is a business that is owned and operated by ___________ individual
14. goods and services a person desires are known as consumer ___________
19. ___________ change raw goods into a more finished form for product development
21. ___________ Management compliance helps build a positive image and trust with stakeholders
22. ___________ are acts which are completed
23. ___________ compliance is following ethical principles and values
24. ___________ mitigation compliance is reducing the risk of financial losses, lawsuits and operational disruptions for organizations
25. ___________ compliance is adhering to federal, state, and local laws and regulations
26. time management involves ___________, setting goals, and avoiding procrastination

2. goods and services a person requires for survival are known as consumer ___________
3. a franchise is a business that already has ___________ recognition
5. ___________ is a system used to record and report financial transactions of a business
7. the arrangement of a business to establish a chain of command and define roles and responsibilities is the ___________ structure of a business
8. ___________ move finished goods from one business to another
10. ___________ change raw or processed goods into finished goods
11. conveying information through spoken words is ___________ communication
15. ___________ is the department of a business that carries out the promotion of goods and services
16. ___________ are tangible, physical items
17. written communication is appropriate when describing ___________
18. a ___________ operates as a separate legal entity
20. meeting deadlines, optimizing work, and managing time are all advantages to ___________