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POBF Mid-Term Review

Principles of Business & Finance

what are 3 basic economic questions how its produced, what to produce, for whom to produce
resources natural,capital, human
gross domestic product GDP, GDP per Capita
phrases of the business cycle prosperity, recession, depression, recovery
measurment of economic activieties inflation, interest rates
trading amoung nations Absolute vs. Comparative Advantage Imports vs. Exports
measuring trade relations Balance of Trade vs. Balance of Payment (Un/Favorable)
4 Elements of International Business Environment Geography, Economics, Culture, Political/Legal
International Trade Barriers International Trade Barriers
Encouraging Trade Free Trade Zone, NAFTA
International Trade Organizations world bank, world trade organization
Business Ownership Sole Proprietorship, Partnership, Corporation, Cooperatives, Franchises, Joint-Venture
Leadership Styles Democratic, Autocratic, Laizze-Faire, Mixed, Strategic & Tactical
levels of managment top, mid managment, supervisor, management by others
functions of managment planning, organizing, staffing, implemeting, controlling
human resources activities planning and staffing, performance managment, compensation and benefits, employee relations
business operations facilities mamagment, logistics, scheduling, safety and security
Production & Manufacturing: Product Development, Mass Production, Customization, Materials Processing, Extraction & Cultivation
technology concerns health, emplyee, and privacy concerns, computetr crime
Created by: 100000495064243



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