Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
OM Ch 1 study guide
The Office 5e Ch 1 vocabulary
| Term | Definition |
|---|---|
| office | a place in which the affairs of a business, professional person, or organization are carried out |
| information | data or facts that have been summarized or organized into a meaningful form |
| vendor | a seller of goods or services |
| intranet | computer network within an organization that is meant for the use of its employees or members |
| telecommute | the practice of working and communicating with others from a remote location |
| Internet | a public, worldwide computer network made up of smaller, inter-connected networks that spans the globe |
| virtual office | the capability to perform work activities away from a traditional office setting |
| mobile office | office temporarily located at a particular site or that can move from place to place |
| nonterritorial workspace | area not assigned to a specific person or task |
| hoteling | assigning temporary office workspace to workers as needed |
| freelancer | independent contractors who work for others, usually on a project-by-project basis |
| confidential | private or secret in nature |
| profit | monetary gain; advantage |
| charter | written grant of rights from a government |
| sole proprietorship | a business owned by one individual, also called a single _____ |
| partnership | a business that is not incorporated and has two or more owners |
| corporation | a business organized under the laws of a particular state for which a charter was secured |
| negligence | failure to use a reasonable amount of care resulting in damage |
| income statement | a report that details the results of business operations for a certain period of time; lists the revenues, expenses, and profit or loss of a business for a particular reporting period |
| revenue | income, money, or other gain received |
| expense | financial cost; fee; charge |
| balance sheet | a report that presents the financial condition of a company as of a specific date |
| assets | goods and property owned |
| liabilities | debts |
| owner's equity | owner's share of the worth of a firm; capital |
| employee empowerment | enabling employees to make decisions |
| board of directors | Who oversees the day-to-day operations of a large company? |
| organizational chart | What shows the structure of a company? |
| managing information | A person who maintains databases and files for an organization would be performing which key office activity? |
| communicating information | A person who answers the telephone would be performing which key office activity? |
| processing information | A person who edits and proofreads documents would be performing which key office activity? |
| YES! Learning about the company can help employees understand their own jobs better. | Is it important for current (and potential) employees to learn as much as they can about the company? |
| not-for-profit entities | Which type of organization seeks to provide services without the intent of making a profit? |
| the bottom line | the amount of profit shown on a company's profit and loss statement |
| middle management | Which category of employees directs the daily activities of a company? |
Created by:
bcunningham73
Popular Computers sets