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EOPA ALowe2

Entrepreneurship Pathway

QuestionAnswer
Vulnerability is? Threats to the strengths of a company.
What is quality control? The process of a business that seeks to ensure the quality of their products/services meet the customer needs by testing their products or services
A graphical chart that identifies tasks and deadlines in order to complete a project as a whole describes? Gantt Chart
One of the by-products of this study has demonstrated that an employee’s attitude toward a job matters and that a sense of participation in the organization matters is? Hawthorne Study
Define Cost Of Goods Sold (COGS) manufacturing costs, wages of blue-collar workers, transport costs etc.
What does EBITDA stand for Earnings before Interest, Taxes, Depreciation and Amortization
Define Operating Expenses salaries of sales and office staff, marketing costs, rent etc.= overheads
Define Economics study of how society chooses to employ resources, and distribute them for consumption among competing groups and individuals
Define and explain “slack resources” as a way to maintain flexibility in a plan Extra cushion of resources
Define and explain ethical dilemma (as it relates to ethics). Difference between right and wrong.
Created by: AsiaLowe