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EOPA C.Sanders 1
Entrepreneurship Pathway
| Question | Answer |
|---|---|
| What does Vision mean in business management? | An encompassing explanation of why the organization exist and where it's trying to head |
| What does SWOT Analysis Stands for and what is it used for? | Strengths, Weakness, Opportunities and Threats: Its used to analyze an organizations, strengths, weakness, opportunities and threats |
| What are the 3 types of Business Management? | Top management, Middle management, and Supervisory managements |
| What is the purpose of a mission statement? | should guide the actions of organization, spells out its overall goal,provide a path, and guide decision-making |
| What is a Chief Accounting Officer responsible for? | Is responsible for keeping the company's books, preparing financial statements, preparing tax returns, developing strategies to minimize tax |
| What are the four stages of the Product Life Cycle? | Introduction, Growth , Maturity, and Decline |
| What does PMI stand for? | Pluses, Minuses, Implications |
| What does The P&L Account begin with? | Total sales=(=revenue) generated during a month, quarter or year |
| What are Ledgers? | books in which financial records are written |
| What does P& L Account end with? | earning(=profit/the bottom line) |
Created by:
Csanders34
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