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EOPA EEwo1

Entrepreneurship

QuestionAnswer
What is an outline of the fundamental purpose of an organization? Mission Statement
What is the specific, short term statements detailing how to achieve the organizations goal? Objective
Name three ways to foster a more ethical work environment. 1. Hire ethical employees 2. Publish codes of ethnics 3. Ethnics Training 4. Create a culture of ethnics 5. Create Ethnics compliance merchanism
What does SWOT stand for? Strengths, Weaknesses, Opportunities, and Threats
The basic equation that has to balance is: Assets = Liabilities + Shareholders' equity
What does securities do? shares (stocks) and bonds
What is a bond? a loan for fixed period of time with fixed interest rate
The most efficient form of organization according to Max Weber is: Bureaucracy
What are three marketing stragies? focus, differentiation and cost leadership
What is Asset? anything of valued owned by a business
Created by: eewo