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EOPA MCurrie1

Entrepreneurship Pathway

TermDefinition
Contingency Planning the process of preparing alternative courses of action that may be used if the primary plans don't achieve the organizations objectives
Autocratic Leadership leadership style that involves making managerial decisions without consulting others
Democratic Leadership leadership style that consists of managers and employees working together to make decisions
Free-Rein Leadership leadership style that involves managers setting objectives and employees being relatively free to do whatever it takes to accomplish those objectives
Ledgers books in which financial records are written
Amortization the loss in value of an intangible asset (e.g. the purchase of a license or trademark)
Current Assets or short term assets items that can or will be converted into cash within one year; may also include marketable securities
Fixed Assets or long term assets items that are relatively permanent, such as land, buildings, and equipment
Invisible Hand the economy grows and prosper through the efforts of improving their own situation in life
Gross Domestic Product is the total value of final goods and services produced in a country in a given year
Created by: miracle45
Popular Management sets

 

 



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