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EOPA ELawrence2

Entrepreneurship Pathway

QuestionAnswer
What is the process of developing detailed, short term statements about what is to be done, who is to do it, and how it is to be done? Tactical Planning
A ____ Sheet is a financial statement that reports assets, liabilities, and owner's equity on a specific date Balance
In the Product Life Cycle, the 4 stages that product goes through is? Introduction, Growth, Maturity, & Decline
What are the 4 phases of business cycles? Economic boom, Recession, a Depression, Recovery
What is ethical dilemma (as it relates to ethics)? It's the difference between right and wrong
What are the four elements of BCG Matrix? Star= (high growth, high market share) Cash Cow= (low growth, high market share) Question Mark= (high growth, low market share) Dog= (low growth, low market share)
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
Ergonomics is the study of implanting safety and ___ in the computer user’s workplace Comfort
What are government regulations generally designed to do? Protect the public from harmful or unjust actions
To be a good team leader, is it important to do what? Recognize the strengths of others
Created by: elawrence17