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EOPA SBlake1
Entrepreneurship
| Question | Answer |
|---|---|
| The purpose of Operational Planning is | The process of setting work standards and schedules necessary to implement the company's tactical objectives |
| The purpose of Contingency Planning is | The process of preparing alternative courses of action that may be used if the primary plans don't achieve the organizations objectives |
| What is P.M.I? | The listing of all pulses for a solution in one column, all the minuses in another and the implications in a third column |
| What is Free-Rein Leadership | A leadership style that involves managers setting objectives and employees being free to do whatever it takes to accomplish objectives. |
| Ledgers | Books with financial records written |
| What does Trial Balance do? | It has a summary of all financial data in the account that ensures the figures are accurate and balanced |
| P&L Account Begins With? | Total sales (=revenue) generated during a month, quarter or year |
| P&L Account End With? | Earnings (=profits / the bottom line) |
| What does the Cost of Goofs Sold(COGS) Manage? | Manufacturing Cost, Wages of Blue-Collar Workers, and Transport Cost |
| Operating Expenses Includes What? | Salaries of Sales, Office Staff, Marketing Cost, and Rent |
Created by:
Nique14
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