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B.E 3.01
Unit 3.01 Key Terms
| Term | Definition |
|---|---|
| Accounting | keeping accurate and useful financial records; and analyzing and interpreting the recorded information. |
| Business | an organized effort to produce and/or distribute goods and services. |
| Financial Analysis | the process of planning, maintaining, monitoring, controlling, and reporting the use of financial resources. |
| Human resource management | the process of planning, staffing, leading, and organizing the employees of the business. |
| Information management | the process of accessing, processing, maintaining, evaluating, and disseminating business knowledge, facts, or data. |
| Marketing | the process of creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large. |
| Operations | the day-to-day activities required for continued business functioning. |
| Outsourcing | the usage of outside organizations or consultants to perform one or more of the primary business activities. |
| Production | the process or activity of producing goods and services. |
| Strategic Management | the process of planning, controlling, and organizing an organization or department. |