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Unit 3 Vocabulary

TermDefinition
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 resources 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 Involves using 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
Created by: KMBell
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