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BM 1 Obj 1.01 sm-499

unit1 BMII

TermDefinition
Audit process by which an organization accounts and records are verified
Balance Sheets Financial statement that captures the financial condition of the business at the moment
Break even analysis process of determining the level at which the level at which revenues equal total costs
cash flow analysis process of determining the amount of cash a business has to work with at any given time
concurrent controls mechanisms used to monitor and regulate a task, activity, or performance after it has already occurring
controlling management function that monitors the work effort
feedback controls mechanisms used to monitor and regulate a task after it already occurred
feedforward controls mechanisms used to monitor and regulate before it occurs
financial ratio comparison of two numbers from a business financial statement
financial statements records that show a business financial activities
Guarantee promise made to the consumer that a product purchase price will be refunded if the product is not satisfactory
Motivate prompt another person to take some kind of action
ROI Net profit divided by investment on how successful an ad was in terms of what the returns were for the money expended
Sustainability Successful long term management of an organization financial, social, and etc
Test marketing process of introducing a new product to a limited market to determine what its acceptance will be
Warranty promise made by the seller to the consumer that the seller will repair product that does not perform as expected
Created by: melvinreyes
Popular Management sets

 

 



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