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Q 143-200
DECA Bowl
| Term | Definition |
|---|---|
| Misery Index | Equation of economic unhappiness as a sum of inflation and unemployment |
| Down | Rise in interest rate causes consumption to shift down |
| Business Cycles | Periods of expansions and contraction in economic activities |
| Importing | Bringing in foreign products to sell in the domestic market |
| Comparative Advantage | Advantage achieved by a nation from specializing in and producing goods and services at which it is relatively most efficient |
| Cultural Baggage | When a person's culture is unconsciously present in his or her speech and actions |
| Burnout | Exhaustion that leads to a diminished interest in career |
| Consensus | Decision-making outcome; requires the substantial agreement of each group member |
| Efficient | Company that optimally uses its time and effort to product its outputs. |
| Injury | Sprained ankle or broken leg |
| Retailer | Business that sells goods directly to consumers |
| You | Type of statements that should be avoided when two parties are confronting a conflict |
| Geographics | Segmenting a market on the basis of location |
| Promotion | Identifying the element of the marketing mix that involves letting the customer know about a product |
| Opportunity Cost | Benefit that is lost when a business uses scarce resources for one purpose rather than another |
| Undercover shoppers | Security personnel; poses are customers |
| Bookkeeping | Accounting process that records a business's financial information |
| Non-monetary | Job Security is an example of a "NON-MONETARY" benefit |
| Subchapter "S" (also, "S") | Type of close corporation that is taxed as a partnership; usually consists of 75 or fewer shareholders |
| Objective (GOAL) | Before Elliot can make a well-thought-out decision, he must pinpoint an OBJECTIVE |
| Form | The type of utility that involves altering or changing a product to make it more useful to consumers |
| Customer Orientation (Customer Service Mindset) | A business that puts the customer first |
| Excess Supply | The condition that exists when the # of widgets in the marketplace exceeds the demand for them |
| Logical Argument | Attempting to persuade a person with reason |
| Gossiping | Spreading rumors from person to person |
| Mutual Fund | Pool of shareholder's money invested by professional managers in an assortment of different securities |
| Investing | Building wealth by using money to make money |
| Double Entry Accounting | Using a system of debits and credits to track a business's money flow |
| International Trade | Buying AND selling of products between countries |
| Cash Shortage | More money flows out of a business than flows into |
| Cash Flow | Movement of cash in and out of a business |
| Balance Sheet | Statement of the book value of a business on a given date |
| Net income | Income that a business has AFTER subtracting costs and expenses |
| Banner Ad | Image that appears on a Web site encouraging visitors to "click through" to another site |
| Business Trend | Tendency or inclination that is happening in a particular industry |
| Internal Records | Records that contain info only to be seen by authorized personnel |
| Environmental Scanning | Identify the process that involves acquiring and analyzing info about the external conditions that affect an organization |
| Continuous Improvement | The idea that a product should keep getting better as knowledge and experience accumulates |
| Procrastination | Putting off untill tmrw what could have been done the same day |
| Time Management | Controlling events in order to accomplish priorities |
| Guesstimation (Estimation) | Establishing a realistic time frame for a project during the planning stage |
| Manager | Person responsible for creating the framework for a project |
| Exporters | Business that sell products to individuals, businesses or govt's in other countries |
| Turnover Rate | Measure of the # of employees who have resigned or been fired from a company during a certain period of time |
| Age Discrimination | Illegal act of hiring or firing employees based on how old they are |
| Month | Rewarding a positive work ethic demonstrated during the previous 30 days is to select an employee of the... |
| Rule of Three | Requirement specifying the hiring or promoting of an employee from among three qualified candidates (at least 3) |
| Pay (Wages, Salaries) | Men and women completing identical job tasks are entitled to equal salary |
| Differential | Compensation for time worked outside an employee's shift is called shift... |
| Whistleblowers | Employees who exercise the right to contact authorities when their employer violates a legal requirement |
| Fire Safety | Using procedures for preventing the hazards associated with flames and smoke is called implementing a FIRE SAFETY policy |
| Air Quality | |
| Directions (Instructions) | Telling an employee who to complete a task effectively, step by step |
| Priority | Order in which an employee is instructed to complete a number of tasks |
| Time Card (Time sheer, Activity Report) | Document for recording the time an employee begins and ends a work shift |
| Contact | looking at the supervisor who is giving instructions is called "EYE CONTACT" |
| Retention | Keeping employees in a company's hire is called... EMPLOYEE RETENTION |
| Report | Telling about a department's/project's progress since the previous staff meeting |
Created by:
jolbra302
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