DECA- Business Management and Administration

Injunction

A court order forbidding a business or person to perform certain activities

Mind Mapping

A form of brainstorming that organizes information and ideas graphically (using shapes, pictures, and words)

Justification Report

Analytical report that evaluates the success or failure of a previous decision or course of action

Information System

Set of components (hardware, software, databases, and human resources) that collects, processes, and interprets information

Tactical Planning

Short-range planning (one year or less) that involves determining specific actions a business needs to take to carry out its strategic plan

Capability Maturity Model Integration (CMMI)

Software program designed to help businesses improve their processes, outputs, and performance levels

Concession

Something that one party gives up during a negotiation

Sales Quotas

Specific goals set for the members of the sales force

Cash-flow Analysis

Summarizes how money flows into and out of a business

Feasibility Report

Summarizes the positive and negative consequences of a certain course of action

Lessons-learned Document

Summarizes the project's successes and failures and includes suggestions for improvement for future similar projects to which other managers can refer

Abstract (research report)

Synopsis of a research report's contents

Market Analysis

Systematic study of the market; assesses factors in the marketplace

Make-or-buy Decision

When a purchasing specialist needs to decide whether the company can make needed parts or should buy them from a supplier

Reciprocal Task Interdependence

When one team member's work is dependent on other team members' work

Sequential Task Interdependence

When one worker must complete their task before the next worker can perform their own task

Pooled Task Interdependence

When several employees are working independently on different tasks at he same time which will later be pooled or combined to create a final product

Tacit Knowledge

Expertise that is often difficult to explain or put a value on

Organizing (function of management)

Function of management that focuses on setting up the way work will be done

System Goals

Goals relating to an organization (growth, control, profit goals, etc.)

Raw-materials Inventory

Goods or inputs that are used to make finished goods or products

Finished-goods Inventory

Inventory of products that are ready to be marketed

Introduction (research report)

Section of a research report that states the problem, purpose, and significance of the study or investigation

Serviceability

Ability to repair or maintain a product

Product-quality Goals

Address issues associated with the degree of excellence of the finished product

Contingency Plan

Alternative course of action a business implements when it is not sensible to carry out the original plan

Amendment

An additional provision made to a legal document

Non-compete Agreement

Contract between an employer and employee that states that the employee will not work for a competitor for a certain length of time after leaving the company

Break-even Analysis

Evaluates the level of sales at which revenues equal the total costs

Decision Support System

Computer program that helps managers improve their decision-making and problem-solving skills

Variance

Difference between two variables or factors

Work Breakdown Structure (WBS)

Divides project tasks into small, meaningful components to complete the project

Analytical Report

Document that evaluates issues, opportunities, or problems

Troubleshooting Report

Document that evaluates specific problems and gives recommendations to resolve them

Project charter

Document that outlines the purpose and terms of the project

Statement of Work (SOW)

Document that outlines the terms, commitments, and conditions of a project

Staffing (function of management)

Management function of finding workers for a business

Directing (function of management)

Management function of providing guidance to workers and work projects

Controlling (function of management)

Management function that monitors work effort

Work Breakdown Structure (WBS) Dictionary

Manual that outlines the project's standards, procedures, processes, and terminology

Continuous Improvement

Ongoing practice of looking for ways to increase the levels of excellence of a process, good, or service

Decomposition

Process of breaking down work into smaller components

Procurement

Process of obtaining something (e.g.: purchasing goods and services) for business purposes

Operating System

Program that manages and supports the hardware and software on a computer

Project-production Schedule

Provides details about when activities and outputs must be completed

Responsiveness

Quality characteristic of services; refers to the level of promptness and willingness with which a service is provided

Leading Question

Question that "leads" the answerer into giving a certain response

Zoning Ordinances

Regulations that govern the ways in which land and buildings may be used in certain areas

Results Section (research report)

Section of a research report that analyzes the research findings

Methodology Section (research report)

Section of a research report that focuses on procedures used to gather information for the study