the sub plans
Reasons For Government Role Growth Cont
Industrialization
Forces Driving Market Change
Industry structure changes• Growth of service businesses• Shrinking product life cycles
Which of the following is a true statement regarding information management:
It's the same thing as MIS.
Private (Close)
May have just a few shareholders who operate and manage the who operate and manage the business
Sole Proprietorship
One owner who assumes all profits and risks (unlimited liability)
Characteristics ofAdaptable Organizations
Open-mindedness• Agility• Cohesiveness
Strategies Businesses Use to Stay Flexible
Organizational learning• Marketing orientation• Slack resources
Growth and expansion of USA
People began to realize that the public has needs that business can't fill.
Your choice affects
Taxation Liability Ownership control
Acounting
The process of planning, recording, analyzing, and interpreting financial information.
A target audience is a group of people defined by certain demographics and behavior
True
Partnership
Two or more owners who combine capital, experience, and abilities and abilities
balance sheet
a balance sheet is the total assets. the assets can belong to an individual or a business. it adds up all the assets for the total money in an account for the business or individual
income statement
a income statement tells you what profit your business made. it also shows you what expenses your business made. it shows what you made and spent and if you made profit or lost money.
After an employee collects the necessary facts, what is the next step that an employee should take to solve a problem?
analyze the information
cash flow
cash flow is the movement of money. the movement can take place in person like buying snacks from a gas station. it can also take place online like buying books from amazon.
Information is created from
data
The three (3) styles of communication include: Formal Casual Direct
false
In the decision-making process, which step occurs after the need is determined?
gathering the information
A paradigm innovation occurs when:
major shifts in thinking cause change.
An important problem-solving skill for individuals to have is the ability to be:
objective
An MIS (management information system) involves people, processes, and
practices.
Appropriate information management can
save time and money.
Employees who have innovation skills are able to:
think in new ways
A social media post is a type of __________ information.
virtual
Strategies Businesses Use to Stay Flexible
• Proactive management• Innovative management• Competitive aggression
Corporation
An "artificial being, invisible, intangible, and existing only in intangible, and existing only in contemplation of the law" (U.S. contemplation of the law" (U.S. Supreme Court)
Government's Changing Roles
Changes in technology
The type of communicator that is easy-going and enjoys working with people towards a consensus or an agreement.
Collaborators
Which type of communicator likes to get straight to the point and ask straightforward questions?
Controller
Government's Changing Rolez
Environmental concerns
Reasons For Government Role Growth
Expanded to create & enforce laws
Characteristics ofAdaptable Organizations
Flexibility• Cultural intelligence• Strong leadership
transaction
A business activity that changes assets, liabilities, or owner's equity
How many types of communicators are there?
4
