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Flashcards in Chapter 1 Deck (19):
0

A place in which the affairs of a business, professional person, or organization are carried out

Office

1

What are the 5 Key Office Activities? List at least one task for each.

1. Creating/Analyzing Info. - creating presentations
2. Searching for Info. - inquiring of persons within the company
3. Processing Info. - editing and proof reading
4. Communicating Info. - answering telephones
5. Managing Info. - maintaining calendars

2

The practice of working and communicating with others from a remote location

Telecommute

3

A public, worldwide computer network made up of smaller, interconnected networks that spans the globe

Internet

4

Communications network in an organization for employee or member use only

Intranet

5

A temporary office that can move from place to place

Mobile office

6

Assigning temporary office space to workers as needed

Hoteling

7

Capability to preform activities away from a traditional office

Virtual office

8

What are the motive for a business? Non-For-Profit? Governmental?

To make profit; to provide valuable service for all; to provide valuable service for citizens

9

Space within a person's home that is organized for efficient performance of office tasks

Home office

10

Independent contractors who work for others, usually on a project by project basis

Freelancer

11

The most recent technology within a company or home

State-of-the-art

12

Written grant of rights from a government

Charter

13

A business owned by one individual

Sole proprietorship

14

A business that is not incorporated and has two or more owners

Partnership

15

A business under certain laws of the state and has two or more owners

Corporation

16

Enable employees to make decisions

Employee empowerment

17

Pros and cons for a sole proprietorship? Partnership? Corporation?

Receive all the money and make all the decisions, but lose all the money and gain all the stress; opposite of sp; tax breaks, but share money with stockholders and have a charter

18

Why is it valuable for a person to understand the business he/she works in?

They make their job more interesting, and make a more valuable employee/ more likely promoted.