INTRODUCTION TO BUSINESS PROCEDURES CHAPTER 1
QUESTIONS AND ASWERS A+ GRADED. Buy Quality Materials!
office
a place in which the affairs of a business, professional person, or organization are
carried out
information
data or facts that have been summarized or organized into a meaningful form
vendor
a seller of goods or services
intranet
computer network within an organization that is meant or the use of its employees or
members
telecommute
the practice of working and communicating with others from a remote location
internet
a public, worldwide computer network made up of smaller, interconnected networks that
spans the globe
virtual office
the capability to perform work activities away from a traditional office setting
mobile office
office temporarily located at a particular site or that can move from place to place
nonterritorial workspace
area not assigned to a specific person or task
hoteling
assigning temporary office workspace to workers as needed
freelancer
independent contractors who work for others, usually on a project-by-project basis
confidential
private or secret in nature
profit
monetary gain; advantage
charter
written grant of rights from a government
sole proprietorship
a business owned by one individual, also called single proprietorship
partnership
a business that is not incorporated and has two or more owners
corporation
a business organized under the laws of a particular state for which a charter was
secured
negligence
failure to use a reasonable amount of care resulting in damage
income statement
a report that details the results of business operations for a certain period of time
revenue
QUESTIONS AND ASWERS A+ GRADED. Buy Quality Materials!
office
a place in which the affairs of a business, professional person, or organization are
carried out
information
data or facts that have been summarized or organized into a meaningful form
vendor
a seller of goods or services
intranet
computer network within an organization that is meant or the use of its employees or
members
telecommute
the practice of working and communicating with others from a remote location
internet
a public, worldwide computer network made up of smaller, interconnected networks that
spans the globe
virtual office
the capability to perform work activities away from a traditional office setting
mobile office
office temporarily located at a particular site or that can move from place to place
nonterritorial workspace
area not assigned to a specific person or task
hoteling
assigning temporary office workspace to workers as needed
freelancer
independent contractors who work for others, usually on a project-by-project basis
confidential
private or secret in nature
profit
monetary gain; advantage
charter
written grant of rights from a government
sole proprietorship
a business owned by one individual, also called single proprietorship
partnership
a business that is not incorporated and has two or more owners
corporation
a business organized under the laws of a particular state for which a charter was
secured
negligence
failure to use a reasonable amount of care resulting in damage
income statement
a report that details the results of business operations for a certain period of time
revenue
