Business and Finance Vocabulary

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__________: The process of recording, maintaining, and reporting an organization’s financial transactions and records.

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Accounting

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__________: A for-profit or non-profit organization involved in commercial, industrial, or professional commerce.

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Business

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__________: Focuses on the management of the assets, liabilities, equity, and cash flow of an organization, financial analysis like ROI and ROE, and financial planning of future growth.

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Finance

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__________: Refers to the people assets who work for an organization, and the business function responsible for recruiting, hiring, onboarding, training, evaluating, and terminating employees.

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Human Resources

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A business function that involves people, processes, and systems that collect, organize, store and secure relevant data and information, and makes it accessible and useful for making informed decisions.

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Information Management

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__________: Planning, organizing, staffing, controlling and leading people, processes, and assets in order to achieve a goal or task in the best way possible.

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Management

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__________: The enterprise and pursuit of ideation, creation, communication, and delivery of profitable products and services to targeted customers for their benefit and for the benefit of society as a whole.

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Marketing

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__________: A company's purpose; its reason for being; the problem it is solving.

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Mission

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__________: The daily functioning of an organization, managing the inputs and outputs, and includes manufacturing, purchasing, and logistics.

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Operations

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A measure of a company’s financial performance, calculated as net income divided by total shareholder’s equity.

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Return on Equity (ROE)