DECA- Business Management and Admin. Cluster with Complete Solutions

Communication Skills - ANSWER-The ability to convey information to one another effectively and efficiently. Economics - ANSWER-Attempts to explain how wealth is created and distributed in communities, hoe people allocate their resources and any matter that deals with human wants and their satisfaction. Ethics - ANSWER-The basic concepts and fundamental principals of decent human conduct. Information Management - ANSWER-The process of collecting and analyzing data that can be used in the strategic decision making process for a business. Coordinate - ANSWER-To bring the different elements of an activity or an organization into a relationship that will ensure efficiency. Purchasing - ANSWER-To acquire goods or services to accomplish the goals of an organization. Chain of Command - ANSWER-The order in which authority and power in an organization is delegated from top management to every employee at every level of the organization, Organizational Goals - ANSWER-The overall objectives, purpose and mission of a business that have been established by its management and communicated to its employees. Project - ANSWER-Planned set of interrelated tasks to be executed over a fixed period and within certain cost and other limitations. Channels - ANSWER-The path through which messages are delivered. Tariff - ANSWER-A tax on imports. Commitments - ANSWER-An engagement or obligation that restricts freedom of action Analysis - ANSWER-Detailed examination of the elements or structure of something, typically as a basis for discussion or interpretation. Prioritize - ANSWER-A process that evaluates a group of items and ranks them in order of importance or urgency. Purchase Order - ANSWER-A legal contract between a buyer and seller that describes the quantity, price, and products ordered, terms of payment and delivery.