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DECA Business Management and Administration

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DECA Business Management and AdministrationDECA Business Management and Administration

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DECA Business Management and
Administration
communication skills - ANSWER>>the ability to convey information to another
effectively and efficiently

economics - ANSWER>>attempts to explain how wealth is created and distributed
in communities, how people allocate their resources and any matter that deals
with human wants and their satisfaction.

ethics - ANSWER>>the basic concepts and fundamental principles of decent
human conduct

information management - ANSWER>>information management is 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

organization 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>>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
their 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

rules of conduct - ANSWER>>a written set of guidelines issued by an organization
to its workers and management to help them conduct their actions in accordance
with its primary values and ethical standards

initiate - ANSWER>>the process of beginning

work breakdown structure (WBS) - ANSWER>>Project networking modeling step
in which the entire job is graphically subdivided into manageable work tasks.

capability maturity model integration (CMMI) - ANSWER>>monitoring the
opportunity for loss for a business

directing - ANSWER>>the process of building an effective climate and creating
opportunity for motivation supervising scheduling and disciplining

managerial control - ANSWER>>a complete ban on specific goods coming into or
leaving a country

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