"CLEP Principles of Management," Vocabulary from Chapter 4

This list focuses on the environments of business.

Here are links to all the chapters of the test prep book published by Research & Education Association: Chapter 1, Chapter 2, Chapter 3, Chapter 4, Chapter 5, Chapter 6, Chapter 7, Chapter 8, Chapter 9, Chapter 10, Chapter 11, Chapter 12, Chapter 13, Chapter 14, Chapter 15

For more detailed review, learn this list: The MGMT Solution
40 words 12 learners

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Full list of words from this list:

words only definitions & notes
  1. environment
    the totality of surrounding conditions
  2. general
    applying to all or most members of a category or group
  3. economy
    the system of production and distribution and consumption
  4. technology
    the practical application of science to commerce or industry
  5. legal
    established by or founded upon law or official rules
  6. political
    involving or characteristic of governing or social power
  7. cultural
    relating to the shared knowledge and values of a society
  8. demographic
    of or relating to the characteristics of human populations
  9. immediate
    directly before or after as in a chain of cause and effect
  10. specific
    distinguishing something particular or unique
  11. impact
    a forceful consequence; a strong effect
  12. customer
    someone who pays for goods or services
  13. competitor
    the contestant you hope to defeat
  14. supply
    offering goods and services for sale
  15. capital
    wealth in the form of money or property
  16. employee
    a worker who is hired to perform a job
  17. community
    a group of people living in a particular local area
  18. response
    a reaction to some event or effect
  19. influence
    a power to affect persons or events
  20. lobby
    detain in conversation for political or economic favors
  21. adapt
    conform oneself to new or different conditions
  22. flexible
    able to adjust readily to different conditions
  23. boundary
    the line indicating the limit or extent of something
  24. span
    cover or extend over an area or time period
  25. joint
    affecting or involving two or more
  26. venture
    a commercial undertaking that risks a loss
  27. partnership
    a contract between persons who agree to share profits
  28. public
    people in general considered as a whole
  29. relation
    mutual dealings or connections among persons or groups
  30. corporate
    of or belonging to a business firm
  31. culture
    the attitudes characteristic of a particular social group
  32. visible
    capable of being seen or open to easy view
  33. manifestation
    a clear appearance
  34. component
    an abstract part of something
  35. uniform
    clothing of distinctive design worn by members of a group
  36. slogan
    a favorite saying of a sect or political group
  37. jargon
    technical terminology characteristic of a particular subject
  38. narrative
    an account that tells the particulars of an act or event
  39. ceremony
    a formal event performed on a special occasion
  40. ritual
    any customary observance or practice
Created on Wed Nov 02 11:00:10 EDT 2016 (updated Mon Nov 14 15:57:49 EST 2016)

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