Tuesday, December 16, 2014

review semester one

5 functions of Management-organization ,planning, staffing, direction and control 
social responsibility-The idea that companies should embrace its social responsibilities and not be solely focused on maximizing profits
difference between credit union and bank- credit unions accept deposits and make loans. But as member-owned institutions, credit unions focus on providing a safe place to save and borrow at reasonable rates. Unlike banks, credit unions return surplus income to their members in the form of dividends.
gross pay-. An individual's total personal income before taking taxes or deductions into account.
net pay-the amount one receives after taxes and deductions have been withheld during a pay period
checking account -an account at a bank against which checks can be drawn by the account depositor
savings account- accounts maintained by retail financial institutions that pay interest but cannot be used directly as money in the narrow sense of a medium of exchange
8) on the right corner of the check
9)at the bottom of the check
10)the person or place you are giving the check to
11)your boss
12)put money into your bank account
13)the amount you want to put in and the amount you want back.
14)at the back top od the check.
15)so nobody takes that money away from you.
16)
  1. -basic
  2. -restrictive
  3. special
17) organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy
 

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