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AAMI Small Business Management Glossary Questions And Answers With Verified Solutions Already Passed!!!
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AAMI Small Business Management Glossary Questions And Answers With Verified Solutions Already Passed!!!

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  • October 11, 2024
  • 14
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • advertising
  • angels
  • business interrup
  • aami small business management glossary questions
  • age discrimination in employment act
  • american with disabilities act ada
  • bona fide occupational qualification bfoq

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  • AAMI
  • AAMI

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AAMI Small Business Management
Glossary Questions And Answers With
Verified Solutions Already Passed!!!
Advertising - ANSWER✔✔the art of making the public aware of the services or
commodities that the business has for sale.


Age Discrimination in Employment Act - ANSWER✔✔federal legislation that
requires employers to treat applicants and employees equally regardless of age


American with Disabilities Act (ADA) - ANSWER✔✔legislation that guarantees
disabled people equal access to employment, as well as access to public places.


Angels - ANSWER✔✔private investors who are willing to supply financing for
new/or risky small venture start ups.


Bona fide occupational qualification (BFOQ) - ANSWER✔✔a qualification that is
absolutely necessary for the job; it is an allowed and approved reason for
discrimination


Break-even analysis - ANSWER✔✔the point at which total sales revenue equals
total operating costs; determined by formula or chart.


Business - ANSWER✔✔an organization that combines inputs of raw materials,
capital, labor, and management skills to produce useful outputs of goods and
services so as to earn a profit.

, Business interruption insurance - ANSWER✔✔insurance that protects companies
during period necessary to restore property damaged by an insured peril. Coverage
pays for lost income and other expenses related to recovery.


Business plan (New venture plan) - ANSWER✔✔a written description of a new
idea that projects marketing, operational, and financial aspects of a proposed
business.


Business policies - ANSWER✔✔fundamental statements that serve as guides to
management practice.


Cash discounts - ANSWER✔✔2/10, n/30 2% discount if paid 10 days from date of
invoice/net amount must be paid within 30 days of date of invoice.


Casualty insurance - ANSWER✔✔insurance that provides monetary benefits to a
business that has experienced an unforeseen peril, such as flood, fire, etc.


Census of Business - ANSWER✔✔source of market data that explains where
certain businesses are located.


Census of Housing - ANSWER✔✔source of market data that keeps track of new
home sales by region and/or the construction of new houses by region and specific
area.


Census of Manufacturing - ANSWER✔✔source of market data that explains
where certain manufacturers are located.

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