- The Five Main Functions of Management are:
1.Before: Management must decide on the concept, location, service. etc.
2.Day-to-day planning: Actual running of business
3.Future: planning for the future of the business helps the business decide how it to grow and keep up with changes.
Organizing- The manager will organize how to execute tasks that need to be done sometimes by dividing up the tasks to be done in divisions.
Staffing- staffing consists of 6 processes:
1.Recruiting: Looking for qualified workers
2.Hiring: Learning about job applicants to find out if they're the right fit for the job.
3.Training: Providing workers with specific education to help them do their jobs.
4.Scheduling: what time workers will perform certain tasks.
5.Evaluating: Recording how the workers are doing in their positions.
Leading- Consists of influencing workers to accomplish goals at hand.
Controlling- Ensures the business is set to accomplish their goals. If they don't, lead your staff members to the path that you feel your business should go in.
2. Resume- Usually sent with a job application and used when looking for a job. It is used to give a brief history of a person's work experience, qualifications, and their education.
3. Social Responsibility of a Business- refers to the idea that companies and corporations should contribute wealth or resources solely dedicated to the improvement of society as a whole.
4. Savings account- A bank account that earns interest.
6. Simple Interest- A quick method of calculating the interest charge on a loan
8. Check endorsement- A signature by the creator of an instrument, such as a check, which enables any holder of the instrument to assert claim for a payment.
9. Check writing- The act of writing a check but there's a specific place for the amount being paid, what it's paying for, a signature and the amount paid written out.
11. Bank statement- a printed record of the balance in a bank account and the amounts that have been paid into it and withdrawn from it, issued periodically to the holder of the account.
12. Deposit slip- A small written form that is sometimes used to deposit funds into your account. A deposit slip indicates the date, the name of the depositor, the depositor's account number and the amounts of checks, cash, and coin being deposited.
13. Differences between banks and credit unions-
A Credit Union is a mot-for-profit cooperative financial institution that are owned and controlled by their members.
Banks-They have interest rates that their customer’s have to pay, the Banks benefit from it.
C.U.-They use the funding to reduce loan rates and offer low-cost member services and returns a small portion to the members by a dividend. So the customers benefit.
Banks are for-profit institutions who answer to stockholders and a paid Board of Director’s.
Credit Unions are non-profit organizations, owned and democratically controlled by the membership. 14. Credit Card- a small plastic card issued by a bank, business, etc., allowing the holder to purchase goods or services on credit.
You have to pay it back.
It has any loan you haven't paid back as well as bills you haven't paid.
If you take out a loan to pay for school, you need to set up a plan that will set how much you'll pay every month until the full amount is paid off. If you don't pay it off, your credit score will go down.
In blog: You click on the Insert image picture next to the "Link", then you go to choose file, you click on your photo then hit "Add selected"
In Word: You go to insert, click on picture, then you just select your picture.
In Adobe: You place the pictures.
