Business Administration Glossary

22 Business Management terms

Hi! My name is Abdoul, I am 18 years old, and I am currently studying in a springboard DEC program at CEGEP Ahuntsic. I plan on applying to the Social Science Commerce program next year. Now what exactly is the commerce Social Science Program? It's a pre university program teaching the basic knowledge in the commerce field and that knowledge can open many doors in university like actuarial science, architecture, accounting, international trade, law, finance, human resource management, tourism and hotel management, IT, marketing, mathematics, industrial relations, economic Sciences and many more. This Glossary will explore a dozen or two basic word related to this field of study that will help you get started in this program.

Accounting
noun
the action or process of keeping financial accounts
Example: "An investigation into suspected false accounting"
fr: Comptabilité
Accounting Related Image
Administration
noun
the process or activity of running a business, organization, etc.
Example: the day-to-day administration of the company
fr: Administration
Assurance
noun
1- A positive declaration intended to give confidence; a promise. 2- Confidence or certainty in one's own abilities.
Example: "he gave an assurance that work would not recommence until Wednesday"
fr: Assurance
Business
noun
The practice of making one's living by engaging in commerce.
Example: the jewelry business
fr: Entreprise
Development
noun
the process of developing or being developed.
Example: "she traces the development of the novel"
fr: Developpement
Efficient
adjective
Achieving maximum productivity with minimum wasted effort or expense.
Example: 1- "an efficient administrator" 2- "an energy-efficient heating system"
fr: Efficace
Enterprise
noun
1- A project or undertaking, typically one that is difficult or requires effort. 2- A business or company.
Example: "a state-owned enterprise"
fr: Entreprise
Finance
noun
1- The management of large amounts of money, especially by governments or large companies. 2- Provide funding for (a person or enterprise).
Example: "the firm's finance department"
fr: Finance
Goals
noun
The object of a person's ambition or effort; an aim or desired result.
Example: "going to law school has become the most important goal in his life"
fr: But
Leadership
noun
1- The action of leading a group of people or an organization. 2- The state or position of being a leader. 3- The leaders of an organization, country, etc.
Example: "different styles of leadership"
fr: Direction
Management
noun
The process of dealing with or controlling things or people.
Example: "the management of elk herds"
fr: Management
Marketing
noun
the action or business of promoting and selling products or services, including market research and advertising.
Example: "the Western arts of marketing and distribution"
fr: Commercialisation
Objectives
noun
A thing aimed at or sought; a goal.
Example: "the company has achieved its objective"
fr: Objectif
Office
noun
a room, set of rooms, or building used as a place for commercial, professional, or bureaucratic work.
Example: "an office job"
fr: Bureau
Organization
noun
1- An organized body of people with a particular purpose, especially a business, society, association, etc. 2- the action of organizing something.
Example: 1-"a research organization" 2-"the organization of conferences and seminars"
fr: Organisation
Performance
noun
The action or process of carrying out or accomplishing an action, task, or function.
Example: "the continual performance of a single task reduces a man to the level of a machine"
fr: Performance
Project
An individual or collaborative enterprise that is carefully planned to achieve a particular aim.
Example: "a research project"
fr: Projet
Project Management
noun
The application of processes, methods, skills, knowledge and experience to achieve specific project objectives according to the project acceptance criteria within agreed parameters.
Example: "i want you to be the next project management director"
fr: Gestion De Projet
Research
noun
the systematic investigation into and study of materials and sources in order to establish facts and reach new conclusions.
Example: "we are fighting meningitis by raising money for medical research"
fr: Recherche
Sales
noun
the exchange of a commodity for money; the action of selling something.
Example: "we withdrew it from sale"
fr: Ventes
Speaking
noun
The action of conveying information or expressing one's thoughts and feelings in spoken language.
Example: 1- "clear thinking aids clear speaking" 2- "public speaking"
fr: Parler
Technology
noun
The application of scientific knowledge for practical purposes, especially in industry.
Example: "it will reduce the industry's ability to spend money on new technology"
fr: Technologie