Business Administration

Bachelor of Business Administration (BBA)
A Bachelor of Business Administration (BBA) is a four-year degree program that equips students with comprehensive knowledge of business principles, ethics, and practices. The program encompasses a variety of business-related disciplines and offers specializations in areas such as accounting, finance, marketing, management, business statistics, and real estate.
Executive Committee
An executive committee is a senior-level management committee empowered to make and implement major organizational decisions, oversee organizational activities, request justifications for certain matters, and plan activities.
Expense Report
A comprehensive document detailing the expenses incurred by a salesperson or executive, including categories such as transportation, lodging, meals, and client entertainment, typically submitted for employer reimbursement.
First-Line Management
Supervisors on an organizational level immediately above non-managerial workers. First-line managers primarily oversee performance on line tasks. Some typical titles associated with supervisory positions are foreman, shift boss, sergeant, section head, and ward nurse.
House Account
A house account is managed directly by the main office or a high-ranking executive of a firm, rather than by individual sales representatives in specific territories.
Line and Staff Organization
Line and staff organization delineates the organizational authority between management personnel (staff) with planning and direction responsibilities and operational personnel (line) with direct job performance responsibilities. The staff functions in an advisory capacity to the line function.
Line Management
Administration of the line functions of an organization; management of all activities that contribute directly to an organization's output.
Manage
Managing involves administering an organization's activities to achieve particular objectives. It includes planning, organizing, leading, and controlling resources.
Management
Management involves the combined fields of policy and administration, as well as the people who provide the decisions and supervision necessary to implement the owners' business objectives and achieve stability and growth.
Mismanagement
Mismanagement refers to poorly managed activities within an organization. These operations fail to achieve their goals, are extremely wasteful, and generally indicate administrative procedures that are not well thought out or directed.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.