Ch 8: Business Operations

About This Chapter

Watch video lessons to learn about all aspects of business operations, from internal control procedures to the effects of external environmental changes. Take the brief, self-assessment quiz following each lesson to gauge your understanding.

Business Operations - Chapter Summary

In this chapter, learn about the inner workings of a business. Find out about store security management, inventory methods, insurance policies and cash control. You can also take a look at the factors involved in consumer credit approvals and denials. When you reach the end of the lessons, you should be able to answer questions about the following:

  • Retail security management
  • Warehouse shipping control procedures
  • Credit's 5 Cs
  • Risk management and insurance policies
  • Globalization and outsourcing
  • Cash control methods.

Our lessons are taught by well-informed instructors and feature print transcripts for easy reference to key terms and definitions. Each lesson takes about 5-6 minutes to watch and features fun animations and illustrations. Short, self-assessment quizzes follow each video and are handy for quickly checking your progress. You can view the lessons as many times as you need and can use the handy video tags to go back over select portions, besides.

8 Lessons in Chapter 8: Business Operations
Test your knowledge with a 30-question chapter practice test
Inventory Cost: Definition, Methods & Types

1. Inventory Cost: Definition, Methods & Types

Have you ever thought about how much it costs a business to keep inventory in stock? It's not just the price the business pays for the items that it keeps in stock. It is so much more. In this lesson, we will discuss exactly what constitutes actual inventory cost.

Understanding Insurance Policies and Risk Management

2. Understanding Insurance Policies and Risk Management

Obtaining insurance is one of the most common methods of risk management. In this lesson, you'll learn about insurance policies and some key concepts related to insurance. You'll also have a chance to take a short quiz.

External Environmental Changes Drive the Need for Risk Management

3. External Environmental Changes Drive the Need for Risk Management

Businesses operate in a dynamic world where the only thing for certain is that things will change. Change can bring both risk and reward. In this lesson, you'll learn how change in the business environment drives the need for risk management.

Globalization, Outsourcing & Insourcing: Impact of Technology on Careers

4. Globalization, Outsourcing & Insourcing: Impact of Technology on Careers

This lesson discusses the impact information technology has on careers. Globalization has been driven by advances in technology and has impacted job security and wages. We will specifically look at downsizing, insourcing and outsourcing.

Investment vs. Investments in Economics

5. Investment vs. Investments in Economics

Discover the important difference between investment in economics and investments that individuals make by saving out of their income. This lesson defines and outlines the basic components of gross private domestic investment.

Control of Cash: Definition & Methods

6. Control of Cash: Definition & Methods

Cash is a valuable commodity and one that is vulnerable to fraudulent activity. In this lesson, you will learn what makes up a company's cash account as well as how to control cash.

What Is Gross Profit? - Definition, Formula & Calculation

7. What Is Gross Profit? - Definition, Formula & Calculation

When we think of the word profit, we often think of how much money was made for doing something. In the accounting industry, there is more than one kind of profit. In this lesson, we'll discuss what gross profit is and how it is calculated.

Resource Allocation in Management: Methods, Process & Strategy

8. Resource Allocation in Management: Methods, Process & Strategy

Only so many resources are available, and a business must decide where to use them. In this lesson, you'll learn about resource allocation, the ideal method, and a typical allocation process. A short quiz follows the lesson.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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