AS 400 First Term Exam

the process of starting a business, organizing the resources, and assuming the risks & rewards.

Those who work directly on a job or task who have no responsibility for overseeing others’ work

use of scientific method to determine “one best way” to do a job & train workers that way.

a set of rules or principles that define right and wrong conduct.

a collection of people brought together to accomplish a specific purpose:

the advent of machine power, mass production & efficient transportation.

deciding what to do and how to do it. (who does task, chain of cmd, and who makes decisions)

a person who directs the activities of other people in the organization

Hierarchy – a series of graded or ranked persons or elements.

motivating employees, directing others’ activities, and resolving conflicts:

a formal statement of an organization’s core values & rules it expects all to follow.

the process of getting things done, through & with other people, efficiently & effectively

using outside organizations to provide necessary products and services

defining goals, setting strategy, and coordinating activities

the breakdown of jobs into narrow, repetitive tasks

ability to use tools, procedures & techniques in a manger's specialized field.

the ability to work with, understand, mentor, and motivate people.

Multinational corporation: a home base in one country & no operations in other countries

Technology: equipment, tools, or operating methods designed to make work more efficient.

Systems approach: a set of related & interdependent parts arranged to produce a unified whole.

Any computer transaction that occurs when data are processed and transmitted over the Internet.

Optimization – making a system or design as ineffective as possible.

a term that includes all activities included in a successful Internet-based enterprise.

laying off large numbers of people in order to create a more efficient operation

Principles of management: fundamental or universal truths of management practice.