My Business Management Final Review

What does the management function of CONTROLLING deal with?

improves production processes and eliminates waste

What types of questions are legal to ask in a job interview?

Ethics is best known as

Benefits are compensation items in addition to salary/wage.

Process and behaviors of someone to motivate, inspire, and influence others.

The 4 p's of marketing are

Leadership style characterized by individual control over all decisions

Management promotes stable employment and high employee morale/satisfaction.

Management Function of PLANNING consists of

characteristic of centralized companies with multiple layers of management (US military)

Do you know the difference between balance sheet, cash flow, and income statements?

Working from home by logging in your computer and phone system

Theory ______says people like work and find it natural. Theory _____ thinks people are lazy.

A SWOT analysis looks at both internal and external

The value of the dollar today is less than it was five years ago.

Workers are motivated by recognition and can be dissatisfied by factors such as low pay

When an industry has very few sellers

Which of the 4'ps of marketing deal with cost plus, penetration, and skimming strategies?

The financial statement that shows assets, liabilities, and owner's equity.

When revenue EXACTLY EQUALS costs or expenses

Leadership style that favors social equality and encourages participation of all team members.

A statement of an organization's purpose and how they will conduct their business.

Groups of investors seeking to help small businesses start or expand

What part of the company usually deals with hiring, benefits, pay, evaluations, etc ?

The right to operate a business, using it's name, logo, products, and operating procedures

Leadership style in which leaders are hands-off, more relaxed and laid back.

specifies jobs to be done in an organization and the ways in which they relate to one another

The organization of a business with clear lines of authority and reporting from top to bottom

The SBA is