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Business Management: Management & Organization Flashcards | StudBud
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Business Management: Management & Organization
Business Management: Management & Organization
23 terms
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StudBud Administration
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#businessmanagement
Flashcards
23 cards
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Questions
23
Answers
1
SWOT Analysis examines a company's strengths, weaknesses, opportunities, & threats.
False
True
2
Management process of determining how best to arrange resources and activities.
Planning
Controlling
Organizing
Leading
3
Area of management that implements systems to gather, organize, & distribute information.
information
financial
operations
marketing
4
Management process of determining what a business needs to do and how best to get it done.
Leading
Planning
Controlling
Organizing
5
Area of management responsible for accounting functions and financial resources of a business.
marketing
human resource
financial
operations
6
Area of management responsible for getting consumers to buy products.
financial
operations
marketing
human resource
7
The ability to think in the abstract, and see beyond the present situation.
time management skill
conceptual skills
human relation skills
technical skills
8
This skill deals with the productive use of a person's time.
conceptual skill
human relations skill
time management skill
technical skill
9
Leadership style characterized by individual control over all decisions
Autocratic/Authoritarian
Democratic/Participative
Laissez-Faire/Free-Rein
Transactional
10
A statement of an organization's purpose and how they will conduct their business.
intermediate goals
vision statement
short-term goals
long-term goals
11
Area of management responsible for production, inventory, and quality control.
operations
financial
marketing
human resource
12
Skills in understanding and getting along well with other people.
human relation skills
conceptual skills
technical skills
time management skill
13
Process of planning, organizing, leading, and controlling an organization to achieve its goals.
goal
mission statement
management
strategy
14
Leadership style that favors social equality and encourages participation of all team members.
Democratic/Participative
Transactional
Laissez-Faire/Free-Rein
Autocratic/Authoritarian
15
Objectives that a business plans to achieve.
strategies
tactics
goals
actions
16
Skills in defining problems and figuring out a solution.
human relation skills
time management skill
decision-making skills
technical skills
17
The skills needed to perform specialized tasks are called _______________________.
time management skill
human relation skills
conceptual skills
technical skills
18
The ability to think in the abstract, and see beyond the present situation.
human relation skills
time management skill
conceptual skills
technical skills
19
Management process of continually monitoring performance to ensure goals are being met.
Leading
Controlling
Planning
Organizing
20
Management process of guiding and motivating employees to meet an organization's goals.
Controlling
Leading
Organizing
Planning
21
specifies jobs/positions in an organization and the ways in which they relate to one another
organization chart
span of control
chain of command
delegation process
22
Area of management responsible for hiring, training, and evaluating employee performance.
human resource
financial
marketing
operations
23
Leadership style in which leaders are hands-off, more relaxed and laid back.
Laissez-Faire/Free-Rein
Transactional
Democratic/Participative
Autocratic/Authoritarian