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Chapter 7


AB
authorityAn organizational structure in which managers at the top of the line are in charge of those beneath them.
centralizedAn organization that puts authority in one place, with top management.
decentralizedAn organization that gives authority to a number of different managers to run their own departments.
management planA business plan that divides a company into different departments run by different managers.
middle managersManagers who carry out the decisions of top management and oversee specific departments.
operational managersManagers who are responsible for the daily operations of a business, such as supervisors and office managers.
organizational chartA chart that shows how a business is structured and who is in charge of whom.
top level managersManagers responsible for setting goals and planning the future for a company.