| A | B |
|---|
| SWOT | strengths, weaknesses, opportunities, threats |
| cost | Maximize profits by utilizing this standard |
| decentralized organization | Local managers responsible for the decisions of planning and organizing |
| self-directed teams | Empowered work teams that have complete control over the assigned workload |
| authority | The right to make business decisions and assign job tasks to subordinate staff members |
| quantity standard | A measurement to control errors or imperfections in products |
| responsibility | Accepting commitment for a special project |
| stockholder | Purchases ownership and voting rights within a corporation |
| executive | Responsible for product development and the direction in which the company moves |
| board of directors | A panel of business people that governs management and protects the interests of the shareholders of a corporation |
| mid-manager | Makes decisions about the purchase of additional computer equipment |
| supervisor | Entry-level position and is responsible for directing the work of employees |
| job description | Contains job duties and requirements |
| daily goal | Things that need to be completed within a 24-hour period |
| auditor | An employee or an outside examiner who conducts a systematic review comparing work performed to established procedures and policies |
| mission statement | A statement of the purpose and direction of the business |
