| A | B |
|---|
| Authority | the right to make decisions about assigned work and to delegate assignments to others (p. 8) |
| Business information management | uses technology, including the Internet, to effectively gather, organize, protect, and make information available to people in a form they can use (p. 7) |
| Controlling | function that involves evaluating results to determine if objectives have been accomplished as planned (p. 5) |
| Employee empowerment | individuals have the authority to solve problems with available resources or to develop new strategies for the betterment of the organizations (p. 8) |
| Financial management | involves obtaining funds to finance the business, managing the funds carefully, and keeping financial records accurately (p. 7) |
| Human resources management | involves determining the number and type of employees needed, recruiting and hiring the best people, offering needed training, and providing adequate compensation and benefits as well as a motivational work environment (p. 7) |
| Implementing | function that involves carrying out plans and making sure that adequate personnel are available to accomplish all the necessary tasks (p. 5) |
| Management | process of accomplishing the goals of an organization through the effective use of people and other resources (p. 4) |
| Management responsibilities | managers are responsible for accomplishing the goals of an organization through effective use of people and their resources (p. 6) |
| Marketing management | involves all the activities used to plan, price, promote, and sell an event (p. 7) |
| Planning | function that involves analyzing information and making decisions about what needs to be done (p. 4) |
| Organizing | function that is concerned with accomplishing tasks most effectively and arranging resources to complete all necessary work (p. 5) |
| Production management | works with others to determine the products to be produced, obtains needed resources, organizes production facilities/personnel, and develops/maintains a production schedule and quality control (p. 7) |
| Target market | group that management is trying to reach (p. 4) |
