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Intro to Business Chapter 7 and 8 Review

AB
Organizational chartShows how the firm is structured and who is in charge of others
PlanningAct or process of creating goals and objectives as well as the strategies to meet them
Decentralized organizationGives authority to a number of different managers
Operational managerResponsible for the daily operations of a business
Centralized organizationPuts authority in one place- top management has it
OrganizingGetting the resources arranged in an orderly and functional way to accomplish goals and objectives
Entry- level jobBeginner level position
Top- level managerResponsible for setting goals and planning for the future as well as leading and controlling the work of others
ManagementProcess or functions of planning, organizing, leading, and controlling
LeadingProviding direction and vision
ControllingKeeping the company on track and making sure goals are met
Line authorityOrganizational structure in which managers on one level are in charge of those beneath them
Middle ManagerCarries out the decisions of top management- usually resposible for various departments
Line and staff authorityOrganizational chart that shows the direct line of authority as well as staff who advise the line personnel
DepartmentalizationDivides responsibility among specific departments
Autocratic leadershipA leadership style in which one person runs everything and makes all decisions without consulting others
DelegatingGiving managers and employees the power to run things and make decisions
Free- rein leadershipA leadership style that requires the leader to set goals for managers and employees and then leaves them alone
IntegrityAn adherence to a code of ethical values, such as honesty, loyalty, and fairness
Democratic leadershipA leadership style in which managers work with employees to make decisions to get the job done
LeadershipTaking a company and its enployees in a direction based upon a vision
Human relationsThe study of how people interact in the workplace and how communication can be improved
Self- Managed teamWork groups that supervise decisions without the help or advise of others
Motivation, Self-Confidence, Communication Skills, IntegretyThe four qualities of a leader
Autocratic, Democratic, Free- ReinThe three leadership styles
A true leader is motivated by a vision and uses it to?Inspire others
The study of how people interact in the workplace is called?Human relations
A disadvantage to line authority is that the managers haveFew specilists who help with their responsibilities


Business instructor
Lourdes High School
Rochester, MN

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