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#1 Business Management Chapter 1 Vocabulary Review

Chapter 1 Units 1.1 and 1.2 Vocabulary Review

AB
managementthe process of accomplishing the goals of an organization through the effective use of people and other resources.
planninginvolves analyzing information and making decisions about what needs to be done.
organizingconcerned with determining how plans can be accomplished most effectively and arranging resources to complete work.
staffingfocuses on finding individuals with the right skills to do the work.
leadingrequires working with employees to ensure they are motivated and have the resources needed to help carry out plans and get the work done.
controllinginvolves evaluating results to determine if the company's objectives have been accomplished as planned.
managercompletes all five management functions on a regular basis and has authority over other jobs and people.
supervisora manager whose main job is to direct the work of employees.
executivea top-level manager who spends almost all of his or her time on management functions and decisions that affect the entire company.
middle managercompletes all of the management functions, but spends most of the time completing specialized work in one management function or is responsible for a specific part of the company's operations.
Industrial Revolutionthe era of the eighteenth and nineteenth centuries in which machine power replaced human and animal power in the production process, leading to major business and social changes.
management sciencethe careful, objective study of management decisions and procedures in order to improve the operation of business and organizations.
classical managementstudies the way work is organized and the procedures used to complete a job in order to increase worker productivity.
administrative managementidentifies the most effective practices for organizing and managing a business.
behavioral managementis directed at organizational improvement through understanding employee motivation and behavior.
quality managementmanagement is a total commitment by everyone in an organization to improve the quality of procedures and products by reducing waste, errors, and defects.
business competitionthe rivalry among companies for customers
management strategya carefully developed overall approach to leading an organization


Twin Valley High School
VA

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