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Business Management 1.01 Study Guide

AB
bachelor's degreebusiness administration can add $2,000 to $5,000 or more per year in earning potential
MBAcan add yet another $7,000 to $11,000, though many MBAs start out in higher-level management jobs with more responsibility, and consequently earn a larger salary that may include a bonus package.
Business management and administrationcareers keep businesses running, and they exist virtually everywhere, not just in office buildings, banks, or insurance companies
Business Management and AdministrationCareers do not fit strictly within categories; instead, they often overlap
Office Managementcareers can be a great entry point for other business careers.
Office ManagementAdministrative services is a term sometimes used to refer to
Office Managementare responsible for facilitating business operations through information and communication management, data processing and collection, and project tracking
Business Analyticsis sometimes referred to as business information management
Business information managementprofessionals are responsible for helping to align business and IT goals and analyzing data to aid in business decision making
Human resourcesHR) careers are all about people. HR management careers focus on staffing activities, including planning, recruitment, selection, orientation, training, performance appraisal, compensation, and safety of employees.
Human ResourcesHelping the company achieve its goals through the proper hiring and use of employees is one common human resources management job duty
Human ResourcesOrienting new employees and preparing them to do their jobs are
Supply Chain Managementprofessionals are responsible for making sure that goods flow smoothly into the marketplace
Supply Chain ManagementSupervising the transportation, storage, and handling of a company’s product is
Supply Chain ManagementFulfillment manager, import/export analyst, and inventory planner are
Supply Chain ManagementDemand forecasting is a typical job duty of an employee working
Operations Managementprofessionals are responsible for planning, organizing, coordinating, and controlling the resources needed to produce and provide a business’s goods and/or services
Operations ManagementQuality control typically falls under the umbrella of
Operations ManagementChief operations officer, process improvement specialist, and call center supervisor



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