Shared Flashcard Set

Details

Business Management
Vocab
19
Business
10th Grade
02/05/2008

Additional Business Flashcards

 


 

Cards

Term

Management

Definition

the process of achieving goals

Term

Motivation

Definition

the willingness to take action or exert effort to satisfy a need

Term

Networking

Definition

an exchange of information between individuals

Term

Mission Statement

Definition

provides direction for a business

Term

Gantt chart

Definition

a bar chart that measures time

Term

Applicant

Definition

a person who is applying for a job

Term

Goals

Definition

are the things that a business wants to accomplish

Term

Decision-Making Process

Definition

managers use this process to make the best decisions possible

Term

Leadership

Definition

the ability to influence others

Term

Time management

Definition

the ability to schedule activities to fit within a limited amount of time

Term

Organizational structure

Definition

the way a company is managed

Term

Authority

Definition

the right to give orders and the expectation that they will be carried out

Term

Code of Ethics

Definition

a formal statement of a business’ ethical expectations for employees

Term

Scheduling

Definition

planning a timetable

Term

Inventory control

Definition

when operations managers decide what raw materials to order, when, and how much

Term

Human Resources Management

Definition

is the process of hiring, training, motivating, and keeping productive employees

Term

Labor unions

Definition

a group of workers in the same position or industry

Term

Labor contracts

Definition

an agreement between a labor union and the business about working conditions, such as pay, benefits, and hours of work

Term

Recruitment

Definition

the process of attracting talented applicants to a business

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