Term
|
Definition
| a decision-making technique in which group members are physically present but operate independently |
|
|
Term
| five dysfunctions of a team |
|
Definition
| absence of trust, fear of conflict, lack of commitment, avoidance of accountability, inattention to results |
|
|
Term
| 4 p meeting management model |
|
Definition
purpose, people, plan, process
|
|
|
Term
|
Definition
| a group of people collectively decide on a course of action that is counter to the preferences of any of the individuals in the group |
|
|
Term
|
Definition
| most appropriate with high degree of stress and uncertainty |
|
|
Term
|
Definition
identify the appropriate standard
measure actual performance
compare actual performance against standard
take managerial action to correct deviation or inadequate standards
|
|
|
Term
|
Definition
| corrects problems as they happen occurs in process |
|
|
Term
|
Definition
| corrects problem after they occur in output |
|
|
Term
|
Definition
| anticipates problem occurs in input of process |
|
|
Term
| three approaches to control |
|
Definition
| market, clan, bureaucratic |
|
|
Term
|
Definition
| current assets/current liability |
|
|
Term
|
Definition
| current assets-inventory / current liabilities |
|
|
Term
|
Definition
| annual credit sales / account receivables |
|
|
Term
|
Definition
| cost of goods sold/ avg inventory |
|
|
Term
|
Definition
|
|
Term
|
Definition
|
|
Term
|
Definition
| net income / total assets |
|
|
Term
|
Definition
| net income / shareholders equity |
|
|
