Management
What are the two types of organizational structures we talked about in class?
Centralized and Decentralized.
What do recruiters create that lists the responsibilities and duties of the job?
Job Descriptions
What are the 4 P's of marketing.
Product
Place
Price
Promotion
Name the 4 inventory systems that we talked about in class.
Just in time
Economic order Quality
FIFO (first-in First-out)
ABC Analysis
What is the Accounting Equation?
Total Assets = Liabilities + Equity
What are the three levels of management?
Low
Middle
Upper
______ Occurs when employees are trained at work.
On-the-job-training.
What are the 4 types of market segmentation?
Geographic
Psychographic
Demographic
Behavioral
When does the Quality Control Process stop?
It never stops
The _____ of a business are anything that the business owns.
Assets
In _______ organizations, authority is given to several managers instead of focused at the top of the organization.
Decentralized.
Which of the following is considered a "soft skill"
Being Forklift certified
Having a positive personality
Typing 90 words per minute
Interviewing skills
Positive personality.
What are the 3 steps in the Target Marketing Process?
Segmentation
Targeting
Positioning
______ is a system for making sure that each product meets the same performance standards.
Which of the following is a Fixed Asset?
Cash
Inventory
Land
Accounts Receivable
What are the 4 management functions discussed in class.
Planning and Decision making
Organizing
Controlling
Leading
What is the first step in CREATING a training program?
Research: Find out exactly what employees in a certain role will need to know.
What is the third stage in the product life cycle?
Maturity.
Name 3 benefits of having a good Quality Control system.
Customer Loyalty
Repeat Business
Customer Referrals
Improved Safety
Improved Market Position
Reduced Liability Risk
What is the difference between a Balance sheet and an Income statement?
Balance sheet: What a company owns and owes at a certain time.
Income Statement: How a certain company has performed over a certain period of time
Determining how best to group activities and resources is the management function of ______.
Organizing.
Competence assessment.
Scenario: I run a dog food company that have recently seen an upward trend in Profits. I finally feel as though consumers are aware of my product and that I can earn money long term. What stage of the product life cycle am I in and how would I go about marketing my dog food company?
I am in the growth stage and I should look to persuading my potential consumers
The three key elements of an operations system are?
Inputs
Operations
Outputs
The _______ Shows revenue and other expenses over a period of time.
Income statement