Oh What Fun(ctions)!
This function of a manager involves hiring the right people for the right jobs.
What is staffing?
What is three?
What is a monopoly?
Entrepreneurs typically start these. The most common business form.
What is a sole-proprietorship?
This is the driving factor for all businesses in a capitalist economy.
What is maximizing profit?
This function of a manager involves the process of choosing goals and actions to pursue, what strategies to use to achieve them, and what actions to take to get there.
What is planning?
This level of management sits at the top and often includes a CEO, CFO, and COO.
What is executive?
Electric companies, telecommunication companies, and other utilities are traditionally these due to high start up cost and infrastructure.
What is a natural monopoly?
These are run by two or more people who share in the work, the profits, and the liability for the company.
What is a partnership?
This is the company we studied who was convicted of being a monopoly.
What is Google (Alphabet)?
This function of a manager involves setting the vision and motivating people to do achieve it.
What is leading?
This level of management has a level above and a level below. Most never rise above this level.
What is middle management?
What is an oligopoly?
These partnerships have limited liabilities for some partners and unlimited liabilities for at least one partner.
What is a limited partnership?
Form of intellectual property that is a business name, symbol, or phrase. Protected for the life of the business if renewed on time.
What is a trademark.
This function of a manager involves establishing processes, plans, and schedules to make sure organizational goals are accomplished.
What is organizing?
This level of management is the first level of management. Most start out as this.
What is supervisor(y)?
This law established the group who promotes competition and protects consumers. It's also the name of the agency.
What is the Federal Trade Commission Act?
What are S-Corporations.
The acronym for both Social security and Medicare taxes. The name of the act that established these.
What is FICA.
This function of a manager involves evaluating results as compared to goals and objectives.
What is controlling?
In a corporation, executive management reports to this group.
What is the Board of Directors?
This is the original anti-trust law, signed in 1890.
What is the Sherman Act?
Large corporations who can issue stock and who are double taxed but have no liability for the owners.
What are C corporations?
The form used to determine allowances for employees.
What is a form W-4?