Functions, Roles and Skills
The process of determining an organization’s desired future position and the best means of getting there.
What is Planning?
The driving force of economics.
What are needs and wants?
The quantity of goods that producers (businesses) are willing to SELL at a particular price
What is Supply?
The worldwide movement toward economic, financial, trade, and communications integration
What is globalization?
The student most likely to rob a Shake Shack.
Who is Joshua?
The process of monitoring and correcting the actions of the organization and its members to keep them directed toward their goals.
What is Controlling?
Things you would like to have.
What are wants?
The quantity of goods that consumers are willing to BUY at a particular price
What is Demand?
What are domestic goods?
The student least likely to play professional basketball.
Who is Marwan?
How well you deal with people.
What is Interpersonal roles?
Things necessary for basic living.
What are needs?
The point at which supply meets demand
What is Equilibrium?
Products made by firms in other countries
What are foreign goods?
The pettiest person in the classroom.
Who is Mr. Longchamp?
Entrepreneur, Disturbance Handler, Resource Allocator and Negotiator
What is Decision making roles?
Most people have to make decisions because they have unlimited wants, but these are limited.
What are resources?
When demand is greater than supply
What is shortage?
Buying goods or services made in a foreign country
What is importing?
The student most likely to fall out of bed.
Who is Alex Thompson?
These are skills necessary to accomplish specific tasks within the organization. They are often associated with the operations of an organization.
What is Technical Skills?
Amount of an individual’s income that is left after deducting taxes
What is Disposable Income?
When supply is greater than demand
What is surplus?
When a company sells its goods and services to a foreign country
What is exporting?
The student most likely to wait to long to sell their stocks and lose $2,000 in one afternoon.
Who is Elijah (Shively)?