Management Characteristics
The comparison of actual employee performance to company standards and expectations
What is CONTROLING
Type of organizational structure where employees report to more than one manager
MATRIX
Purpose of an employee performance review
To evaluate job performance
Effective business communication should be
CLEAR and CONCISE
The first step in starting a business
Development an writing of a BUSINESS PLAN
Making managerial decisions without consulting others
What is AUTOCRATIC
A business that operates under the name and system of a larger established company
FRANCHISE
Discrimination in hiring based on race is prohibited by these laws
Title VII of the Civil Rights Act
A target market is
A specific type, genre, or group of specific customers
A S.W.O.T. analysis requires identification of
Strengths, Weaknesses: You
Opportunities, and Threats: You & your Competetion
A manager who inspires and motivates employees to exceed expectations
What is TRANSFORMATIONAL LEADERSHIP
A business owned and operated by a single person
Sole-Proprietorship
The ADA primarily protects individuals with
Disabilities
The 4 "P's" of a Marketing MIX
Place, Product, Price, and Promotion
Intended function of Trade Tariffs
Tariffs are often used to protect domestic industries and domestic jobs by making imported goods more expensive than those produced in one's own country
Laissez-faire leadership is best defined as
Delegative and hands-off
Business structure that limits liability for its owners and is often owned by the public through his or her purchase of stock
Corporation
Federal law that protects employees from unsafe working conditions
OSHA
The specific accounting and financial statement that shows revenue and expenses
INCOME STATEMENT
Venture capital is
Funding from Investors
Generally NOT considered a function of management?
What is SELLING
This organizational structure has the fewest levels of management
FLAT
A conflict on which action to take based on an individual's sense of right and wrong
ETHICAL DILEMA
Financial Literacy includes
Taxes, Budgets, and Credit
One advantage and one disadvantage of international trade
Advantage: Access to New Markets and Frequently Lower Labor and Production Costs Overseas
Disadvantage: Often the loss of Domestic Industry and Domestic jobs due to the Increased cost of Domestic-Based Labor and Production