Chapter 24
a person who owns and operates a business
What is an entrepreneur?
individual's ideas of what is right and wrong
What are morals?
person who guides others to a goal
What is a leader?
monitoring progress of a team to meet its goals
What is control?
set of morals that guide a person's behavior
What are ethics?
One of the owners of a corporation
What is a stockholder?
messages sent in bulk without permission
What is spam?
the body's reaction to challenges
What is stress?
skills used to help an individual find a job and perform in the workplace
What are soft skills?
in this management style the leader listens to team input but makes final decision
What is Consulting style?
form of ownership that limits the personal liability of owners
What is a limited liability company?
overstating features and benefits of a good or service
What is false advertising?
Process of hiring people and matching them to the best position for thier talents
What is staffing?
the art of using good manners in any situation
What is Etiquette?
belief about a group of people with a given set of characteristics
What is Stereotyping?
the governing body of a corporation
What is the board of directors?
Promoting the welfare of others
What is Philanthropy?
in this management style the Leader makes all the decisions
What is Autocratic style?
advantage a business has due to a positive reputation
What is goodwill?
Diagram of employee positions showing chain of command
What is an Organizational chart?
Legal agreement to operate a business in the name of an established company
What is a franchise?
the federal commission that oversees fair advertising, pricing, and trade
What is the Fair trade commission?
This management style encourages team members to participate
What is Democratic style?
process of choosing a course of action after evaluating info and weighing costs, benefits, and consequences
What is problem solving?
the form of business that is at the greatest disadvantage if one of the owners dies
What is a Partnership?