Chapter 1
Population born between 1945 and 1964
What is baby boomers?
Sequence of steps to be followed for performing a specific task
What is Procedure?
A business owned by two or more people
What is a Partnership?
Manager whose job is to direct the work of employees
What is a Supervisor?
Illustration of the structure of an organization
What is Organizational Chart?
Those to whom money is owned
What is a Creditor?
Manager who spends most of their time on management functions and decisions that affect the entire company
What is an Executive?
Specific statement of a result the business expects to achieve
What is a Goal?
Owned and managed by one person
What is a Sole-Proprietorship?
Process of accomplishing the goals of an organization through the effective use of people and other resources
What is Management?
Specific measure against which something is judged
What is a Standard?
A parent company of a franchise agreement that provides the product or service
What is a Franchisor?
Theory directed at organizational improvement through understanding employee motivation and behavior
What is Behavioral Management?
Acronym used to create an effective goal
What is a S.M.A.R.T. Goal?
Government supported agency that counsels, assists, and protects the interests of small businesses
What is the SBA?