This step of management covers setting goals and formulating a strategy for your business.
What is Planning
100
This management skill involves programs and computer systems.
What is Technical Skills
100
This type of business is the most owned in the United States and has one person owning the business.
What is Sole Proprietorship
100
These are provided by the government as public services. (Name 3)
What is Parks/Recreation, Fire, Police, Military, and Postal Service
100
There are three levels of management moving from the store manager to the owner.
What are First-Line, Middle, and Top-Level Managers
200
This step of management deals with motivating your employees to achieve the company's goals.
What is Leading
200
This management skill means you work well with people.
What is Human Relation Skills
200
This type of business is when two companies work together for a project and at the end of the project are separate again.
What is Joint Venture
200
This act covers the first public offering of stock by a company.
What is the Securities Act
200
This is a statement of the overall goals of a company.
What is Mission Statement
300
This step of management creates a structure for your company and sets up reporting lines.
(Example: Manager to District Manager to Regional Manager to CEO)
What is Organization
300
This management skill involves seeing the "big picture" and how to get there.
What is Conceptual Skills
300
This type of business, when created, becomes its own identity according to the government. This gives the owners liability protection.
What is Corporation
300
This act allows you to have 12 weeks of leave when a you or a family member needs medical care.
What is Family Medical Leave Act (FMLA)
300
The three levels of goals that cover one year, 1-5 years, and more than 5 years.
What are Short Term, Intermediate Term, and Long Term
400
This step of management is where you review your goals and strategies to see where you're doing well and where you're not to rework your strategies and goals.
What is Controlling
400
This management skill involves being able to organize yourself to be the most efficient possible.
What is Time Management Skills
400
This type of business takes the ideas, product, marketing, and organization structure of a well known business and uses it.
What is a Franchise.
400
This act prohibits the distribution of intellectual works (music, videos, books, etc.) without proper permission.
What is Copyright Act
400
When creating a strategy companies look at this internal strengths/weaknesses and external opportunities/threats called a
What are SWOT Analysis
500
Name the steps of management in order
What is Planning, Organizing, Leading, and Controlling
500
This management skill lets you make the choices needed to make your business successful.
What is Decision-Making Skills
500
The three categories a business can fall into when creating or selling a product or service.
What is Producer, Intermediary, and Service
500
This act makes sure you have a safe workplace environment.
What is Occupational Health and Safety Act (OSHA)
500
This is the shared experiences and environment of a company.