Planning
Objectives that a business hopes and plans to achieve?
What is a Goal
What is the chart called that shows the hierarchy of authority in a company?
What is an Organizational Chart
What type of communication must leaders consistently use to motivate employees?
What is clear and effective communication
What type of manager plans and oversees accounting functions and financial resources?
What is a Financial manager
Goal set for an extended time, typically 5 years or more?
What is a Long-term goal
What area of management hires and train employees, evaluates their performance, and determines their compensation?
What is Human Resources
What level of management is a president, vice president, treasurer, CEO, or chief financial officer (CFO)?
What is a Top manager
The term is used to describe the business process of inspecting products or services to ensure they meet quality standards and customer expectations?
What is Quality Control
What type of analysis helps managers evaluate internal strengths/weaknesses and external opportunities/threats?
What is a SWOT analysis
What is the process of grouping employees by similar skills or job type?
What is Departmentalization
What are the five areas of management?
What is a human resource manager, operations manager, marketing manager, information managers, and financial mangers
What type of manager is responsible for supervising the work of employees who report to them?
What is a First-line manager?
What is the term used to describe the process of scanning the business for threats and opportunities?
What is Environmental Analysis
What organizing term describes the number of people a manager is directly responsible for?
What is Span of control
What are the three management roles and skills?
What is are interpersonal roles, informational roles, and decision-making roles
Skills needed to perform specialized tasks?
what are Technical Skills
What do managers use to guess future sales or profits?
What is a forecast
Process of helping an organization maintain an effective alignment with its environment?
What is Strategic Management
Name one great skill all leaders have
Time-management skills or decision-making skills
What type of manager is responsible for getting products from producers to consumers?
What is an Operations manager