Performing a task with the least cost and waste possible is called this.
What is efficiency?
100
This term is a broader term for a discipline which was once known as manufacturing and production. This new term accounts for companies which provide a service.
What is operations management?
100
This necessary process is typically handled at the end of the recruitment cycle and involves the process of speaking with a candidates' previous employers and coworkers.
What is a reference check?
100
This phase of the marketing process includes the creation of a prototype, or a model of the intended item of sale.
What is product development?
100
The economic concept of supply and demand sets the prices for goods and services in this type of economic system.
What is a capitalist system?
200
This area of management handles contingency planning for issues such as a data breach, hurricane, oil spill, or a reputational crisis.
What is crisis management?
200
Allowing customers to personalize their product by selecting different colors or features to meet customer specifications is called what?
What is customization?
200
This type of evaluation allows for both peers and superiors to provide feedback on an employee.
What is a 360-degree evaluation?
200
This phase of the product development process is when a firm gears up with production, distribution and promotion of its products.
What is commercialization?
200
Buying your own unit of a national chain is considered this.
What is franchising?
300
Democratic leaders involve their employees in the decision making process, whereas this type of leader makes all of the decisions.
What is an autocratic leader?
300
Converting inputs such as fabric and buttons into outputs such as a dress is known as which process?
What is the transformation process?
300
Many employees receive these items which contribute to total compensation, which include health insurance, paid time off and retirement savings plans.
What are benefits?
300
This timeframe describes different phases of a product's success, including introduction, growth, maturity and decline.
What is the product life cycle?
300
This type of employee exposes wrongdoing at a company to external authorities?
What is a whistleblower?
400
These plans establish an organization's long-range objectives, such as expansion into new markets.
What is a strategic plan?
400
This term is used to represent the maximum production that can be made in a specified time period.
What is capacity?
400
This type of job change involves moving from one role to another without an increase in compensation or a change in rank within the organization.
What is a transfer?
400
The promotion mix includes personal selling, publicity, sales promotion, and what?
What is advertising?
400
This type of business ownership allows managers to be their own bosses, however, it is often considered financially risky.
What is entrepreneurship?
500
This layer of management has become smaller in recent years as organizations have downsized to become more efficient.
What is middle management?
500
This type of diagram is used to estimate the schedule for each step of production of an item, such as a cheeseburger at McDonald's.
What is a Program Evaluation Review Technique (PERT) diagram?
500
Layoffs, terminations, resignations and retirements are all considered this type of process involving the departure of employees?
What is a separation?
500
Companies often do this to launch new products for a short time period in a specific geographic region.
What is test marketing?
500
General Electric's acquisition of NBC in the 1980s was considered this type of merger.