Comprehensive Management and Business Structures Flashcards for Learning

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Sociology - Management

charlotte1oxhi Created by 10 mon ago

Cards in this deck(33)

The process of creating a new legal entity that is separate from its owners/shareholders and protects them from personal liabilities is known as _____.

A set of well-defined and methodical skills taught to persons who aspire to be managers is called _____.

"Management is that function of an enterprise which concerns itself with direction and control of the various activities to attain business objectives" is a definition by _____.

According to _____, "Management is defined for conceptual, theoretical and analytical purposes as that process by which managers create, direct, maintain and operate purposive organization through systematic, coordinated, co-operative human effort."

According to _____, "Management is not people; it is an activity like walking, reading, swimming or running. People who perform management can be designated as members of management or executive leaders."

Management is one of the components of production, along with land, labor, and capital. This concept is known as _____.

_____ in management is the most important input in the success of any organized group activity since it assembles and integrates other production elements such as labor, capital, and materials.

Management is a goal-oriented activity, thus it must be _____. It coordinates employee efforts in order to achieve the organization's goals.

Planning, organizing, staffing, directing, and managing are all _____ processes in management. These functions are so intertwined that it's impossible to pinpoint the order in which they occur or their relative importance.

The essence of management is the _____ of human and non-human resources in order to accomplish the desired outcomes. All of these resources are available to those in charge.

A command and control system hierarchy is represented by management as a group of managers. This is known as the _____.

Management is applicable to everyone. This concept is known as _____. Management principles and approaches can be used in a variety of settings, including business, education, the military, government, and hospitals.

Of all the management functions, _____ is the most basic and ubiquitous. If people working in groups are expected to perform well, they must understand what has to be done, what tasks they must conduct in order to complete the 'what,' 'how,' and 'when.'

The management function that entails identifying the activities required to meet corporate objectives and carry out plans, grouping those activities into jobs, assigning these jobs and activities to departments and individuals, and delegating responsibility is called _____.

Permanent _____ is a vital management function. The next logical step in the management process is to hire suitable personnel to carry out the tasks after determining objectives and formulating strategies and policies.

The process of motivating people to do their best work and contribute their full potential to the attainment of corporate objectives is known as _____.

The process of establishing relationships between various sectors of an organization so that they all pull in the same direction is known as _____.

The management function that ensures that divisional, department, sectional, and individual results are in line with predetermined goals and objectives is called _____.

The _____ of a company consists of owners/shareholders, Board of Directors, its Chairman, Managing Director, or the Chief Executive, or the General Manager or Executive Committee having key officers.

The ultimate source of authority, which sets the company's goals, rules, and plans, and spends more time planning and arranging activities, is known as _____.

_____ consists of functional department heads, such as the purchasing manager, production manager, marketing manager, financial controller, and divisional and sectional officers.

The job of _____ is to put top management's policies and plans into action. It acts as a vital link between upper-level management and lower-level or operational management.

_____ is made up of superintendents, foremen, and supervisors.

This level of management is at the bottom of the management structure, and it is responsible for real operations. It is known as _____.

A business owned and operated by one person, where the owner and the business are synonymous in the eyes of the law, is called _____.

A _____ involves two or more people who agree to share in the profits or losses of a business.

Partnerships are based upon a partnership agreement, also known as articles of _____.

A _____ is a company where individuals agree to run the business as partners and share an equal share of profits and losses.

A _____ is more structured than general partnerships and has both general and limited partners.

A type of partnership where owners are not held personally responsible for the business's debts or other partners' actions is called a _____.

An _____ can have two or more owners, called members.

A _____ is a legal entity that is created to conduct business.

A _____ is defined as "an artificial being, invisible, intangible and existing only in contemplation of law. Its ownership is divided into shares of stock."

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Comprehensive Management and Business Structures Flashcards for Learning

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