Question: Match the key term to the definition Key Terms Answer Definitions Board of directors 1.Budget used for long-term investments Capital budget 2.Responsible for the securing,

Match the key term to the definition

Key Terms

Answer

Definitions

Board of directors

1.Budget used for long-term investments

Capital budget

2.Responsible for the securing, distribution, and growth of a companys financial assets

Chain of command

3.Deals with the electronic management of information within an organization

Creativity

4.Issues that occur on a daily basis and no longer than one year

Customer service

5.Executive responsible for implementing a companys overall strategy

Departments

6.Managers that concern themselves with operational issues

Directional statements

7.Formal document that identifies how the company will secure, organize, utilize, and monitor its resources

Divisions

8.A tangible item

External customer

9.Company statement that defines what is important to a company

Finance and accounting area

10.First-line managers

Goal

11.Subdivisions responsible for carrying out specific tasks of a division

Good

12.A companys statement of purpose

Human resource area

13.A companys formal lines of authority

Information systems area

14.Company statement that determines where it wants to be in the future

Innovation

15.A predetermined standard that defines how a product is to be produced

Internal customer

16.A graphic display of a companys structure

Legal counsel

17.Statements that create the foundation for why the company exists and how it will operate

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