Chapter 7: Business Management

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13 Terms

1

Departmentalization

________ divides responsibility among specific units, or departments.

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2

Organization

________ allows managers to lead and control employees and activities to get work done.

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3

operational goals

Controlling involves measuring how the business performs to ensure that financial and ________ are met.

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4

Managers

________ are often blamed when things go wrong, even if they did not cause the problem.

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5

Organizational chart

A(n) ________ shows how the firm is structured and who is in charge of whom.

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6

Management

________ includes the processes or functions of planning, organizing, leading, and controlling.

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7

word management

The ________ also refers to the people who are in charge of running a business.

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8

Entry level job

A(n) ________ is a beginner- level position.

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9

Managers

________ usually earn more money than employees in non- management jobs.

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10

Management

________ helps businesses focus on setting and meeting goals efficiently and effectively so that a profit can be made.

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11

Managers

________ need human relations skills, or skills in dealing with people.

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12

Most managers carry out four different functions of management

planning, organizing, leading, and controlling

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13

Managers usually earn more money than employees in non

management jobs

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