Chapter 7: Business Management

Departmentalization

________ divides responsibility among specific units, or departments.

Organization

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

operational goals

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

Managers

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

Organizational chart

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

Management

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

word management

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

Entry level job

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

Managers

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

Management

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

Managers

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

Most managers carry out four different functions of management

planning, organizing, leading, and controlling

Managers usually earn more money than employees in non

management jobs