Business Management Terminology
Exam Questions with Latest Update
A chain-of-command where the tasks and responsibilities of each level are clearly
defined - ANSWER-Vertical Organization
These individuals implement the decisions made by others. They commonly manage
departments based on functional or geographic area - ANSWER-Middle-level
Management
The function of management that involves providing a direction and vision for the
company - ANSWER-Leading
One way to obtain feedback from employees who are leaving voluntarily is through a(n)
__________. These individuals may have valuable information that can help the
company to retain future employees - ANSWER-Exit Interview
When employees feel encouraged to contribute and take responsibility in the
management process - ANSWER-Empowerment
An approach that gives employees more power by setting up groups of people who
work together and supervise themselves - ANSWER-Self-managed teams
The function of management that involves acquiring resources to accomplish goals -
ANSWER-Organizing
The process of identifying current applicants and selecting individuals who would be
best suited for your organization - ANSWER-Recruiting
The process of determining when each employee should work based on their special
skill set and based on what time or days they are available - ANSWER-Scheduling
The function of management that involves setting standards and evaluating the
performance of employees to ensure company goals are being met - ANSWER-
Controlling
These individuals are responsible for the daily activities of the business. They may also
be called supervisors, office managers, or team leaders - ANSWER-Operational
Managers
A diagram that shows how the firm is structured and who is in charge of whom -
ANSWER-Organizational Chart
Exam Questions with Latest Update
A chain-of-command where the tasks and responsibilities of each level are clearly
defined - ANSWER-Vertical Organization
These individuals implement the decisions made by others. They commonly manage
departments based on functional or geographic area - ANSWER-Middle-level
Management
The function of management that involves providing a direction and vision for the
company - ANSWER-Leading
One way to obtain feedback from employees who are leaving voluntarily is through a(n)
__________. These individuals may have valuable information that can help the
company to retain future employees - ANSWER-Exit Interview
When employees feel encouraged to contribute and take responsibility in the
management process - ANSWER-Empowerment
An approach that gives employees more power by setting up groups of people who
work together and supervise themselves - ANSWER-Self-managed teams
The function of management that involves acquiring resources to accomplish goals -
ANSWER-Organizing
The process of identifying current applicants and selecting individuals who would be
best suited for your organization - ANSWER-Recruiting
The process of determining when each employee should work based on their special
skill set and based on what time or days they are available - ANSWER-Scheduling
The function of management that involves setting standards and evaluating the
performance of employees to ensure company goals are being met - ANSWER-
Controlling
These individuals are responsible for the daily activities of the business. They may also
be called supervisors, office managers, or team leaders - ANSWER-Operational
Managers
A diagram that shows how the firm is structured and who is in charge of whom -
ANSWER-Organizational Chart
