bus 100 final exam review 2022 question and answers
5 components of management planning
Geschreven voor
BUS 100
Alle documenten voor dit vak (55)
Verkoper
Volgen
millyphilip
Ontvangen beoordelingen
Voorbeeld van de inhoud
BUS 100 Final Exam Review 2022
Question and Answers
5 Components of Management Planning - ANSWER Planning
Organizing
Staffing
Directing
Controlling
Planning - ANSWER Determining an organization objectives & how to accomplish them
Types of Planning - ANSWER Strategic: long-term, senior management
Tactical: Short range, implanting activities in strategic plan
Operational: Short-term first line supervisors
Organizing - ANSWER Structuring resources & activities to accomplish objectives
Staffing - ANSWER Selecting & training employees to meet organizational objectives
Directing - ANSWER Motivating & leading employees to meet organizational objectives
Controlling - ANSWER Evaluating & correcting activities to keep organization on course
3 Ways Businesses can be formed - ANSWER Sole Proprietorships
Partnerships
Corporations
Sole Proprietorships - ANSWER Businesses owned and operated by one individual; the
most common form of business organization in the United States
Advantage of Sole Proprietorship - ANSWER East of Cost of Formation
Disadvantage of Sole Proprietorship - ANSWER Lack of qualified employees
Partnerships - ANSWER A partnership that involves a complete sharing in both the
management and the liability of the business
Advantage of Partnership - ANSWER Ease of Organization
Disadvantage of Partnership - ANSWER Unlimited Liability
Corporations - ANSWER A legal entity, created by the state, whose assets and liabilities
are separate from its owners'
Advantage of a Corporation - ANSWER Limited Liability
Disadvantage of a Corporation - ANSWER Double Taxation
, BUS 100 Final Exam Review 2022
Question and Answers
Organizational Culture - ANSWER A firm's shared values, beliefs, traditions,
philosophies, rules, and role models for behavior
Organizational Structure - ANSWER The arrangement or relationship or positions within
an organization
Departmentalization - ANSWER The grouping of jobs into working units usually called
departments, units, groups, or divisions
Functional - ANSWER The grouping of jobs that perform similar functional activities,
such as finance, manufacturing, marketing, and human resources.
Product - ANSWER The organization of jobs in relation to the products of the firm
Geographical - ANSWER The grouping of jobs according to geographic location, such
as state, region, country, or continent
Customer - ANSWER The arrangement of jobs around the needs of various types of
customers
Business Ethics - ANSWER Principles and standards that determine acceptable
conduct in business
Social Responsibility - ANSWER A business's obligation to maximize its positive impact
and minimize its negative impact on society
Codes of Ethics - ANSWER Formalized rules and standards that describe what a
company expects of its employees
Business - ANSWER Individuals or organization who try to earn a profit by providing
products that satisfy people's needs
Profit - ANSWER The difference between what it costs to make and sell a product and
what a customer pays for it
Nonprofit - ANSWER Organizations that may provide goods or services but do not have
the fundamental purpose of earning profits
Inputs - ANSWER Capacity: max amount
Labor-force: unique
Inventory: Don't run out of supplies
Facilities: Location
Voordelen van het kopen van samenvattingen bij Stuvia op een rij:
Verzekerd van kwaliteit door reviews
Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!
Snel en makkelijk kopen
Je betaalt supersnel en eenmalig met iDeal, creditcard of Stuvia-tegoed voor de samenvatting. Zonder lidmaatschap.
Focus op de essentie
Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!
Veelgestelde vragen
Wat krijg ik als ik dit document koop?
Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.
Tevredenheidsgarantie: hoe werkt dat?
Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.
Van wie koop ik deze samenvatting?
Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper millyphilip. Stuvia faciliteert de betaling aan de verkoper.
Zit ik meteen vast aan een abonnement?
Nee, je koopt alleen deze samenvatting voor €9,79. Je zit daarna nergens aan vast.
