Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Don't know
Know
remaining cards
Save
0:01
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
Retries:
restart all cards
share
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Ch. 5 Management

Business Essentials

QuestionAnswer
The process of planning, organizing, leading, and controlling a firm’s financial, physical, human, and information resources to achieve its goals is called? Management
Management process of determining what an organization needs to do and how best to get it done is called? Planning
Management process of determining how best to arrange resources and activities in a coherent structure is called? Organizing
Guiding and motivating employees to meet the organization’s objectives is called? Leading
management process of monitoring a organization’s performance to make sure goals are achieved is called? Controlling
Top managers are responsible for? Performance of the firm
What do middle managers do? Implement strategies set by the top manager
What do first line managers do? Supervise employees
A statement of how a business will achieve its purpose is called what? A mission statement
What is the time frame for a long term goal? 5 years or more
What is the time frame for a intermediate term goal? one to five years
Objective that a business hopes and plans to achieve is called what? Goals
Broad set of organizational plans for implementing the decisions made for achieving organizational goals is called a what? Strategy
President, CEO, CFO are all examples of what level of management? Top Manager
Plant manager, operations manager, division manager are all examples of what level of management? Middle Manager
Supervisor, office manager, project manager, group leader are all examples of what level of management? First Line Manager
Created by: BSHSbusiness