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Entrepreneurship 5
Unit 5: Managing the Business
| Question | Answer |
|---|---|
| employee's rewards for service in addition to salary | Benefits |
| financial reward in addition to a regular wage or salary | Bonus |
| a percentage of a sale paid to a salesperson | Commission |
| let other people share workloads and responsibilities | Delegate |
| managers giving employees authority to make decisions without supervisory approval | Empower |
| a written statement listing the duties and responsibilities of a job | Job Description |
| way of working with those whom managers supervise | Management Style |
| one employee teams up with another more experienced employee to learn a job | Mentoring |
| serves as the liaison between supervisory-level and top management and is responsible for implementing the goals of top | Middle Management |
| a plan that shows how the various jobs in a company relate to one another | Organizational Structure/Chart |
| employee is paid while he or she is not working; for example, vacation or sick days | Paid Leave |
| a list of people who recieve salary or wage payments from a business | Payroll |
| payments for labor or services done on an annual basis | Salaries |
| work directly with the workers on the job and are responsible for implementing the plans of middle management | Supervisory-level Managers |
| responsible for establishing the vision for a company and has the highest level of responsibility | Top Management |
| payments for labor or services that are made on an hourly, daily, or per-unit basis | Wages |
Created by:
madisonhey
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