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Entrepreneurship
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 reponsiblilities 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 receive 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:
myawn01
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