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Mgt Activities ch 8
Question | Answer |
---|---|
Agenda | A list of topics to be discussed at a meeting |
Chairperson | Responsible for the meeting, organises the agenda and ensures that the business of the meeting is carried out |
Control | The management function that measures actual performance and compares it to a standard set and then takes corrective action if necessary |
Co-ordination | The process of harmonising the work of different people and different departments to achieve organisational goals |
Credit Control | The control exercised by a firm over its trade debtors to ensure that customers pay their debts on time and to minimise the risks of bad debts |
Delegation | Responsibilities are assigned to a subordinate by a superior while the |