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AR ENTRE 1 U5
Arkansas Entrepreneurship I Unit 5
| Term | Definition |
|---|---|
| Benefits | employee's rewards for service in addition to salary |
| Bonus | financial reward in addition to regular wage or salary |
| Commission | a percentage of a sale paid to a salesperson |
| Delegate | let other people share workloads and responsibilities |
| Empower | managers giving employees authority to make decisions without supervisory approval |
| Job description | a written statement listing the duties and responsibilities of a job |
| Management style | way of working with those whom managers supervise |
| Mentoring | one employee teams up with another more experienced employee to learn a job |
| Middle management | serves as the liaison between supervisory-level and top management and is responsible for implementing the goals of top |
| Organizational structure/chart | a plan that shows how the various jobs in a company relate to one another |
| Paid leave | employee is paid while he or she is not working; for example, vacation or sick days |
| Salaries | payments for labor or services done on an annual basis |
| Supervisory-level managers | work directly with the workers on the job and are responsible for implementing the plans of middle management |
| Top management | responsible for establishing the vision for a company and has the highest level of responsibility |
| Wages | payments for labor or services that are made on an hourly, daily, or per-unit basis |
Created by:
sreed2016
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