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EOPA CThompson 2

Entrepreneurship Pathway

TermDefinition
anchoring the adjustment a decision maker carries out based on information presented to him.
management the four basic functions of controlling, leading, organizing and planning, staffing (CLOPS).
organization chart a visual device that shows relationships among people and divides the organization’s work; it shows who is accountable for the completion of specific work and who reports to who.
top management highest level of management, consisting of the president and other key company executives who develop strategic plans.
middle management the level of management that includes general managers, division managers, and branch and plant managers who are responsible for tactical planning and controlling.
supervisory management managers who are directly responsible for supervising workers and evaluating their daily performance.
conceptual skills skills that involve the ability to picture the organization as a whole and the relationship among its various parts.
chain of command the order in which authority and power in an organization is wielded and delegated from top management to every employee at every level of the organization .
trial balance a summary of all the financial data in the account ledgers that ensures the figures are correct and balanced.
securities shares (stocks) and bonds.
Created by: chanelth