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EOPA KGreen3
entrepreneurship
| Question | Answer |
|---|---|
| Conceptual Skills | skills that involve the ability to picture the organization as a whole and the relationship among its various parts |
| Staffing | a management function that includes hiring, motivating, and retaining the best people available to accomplish the company's objectives |
| Autocratic Leadership | leadership style that involves making managerial decisions without consulting others |
| Participative | leadership style that consists of managers and employees working together to make decisions |
| Free-Rein Leadership | leadership style that involves managers setting objectives and employees being relatively free to do whatever it takes to accomplish those objectives |
| Knowledge Management | finding the right information, keeping the information in a readily accessible place, and making the information known to everyone in the firm |
| External Customers | dealers, who buy products to sell to others, and ultimate customers (or end users), who buy products for their own personal use |
| Internal Customers | individuals and units within the firm that receive services from other individuals or units |
| Funds | amounts of money |
| Profit | the difference between revenue and expenses |