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Objective 302
| Question | Answer |
|---|---|
| Conceptual skills | The ability to see the "big pictures" and think about how things will work together |
| Controlling | The managing function that monitors the work effort |
| Directing | The management function of providing guidance to workers and work projects |
| Executive management | Top-level management |
| Financial resources | All the sources of money available to a business |
| First-line management | Supervisors who work directly with the employees who carry out the business's routine work |
| Goals | Objectives |
| Human resources | People who work to produce goods or services |
| Information | Knowledge, facts, or data |
| Interpersonal skills | The ability to communicate, interact and building relationships others |
| Management | The process of coordinating resources to accomplish an organization's goals |
| Management function | Groups of activities related to management |
| Manager | Individual whose jobs involves carrying out management functions |
| Material resources | Equipment and supplies used by business in their operation |
| Mid-level management | Managers who report to top-level management functions |
| Materials resources | Equipment and supplies used by businesses in their operation |
| Middle management | Mid-level management |
| Organizing | The management function of setting up the way the business's work will be done |
| Planning | The management function of deciding what will be done and how it will be done and how it will be accomplish |
| Resources | Items that can be used to produce goods and services |
| Staffing | The management function of finding workers for the business |
| Strategic planning | Long range planning [three to five years] for the company as a whole |
| Strategies | Plans of action for achieving goals and objectives |
| Supervisory management | First-line management |
| Tactical planning | Short-range planning[one year] of specific actions the business will take |
| Technical Skills | Ability to understand the specialized aspects of jobs |
| Top-level management | All managers who are responsible for the operation of the company or a business unit |