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Business management 1

TermDefinition
Benefits Advantages or payment employees receive in addition to their wages (e.g., sick time, holiday pay , health insurance
Commissions A percentage of the total sale amount paid to the individual or business that makes the sales
Compensation Pay or wages for work completed
Continuous Ongoing; without stopping
Controlling The management function that monitors the work effort
Dimesion Aspect; feature
Directing The management function of providing guidance to workers and work projects
Dynamic Cleaning; changeable
Human resources People who work to produce goods and services
Job description Explanation of responsibilities and takes associated with a specific job
Job specification Explanation of the skills, knowledge, and characteristics required for job
Mission The business or organization's purpose for existing
Morale the state of a person's attitude or outlook on life affects his/her approach to work
Negotiation The process of one party reaching an agreement with another party to meet specific need or wants
Obsolete Outdated; useless
Onboarding Staffing tasks that must be preformed when a new employee joins the company (e.g., orientation and paperwork)
Organizational culture the customers, traditions, and habits of employees working together at a particular firm
Organizational structure The company's configuration of employees for accomplishing specific business tasks; how the business is organized
Organizing The management function of setting up the way the business's work will be done
Philosophy The combination of principles, attitudes, or beliefs held by individuals or organizational that influence their behavior
Planning The management function of deciding what will be done and how it will be accomplished
Recruiting Seeking out and attracting qualified potential employees
Retain Keep
Staffing The management function of finding, training, and compensating workers for the business
Telecommute To work from home or somewhere other than the office
Vison The future of a business or organization wants to create
Workforce analysis An assesment of an organization's
Workload analysis An assignment of an organization's an future human resources needs
Created by: q.esmeralda26
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