Business Management I Vocab Practice (1.02)

Match the following

• People who work to produce goods or services

• Organizing

• The management function of setting up the way the business’s work will be done

• Management

• The ability to see the “big picture” and think about how things will work together

• Conceptual Skills

• The process of coordinating resources to accomplish an organization’s goals

• Human Resources

• The management function that monitors the work effort

• Controlling

​ (a)   is the ​ (b)   ​ (c)   of providing guidance to ​ (d)   and work projects

• directing
• management
• function
• workers

_________________ is long-range planning (three to five years) for the company as a whole.

Match the following

• Managers who report to top-level management and who have supervisors who report to them

• Mid-level Management

• Individual whose job involves carrying out management functions

• First-line Management

• Top-level management

• Middle Management

• Mid-level management

• Manager

• Supervisors who work directly with the employees who carry out the business’s routine work

• Executive Management

26. Top-level management: All managers who are responsible for the operation of the company or a business unit

• Mid-level Management

• First-line Management

• Top-level Management

• Middle Management

​ (a)   is ​ (b)   (one year) of specific ​ (c)   the business will take

• tactical planning
• short-range planning
• actions

___________________ is the management function of finding workers for the business.

A ________________ is a group of activities related to management, i.e., planning, organizing, staffing, directing, and controlling.

• Management Function

• Financial Resources

• Information

• Technical Skills

_______________ are all the sources of money available to a business.

• Management Function

• Financial Resources

• Information

• Technical Skills

Match the following

• Plans of action for achieving goals and objectives

• Planning

• The management function of deciding what will be done and how it will be accomplished

• Goals

• Items that can be used to produce goods and services

• Resources

• Knowledge, facts, or data

• Information

• Objectives

• Strategies