Organization and Management

What phase of economic development gave rise to modern production methods and the rise of multinational corporations beginning with the Ford Motor Company?

• Mercantilism

• Industrial Revolution

• Fordism

• Post-Fordism

A form of business organization which is owned by one person who is usually hands-on in managing the day-to-day activities.

• Sole Proprietorship

• Partnership

• Corporation

An environment of the firm which consists of elements that have a direct impact on the business operations.

• Microenvironment

• Internal Environment

• Macroenvironment

• External Environment

These are the attributes of a company that need to be improved or changed.

• Strengths

• Weaknesses

• Opportunities

• Threats

A primary management function.

• Planning

• Organizing

• Leading

• Controlling

These are specific procedures and processes made by frontline or low-level managers.

• Strategic Plans

• Tactical Plans

• Operational Plans

What phase of economic development emerged when countries used trade to accumulate wealth and build colonial empires.

• Mercantilism

• Industrial Revolution

• Fordism

• Post-Fordism

This business environment consists of political, economic, social, and technological environmental forces.

• Microenvironment

• Internal Environment

• Local Business Environment

• International Business Environment

This is a form of partnership wherein the partners have unlimited liability for the debts and obligations of the partnership.

• Corporate Partnership

• General Partnership

• Limited Partnership

This is also known as the "operating environment".

• Internal Environment

• External Environment

• Microenvironment

• Macroenvironment