Mgmt. Semester One Review

Front

Having professional character, spirit, or methods refers to what vocabulary term?

Back

professionalism

Front

The ability to use one's time effectively or productively, especially at work refers to what vocabulary term?

Back

time management

Front

A _______ to communication is anything that can prevent a message from being received

Back

barrier

Front

A business that operates out of a physical facility (instead of online) refers to what vocabulary term?

Back

brick-and-mortar

Front

A _____ business model charges a fee for a specific service.
Example: Hair stylists, accountants and real estate agents

Back

fee-for-service

Front

Under a _____ business model, a company buys a product and then allows another company to use the product for a fee. Example: A business that rents machinery like backhoes, augers and dozers.

Back

leasing

Front

Economic factors influence business in that they impact customers’ willingness and ability to spend money. Customers spend more or less depending on economic factors such as all of the following EXCEPT? Changing incomes, Interest rates, Personal preferences or tastes, Inflation

Back

Personal preferences or tastes

Front

This type of business provide goods in their natural, or raw, states. They include businesses such as farms, mines, fisheries, and lumber companies.

Back

Raw Good Producer

Front

What type of organizational design is where the organization is broken down into units different from the traditional departments found in a functional structure? The purpose of this is to create teams—or divisions.

Back

Divisional

Front

The ______ organizational design combines the functional structure and the divisional structure. Authority flows both down and across the organization.

Back

matrix