Administrative Professional Flashcard

Front

What is productivity?

Back

Productivity is defined as the efficiency of converting inputs into useful outputs.

Front

How can employees learn more about their company?

Back

Employees can learn more about their company by reading annual reports, following business news from magazines, and observing and learning from colleagues and supervisors.

Front

What are the key functions of management?

Back

The key functions of management include planning, organizing, leading, and controlling. Writing programming code is NOT a key function of management.

Front

What is the role of the board of directors in a company?

Back

The board of directors establishes policies and oversees company operations.

Front

What is a sole proprietorship?

Back

A sole proprietorship is a type of organization owned by a single individual who is responsible for all profits and debts.

Front

What is the difference between a partnership and a corporation?

Back

A partnership is owned by two or more individuals who share profits and liabilities, while a corporation is a legal entity separate from its owners, providing limited liability.

Front

What does it mean to organize in management?

Back

Organizing in management involves arranging resources and tasks to achieve the organization's goals.

Front

What is the importance of planning in management?

Back

Planning is important as it sets the direction for the organization and helps in anticipating future needs and challenges.

Front

What is the function of leading in management?

Back

Leading involves motivating and directing employees to work towards the organization's goals.

Front

What is controlling in management?

Back

Controlling is the process of monitoring performance and making adjustments to ensure that organizational goals are met.