Intro 2 Bus Ch7

The act or process of creating goals and objectives as well as the strategies to meet those goals and objectives

• Controlling
• Leading
• Organizing
• Planning

Getting resources arranged in an orderly and functional way to accomplish goals and objectives

• Controlling
• Planning
• Organizing
• Leading

An organizer that shows how the firm is structured and who is in charge of whom

• Centralized organization
• Decentralized organization
• Organizational chart
• Line authority

Managers who are responsible for setting goals and planning for the future as well as leading and controlling the work of others

• Top-level manager
• Middle level manager
• Operational manager
• Entry-level job

Managers who carry out the decisions of top management

• Top-level manager
• Middle manager
• Operational manager
• Entry-level job

Managers who are responsible for the daily operations of a business

• Entry-level job
• Operational manager
• Middle manager
• Top-level manager

Providing direction and vision

• Controlling
• Leading
• Organizing
• Planning

Keeping the company on track and making sure goals are met

• Controlling
• Leading
• Organizing
• Planning

An organizational structure in which managers at the top of the line are in charge of those beneath them, and so on

• Centralized organization
• Decentralized organization
• Line and staff authority
• Line authority

An organizational structure with direct lines of authority as well as staff who advise line personnel

• Centralized organization
• Decentralized organization
• Line authority
• Line and staff authority