POB Chapter 7 Review

A ____ outlines how company decisions are made.

• rule book

• policy

• procedure

• guide

The ____ of a business identifies the hierarchy of the employees within a business.

• roles

• rules

• standards

• organizational structure

____ is the process of controlling and making decisions about a business.

• Management

• Finance

• Marketing

• Production

____ plans are created for the long-term goals of an organization.

• Tactical

• Operational

• Strategic

• Contingency

The process of recruiting, hiring, training, evaluating, and compensating employees is called ____.

• managing

• organizing

• staffing

• controlling

The practice of organizing time and work tasks to increase personal efficiency is called ____.

• evaluating

• interpersonal skills

• leadership

• time management

The ability to analyze a situation, interpret information, and make reasonable decisions involves ____.

• broad thinking

• critical thinking skills

• decision making

• efficiencies

_ consists of a company's board of directors, president, and other high-ranking managers.

• Top management

• Middle management

• Bottom management

The practice of organizing time and work tasks to increase personal efficiency is called time management.

• True

• False

A(n) _ is a group of two or more people working together to achieve a common goal.

• department

• organization

• team