NOCTI Vocabulary Exam Review 1-50

the process used to accomplish organizational goals through planning, organizing, leading, and controlling people and other organizational resources

• management
• bank debt
• top management
• mortgage

a management function that includes anticipating trends and determining the best strategies and tactics to achieve organizational goals and objectives

• planning
• organizing
• vision
• Marketing

a management function that includes designing the structure of the organization and creating conditions and systems in which everyone and everything work together to achieve the organizations goals and objectives

• organizing
• Marketing
• provisions
• financing

creating a vision for the organization and guiding, training, coaching, and motivating others to work effectively to achieve the organizations goals and objectives

• leading
• ledgers
• profit
• liability

a management function that involves establishing clear standards to determine whether or not an organization is progressing toward its goals and objectives, rewarding people for doing a good job, and taking corrective action if they are not

• controlling
• risk taking
• accounting
• Marketing

an encompassing explanation of why the organization exists and where it's trying to head

• vision
• bond
• asset
• storing

an outline of the fundamental purpose of an organization

• mission statement
• wholesalers
• management
• balance sheet

the broad, long term accomplishments an organization wishes to attain

• goals
• profit
• bond
• retailers

specific, short term statements detailing how to achieve the organizations goals

• objectives
• selling
• securities
• asset

SWOT = Strengths, Weaknesses, Opportunities and Threats; a planning tool used to analyze an organizations strengths, weakness, opportunities and threats

• SWOT analysis
• financing
• goals
• liability