1.02 Business Management

Match the following

• The ability to see the “big picture” and think about how things will work together

• Human Resources

• People who work to produce goods or services

• Organizing

• The process of coordinating resources to accomplish an organization’s goals

• Management

• The management function that monitors the work effort

• Controlling

• The management function of setting up the way the business’s work will be done

• Conceptual Skills

26. Top-level management: All managers who are responsible for the operation of the company or a business unit

• Mid-level Management

• First-line Management

• Top-level Management

• Middle Management

A ________________ is a group of activities related to management, i.e., planning, organizing, staffing, directing, and controlling.

• Management Function

• Financial Resources

• Information

• Technical Skills

_______________ are all the sources of money available to a business.

• Management Function

• Financial Resources

• Information

• Technical Skills

An ​ (a)   is the ability to ​ (b)   , interact, and build relationships with ​ (c)   .

• interpersonal skill
• communicate
• others

____________________ is equipment and supplies used by businesses in their operation.

Can include money owed to the business by its customers

• Financial resources

• Human resources

• Mid-level management

• Management

Function that involves determining employee compensation

• Management

• Top-level management

• Staffing

• Manager

Ability to communicate and build relationships with others

• Planning

• Technical skills

• Conceptual skills

• Interpersonal skills

Function that involves establishing lines of authority

• Controlling

• Organizing

• Planning

• Directing