FINAL EXAM - FIN241

A process that refers to identifying and grouping of activities to be performed, defining, and delegating authority, specifying responsibility and establishing relationships to enable people to work together effectively in accomplishing objectives.

• Organizing

• Staffing

• Hiring

• Directing

A process that deals with setting up standards and taking corrective action whenever the performance deviates from the stated standards.

• Organizing

• Staffing

• Controlling

• Directing

Is the function of management in which the managers guide, instruct, and administer the performance of the employees to attain the predetermined objectives.

• Organizing

• Staffing

• Hiring

• Directing

A method of giving fiscal or non-fiscal aid to employees, which includes payments such as performance bonuses, profit sharing, recognition, and rewards.

• Organizing

• Staffing

• Salary

• Compensation

Deals with manning the organization structure by selecting efficient individuals and training them to perform the assigned tasks in the best possible way.

• Organizing

• Staffing

• Orientation

• Directing

The general layout of this program usually consists of company's mission & vision, department goals, code of conduct, and rules & regulations.

• Training

• Staffing

• Orientation

• Directing

A stage in staffing wherein the employees will learn some knowledge and skills on how to do their jobs effectively.

• Training

• Staffing

• Orientation

• Directing

Is the process of searching the candidates for employment and stimulating them to apply for jobs in the organization.

• Recruitment

• Staffing

• Orientation

• Directing

A legal right that managers have in order to use it in making orders and supervise employees.

• Authority

• Responsibility

• Recruitment

• Organizing

Employees must follow their supervisors who made the orders and are required to do what they need to do.

• Authority

• Responsibility

• Recruitment

• Organizing