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WorksheetsBusiness Organization Part 2 Vocabulary Quiz
Total questions: 22
Worksheet time: 1hrs 6mins
Draw a picture of an organizational chart
work is arranged within main business functions such as production, operations, marketing, and human resources
functional organizational structure
matrix organization structure
organizational chart
venture capital
(a) an invention or creation that is brand new
provides the necessary cash and credit to produce, transport, store, promote, sell, and buy products
financing
productivity
risks
business plan
Define "Unity of Command"
the process of starting, organizing, managing, and assuming the responsibility for a business
venture capital
financing
imrovement
entrepreneurship
work is structured around specific projects, products, or customer groups
organizational chaart
functional organization structure
matrix organizational structure
entrepreneurship
money provided by large investors to finance new products and new businesses that have a good chance to be very profitable
venture capital
improvement
innovative
productivity
improvement
the quantity of goods and services produced from each unit of labor input
the money needed to pay for the current operating activities of a business
taking responsibility for the results achieved
A designed change that increases the usefulness of a product, service, or process.
mission statement
A designed change that increases the usefulness of a product, service, or process.
the quantity of goods and services produced from each unit of labor input
the money needed to pay for the current operating activities of a business
a short specific statement explaining the reason a business exists and what it wants to achieve
A (a) is a precise statement of results the business expects to achieve.
(a) are unforeseen events and obstacles that can negatively affect business
the quantity of goods and services produced from each unit of labor input
risks
improvement
productivity
financing
(a) are guidelines used in making consistent decisions.
(a) are descriptions of the way work is to be done.
the obligation to complete specific work
(a)
the right to make decisions about how responsibilities should be accomplished
procedures
responsibility
authority
goal
taking responsibility for the results achieved
authority
responsibility
accountability
procedures
A written description of the business idea and how it will be carried out, including all major business activities.
goals
venture capital
business plan
risks
money needed for the main resources of a business that will last for many years
long-term financing
short-term financing
start-up financing
risks
the money needed to pay for the current operating activities of a business
long-term financing
short-term financing
start-up financing
business plan
the amount of money needed to open the business
long-term financing
short-term financing
start-up financing
business plan
