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9 terms

Intro to Business Unit 5

STUDY
PLAY
Management Plan
divides a company into different departments run by different managers.
Organizational Chart
Show how the business is structured and who is in charge of whom.
Line authority
Managers at top of organization are in charge of those beneath
Centralized Organization
puts authority in one place, with top management.
Decentralized Organization
gives authority to a number of different managers to run their own departments
Departmentalization
divides responsibility among specific units or departments.
Top-Level Managers
Responsible for setting goals and plans for the feature.
Middle Managers
Carry out the decisions of top management
Operational Managers
Responsible for daily operations of the business.