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Unit 4 Management
Terms in this set (14)
is the process of controlling, organizing, planning and leading an organization to its organizational objectives
Setting goals and developing strategy to accomplish the goals
Setting the organizational structure and individual jobs with in it
Directing and motivating employees to accomplish organizational objectives
Evaluation performance and taking necessary action if needed
Human Resource Management
process of finding, developing and keeping the right people to form a qualified work force.
A probability or threat of damage, injury, liability, loss, or any other negative occurrence that is caused by external or internal vulnerabilities, and that may be avoided through preemptive action.
Are preventable or controllable types of risks that involve the physical well-being of employees, customers, and visitors
Are risks with two possibilities—loss or no loss. The loss a business owner faces from a hurricane
The possibility of loss, no change, or gain. This category includes strategic and financial risks
Is the process of identification, analysis and either acceptance or mitigation of uncertainty in investment decision-making.
Focuses on stopping certain losses from occurring.
When they choose not to take part in risky activity.
Lessens the impact of a loss after it occurs.
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