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Business Management Chapter 1
Terms in this set (13)
A basic truth or law
The specific abilities people use to perform their jobs.
The process of deciding how best to use a business's resources to produce goods or provide services.
The invisible barrier that keeps women and minorities from moving up in the world of business.
The level of management that decides goals of the business, ow to meet them, and how to use company resources.
The level of management responsible for meeting the goals that senior management sets.
A person who is paid to perform management functions within a company.
A business that is independently owned and operated.
The lowest level of management.
People who start and run their own businesses.
A part that a manager plays or a function that a manager serves.
Abilities that help managers understand how different parts of a business relate to one another or to the business as a whole.
Human relation skills
Abilities managers need to understand and work well with people.
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