100 Flashcards
Attempting to anticipate and control the future
Planning
Placing cable people in positions of work
Staffing
Measuring and correcting activities
Controlling
Relating resources to accomplish objectives
Organizing
Causing people to contribute to achievement of objectives
Directing
False
9 and 10
How scarce resources are allocated for the production of goods is ultimately determined by the what?
Consumer
A business partnership is a business that has how many owners?
Two or more
Which function is not a function of management?
Accounting
The resources of a firm include what?
Buildings, people, and money
Each owner is fully liable for the debts made by the other owners in a?
General partnership
The effort exerted and doing or making something is?
Work
The process of combining the resources of a business to achieve a desired goal is?
Management
Hey small grocery store with a single owner is an example of what ownership?
Sole-proprietor
Almost every person in our society is about the consumer and a what?
Producer
The percentage of women participating in the labor force has increased in every major industry except agriculture and?
Personal services
In recent years, gains have been made by ethnic what in the areas of both production and consumption?
Minorities
When one owner supplies only financial support of a business and is either unwilling or unable to participate in the daily management of the business the what form of ownership is often used?
Limited-partnership
To be a consumer, most people must also be a what?
Producer
The purpose of the control function of management is to correct situations that did not meet to establish?
Standards
A closely held corporation is similar to a?
Partnership
