3.02 Key Terms Flashcards
Benefits
Advantages or payments employees receive in addition to their wages (e.g., sick time, holiday pay, health insurance)
Compliance
Fulfilling the requirements of the law
Conceptual Skills
The ability to see the “big picture” and think about how things will work together
Controlling
The management function that monitors the work effort
Data Processing
Converting facts and figures into useful information
Directing
The management function of providing guidance to workers and work projects
First line management
Supervisors who work directly with the employees who carry out the business’s routine work
Human resources
People who work to produce goods or services
Information management
The process of accessing, processing, maintaining, evaluating, and disseminating knowledge, facts, or data for the purpose of assisting business decision making
Information
Knowledge, facts, or data presented in a useful form
Interpersonal skills
The ability to communicate, interact, and build relationships with others
mangement function
Groups of activities related to management (i.e., planning, organizing, staffing, directing, and controlling)
Management function system (MIS)
An integrated technology that assists with an organization’s information management needs
Material resources
Equipment and supplies used by businesses in their operation
mid-level management
Managers who report to top-level management and who have supervisors who report to them
