Chapter 5 Flashcards
1
Q
Management
A
The ability to achieve results through people
2
Q
Managers
A
The people specifically responsible for achieving the objectives set for the business
3
Q
Management skills
A
Leadership
Motivation
Communication
4
Q
Management activities
A
Planning
Organizing
Controlling
5
Q
Where is management relevant
A
Business
Home
Schools
Local community
6
Q
Characteristics of managers
A
Flexible Realistic Energetic Decisive Risk taker Innovative Confident
7
Q
Entrepreneur skills
A
Planning People skills Problem solving Time management Networking Stress management
8
Q
Entrepreneurs vs Managers
A
Ideas and creativity
Personal risk-taking
Managing day-to-day business
