company structure Flashcards
a system in which members of an organization or society are ranked according to relative status or authority
(flat/sleep) hierarchy
the process or work of keeping financial accounts
acoounting
the process or activity of running a business, organization, etc.
administration
a person who is in charge of a worker or organization
boss
the amount of money your are allowed to spend for a particular purpose
budget
the maximum amount that something can contain
capacity
a system in a military or civil organizaton by which instructions are passed from one person to another
chan of command
the top-ranking person in a business organization, ultimately responsible for taking managerial decisions
chief executive officer(CEO)
a person with whom one workers in a profession or business
colleagues
a division of a large organization such as a goverment, university, or business , dealing with specific area of activity
department
a person employed for wages or salary, especially at non-executive level
empoyee
a pesron or organization that employes people
employer
the management of large amounths of money, especially by goverments or large companies
finance
an activity that is natural to or the purpose of person or thing
function
a design that groups similar or related occupational specialties together
funtional structure
the personal department of an organization
human resource
done or existing within an orgnization
in-house
a complere list of items of items such as property, goods in stock, or the contents of a building
inventory
the power to give orders to subordinates
line authority
a peson with direct managerial responsibility for a particular employee
line manager
is a direct linear relationship of command and defernece between superiors an their subordinates
line structure
the portion of a market controlled by particular company or product
market share
the action or business of promotion and selling products or services, including market research and advertising
marketing
is the pactice of managing individuals with more htan one reporting line
matrix management
department of all operational corporate areas
operating division
obtain (goods or a sevice) by contract from an outside supplier
outsourcing
the action of marketing or manufacturing from components or raw materials, or the process of being so manufacturing
production
the amounth by which revenue from sales exceeds costs in a business.
profit margin
change the way in which (something) is organized
reorganization
work directed towards the innovation, introduction, and improvement of products and processes.
research and development (R&D)
the exchange od commodity for money
sales
a sales team
sales force
lower in a rank or position
subordinate
higher in rank , status, or quality
superior
a company that provides a product, or the materials to make a product
supplier
having an obligation for something
to be responsible for
work jointy on an activity or project
collaborate
to reduce something
to cut back
entrust ( a task or responsibility) to another person, typically one who is less seniior than oneself
to delegate
be responsible to
to report to
