Leadership, Administration, and Management Flashcards
Enterprise fund
a self-supporting government fund that sells goods and services to the public for a fee. Example: little league stadium; public pool.
Net operating income (NOI) definition and formula
Net operating income illustrates the annual income a property generates by adding up all annual income and subtracting all annual expenses.
NOI = (gross income generated from property x vacancy rate) - total expenses
Linear programming
mathematical technique that determines the best way to use available resources. Managers use the process to help make decisions about the most efficient use of limited resources – like money, time, materials, and machinery.
Matrix organization
Alternative to vertical or horizontal org structure. Typically there are functional managers and project managers. Employees report to both, based on their role and which project it is.
