Business Applications

What kind of authority is in each of these business organizations? Centralized

Authority is at the top in one place

What kind of authority is in each of these business organizations? Decentralized

Authority is given to different bosses to each run their departments

List the levels of managers in order of authority.

Chief Executive Officer Top-level manager Middle manager Operational manager

List basic technology tools that employees should be able to use.

Computers The Internet Email Word processing, slide presentation, and spreadsheet software Other types of software

How can unethical business practices affect the success of a business?

Customers may boycott the business

List at least five typical standards or qualities that contribute to the success of a business.

Effectiveness Workplace safety Communication Teamwork Customer service

What skills do employers look for in employees?

Honesty Responsibility Dependability Teamwork Communication enthusiasm

What kind of authority is in each of these business organizations? Departmentalized

Responsibilities are divided between departments in businesses

Social Responsibility

Social responsibility is the idea that businesses should benefit society. Like non-profit charity organizations, many businesses try to help society.

List the steps of the decision-making process.

State the problem. List the options. Determine the pros and cons. Choose the best option. Evaluate the decision/choice.

Describe each of these trends in business. Green business

The idea that businesses need to be mindful of the environment

Describe each of these trends in business. Social responsibility

The idea that businesses should be active participants in society

Describe each of these trends in business. Globilization

The practice of doing businesses overseas

Describe each of these trends in business. Technology

This includes changes in communication and the ways businesses operate. New trends in the way businesses operate include a remote workforce, e-commerce, and digital marketing.

What marketing activities do business people do?

This is the process of developing, promoting, distributing, and selling goods and services to consumers. Marketing has to do with the way the company and the company's goods or services are presented to the public.

Delegator

This leader assigns responsibility for decision making and completion to employees.

Coach

This leader closely supervises but explains decisions, asks for feedback.

Director

This leader gives others specific instructions and closely supervises.

Supporter

This leader shares decision-making and encourages independent task completion.

Explain why business people should understand business finance.

To get funds to start a business, pay employees, pay taxes, keep a profit margin, keep track of sales, and budget the cost of running a business

1.1.3 What does a manager do?

plan, organize, lead, control