Business Management

5. products made by firms in the United States
7. is concerned with determining how plans can be accomplished most effectively and arranging resources to complete work.
8. completes all five management functions on a regular basis and has authority over other jobs and people.
12. requires working with employees to ensure they are motivated and have the resources needed to help carry out plans and get the work done.
14. is the ability of businesses from one country to compete with similar businesses in other countries.
15. manager whose main job is to direct the work of employees
16. focuses on finding individuals with the right skills to do the work.

1. means producing products and services quickly, at low cost, without wasting time and materials.
2. is a new idea or new implementation of an existing idea.
3. completes all of the management functions
4. is a top-level manager who spends almost all of his or her time on management functions and decisions that affect the entire company
6. involves evaluating results to determine if the company’s objectives have been accomplished as planned.
9. is letting workers participate in determining how to perform their work tasks and offer ideas on how to improve the work process.
10. products made by firms in other countries.
11. involves analyzing information and making decisions about what needs to be done.
13. means making the right decisions about what products or services to offer customers and the best ways to produce and deliver them.