Unit 3 Mid-Term Exam Crossword Challenge

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Across
  1. 4. When managers determine that an organization is not making sufficient progress toward achieving its goals and objectives and they develop corrective measures, they are involved in: ____________.
  2. 6. The management function concerned with anticipating future trends and determining the best strategies to achieve and organization's goals and objectives is known as: ________________.
  3. 8. ______ is the amount a business earns over and above what it spends for salaries and other expenses.
  4. 10. _______________ describes the redesigning of an organization so that it can more effectively and efficiently serve its customers.
  5. 11. The process of rating an organization's practices, processes, and products against the best of the world is known as: ________________.
  6. 14. _______ is the art of getting things done using organizational resources.
Down
  1. 1. In a partnership, a(n) _____ partner is an owner who is active in managing the company and has unlimited liability for claims against the firm.
  2. 2. The laws we have written establish the standards of ________ behavior.
  3. 3. ___________ is a characteristic of successful entrepreneurs.
  4. 5. A _________ organization is characterized by direct two-way lines of responsibility, authority, and communication running from the top to the bottom of the organization, with all people reporting to only one supervisor.
  5. 7. As a manager, two of Sylvia's strengths are her ability to communicate goals clearly, and her ability to guide, coach, and motivate workers. Based on these strengths, ______ is a management function Sylvia is likely to be good at performing.
  6. 9. _______ is the chance a business owner will lose the time and money invested in a business that proves to be unprofitable.
  7. 12. A(n) ______ consists of one person at the top of the organization and many levels of managers who are responsible to that person.
  8. 13. The total amount of money that businesses earn by selling goods and services is called _____.
  9. 14. In a _________ organization, specialists from different parts of an organization are brought together to work on specific projects, but these specialists still remain part of a traditional line-and-staff organizational structure.
  10. 15. ______ refers to standards of moral behavior.