Question

A. accountability

b. authority
c. budget
d. business plan
e. empowerment
f. goal
g. line organization
h. matrix organization
i. mission
j. operational planning
k. organization chart
1. policies
m. procedure
n. responsibility
o. span of control
p. standard
q. strategic planning
r. SWOT analysis
s. unity of command
t. vision
5 CHAPTER 4 Assessment
REVIEW BUSINESS
for
Match each term with the correct definition. Some terms will not be used.
existing.
1. Broad, often inspirational view of a company's reason
2. Principle which states that each employee reports to one-and
only one-supervisor at a time.
3. Obligation to do an assigned task.
4. Specific measure by which something is judged.
5. Written financial plan for business operations developed for a spe-
cific period of time.
6. Organization which combines workers into temporary work teams
to complete specific projects.
7. Authority given to employees to make decisions and solve problems
to them.
they encounter on their jobs with the resources available
8. Business structure in which all authority and responsibility can be
traced in a direct line from the top executive down to the lowest
employee level.
9. Guidelines used in making decisions regarding specific, recurring
situations.
10. Short-term planning that identifies specific activities for each area
of the business.
11. Number of employees that any one manager supervises.
12. Obligation to accept responsibility for the outcomes of assigned tasks.
13. Sequence of steps to be followed for performing a specific task.

Answer 1

Business terms can be matched with their definitions, such as vision with a company's inspirational reason for existence, unity of command with the principle of only one supervisor per employee, and responsibility being an obligation to perform a task. The correct matches are, Options- 1(Vision), 2(Unity of Command), 3 (Responsibility), 4 (Standard), 5(Budget), 6 (Matrix Organization), 7 (Empowerment) ,8 (Line Organization), 9 (Policies), 10 (Operational Planning), 11 (Span of Control), 12 (Accountability), 13 (Procedure).

Step-by-step explanation:

When matching each term with the correct definition in the context of business, we can identify the following associations:

1. Vision: Broad, often inspirational view of a company's reason for existing.
2. Unity of Command: Principle which states that each employee reports to one-and only one-supervisor at a time.
3. Responsibility: Obligation to do an assigned task.
4. Standard: Specific measure by which something is judged.
5. Budget: Written financial plan for business operations developed for a specific period of time.
6. Matrix Organization: Organization which combines workers into temporary work teams to complete specific projects.
7. Empowerment: Authority given to employees to make decisions and solve problems they encounter on their jobs with the resources available to them.
8. Line Organization: Business structure in which all authority and responsibility can be traced in a direct line from the top executive down to the lowest employee level.
9. Policies: Guidelines used in making decisions regarding specific, recurring situations.
10. Operational Planning: Short-term planning that identifies specific activities for each area of the business.
11. Span of Control: Number of employees that any one manager supervises directly.
12. Accountability: Obligation to accept responsibility for the outcomes of assigned tasks.
13. Procedure: Sequence of steps to be followed for performing a specific task.