How Much I Know About Chapter 1

1.What is Management?
Management-Management is taking control and building a team to set and accomplish goals
Text definition-the process of working with and throughout others to achieve organization objectives in a changing environment.

2.What is Effectiveness?
Effectiveness-is getting what you want done
Text defintion- A central element in the process of management that entails achieving a stated organizational objective.

3.What is Efficiency?
Efficiency-is how well you get it done
Text definition- a central element in the process of management that balances the amount of resources used to achieve an objective agianst what was actually accomplished.

4. What is offshoring?
Offshoring-having a business and using a poverty country to manufacture your product.
Text definition-controversial practice of sending jobs to low-wage countries

5. What is the internet?
Internet- the internet is a place were computers link up and share information.
Text definition- global network of servers and personal and organizational computers.

6.What is E-business?
E-business- a much more efficient way of business through the internet.
Text definition-a business using the internet for a greater efficiency in every aspect of its operations.

7. What is managerial function?
Managerial Function- characertistics on how to manage a business
Text definition-general administrative duties that need to be carried out in virtually all productive orgizations to achieve desired outcomes.

8. What are managerial skills?
Managerial skills- skills to manage your business like technical, teambuilding and drive.
Text definition-specific observable behaiviors that effective managers exhibit.

9.What are small businesses?
Small business are businesses that have less than 100 employees.
Text Definition- an independently owned and managed profit-seeking enterprise with fewer than 100 eployees.

10.What is entrepreneurship?
entrepreneurship- being a person who can manage and organize a business.
Text definition-process of pursing opportunities without reguard to resources currently under one's control.