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EOPA BLawton 1
Entrepreneurship Pathway
Question | Answer |
---|---|
What is the definition of Management? | Controlling and making decisions about a business, department, sports team, etc. |
What are the function of management? | Planning, organizing ,leading, and controlling |
What is Tactical Planning? | Developing short term statements about is to be done, who is to do it, and how it is to be done. |
What are two different types of Tactical Planning? | Operational and Contingency |
Define tactical skills. | Skills that involve the ability to perform tasks in a specific discipline or department |
What is Free-Rein leadership? | A leadership style that involves managers setting objectives and employees being relatively free to do whatever it takes to accomplish those objectives |
what are the two branches of Economics? | Macroeconomics and microeconomics |
What does microeconomics study? | The behavior of people and organizations in a particular market |
What does macroeconomics study? | The operation of a nations economy as a whole |
Define economics? | The study of how society chooses the employ resources and distribute them for consumption among competing and individuls |