2.2 VOCAB. Flashcards Preview

IB Business and Management > 2.2 VOCAB. > Flashcards

Flashcards in 2.2 VOCAB. Deck (20)
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1
Q

accountability

A

-extent person is held responsible for task failure or success

2
Q

burearcracy

A

-official administrative rules that govern business activity

3
Q

centralization

A

-decision-making done by small group

4
Q

chain of command

A

-formal line of authority from org. chart

5
Q

decentralization

A

-some decision-making passed on to others from central group

6
Q

delayering

A

-removing layers in hierarchy to flatten organization structure

7
Q

delegation

A

-passing on of authority to person lower in hierarchy

8
Q

directors(executives)

A

-elected by shareholders to run business

9
Q

flat organizational structure

A

-few layers in hierarchy (wide span of control)

10
Q

flexible structure

A

-adaptable human resources structure, need based

11
Q

formal groups

A

-official organization of people based on business needs

12
Q

informal groups

A

-associations formed through friendship or common interests

13
Q

matrix structure

A

-employees from different departments working on temporary project

14
Q

offshoring

A

-outsourcing to another country

15
Q

organizational chart

A

-diagram of organization structure

16
Q

outsourcing

A

-finding external people for non-core functions (cleaning, maintenance, low level support)

17
Q

re-engineering

A

-radical redesign of organization structure

18
Q

responsibility

A

-who is in charge of whom

19
Q

span of control

A

-number of people controlled by manager

20
Q

tall organizational structure

A

-many layers in hierarchy (narrow span of control)