Complete the sentences by filling in the blanks. Each correct answer earns points!
Business administration (business management) is the administration of a commercial enterprise, overseeing and supervising operations.
Context: Business Administration Definition
is choosing actions that guide business operations toward organizational goals.
Context: Decision-making
Administration involves managing business operations and making decisions while organizing people and other resources toward common .
Context: Management as Decision-Making and Resource Organization
In general usage, administration is the broader management function that includes associated finance, personnel, and services.
Context: Administration as Broader Management Function
Administration can refer to bureaucratic or operational performance of routine office tasks, typically and internally oriented.
Context: Routine vs Proactive Administration
Fayolâs five functions of management are , organizing, commanding, coordinating, and controlling.
Context: Henri Fayolâs Five Functions of Management
A management function focused on setting direction for future activities is .
Context: Planning
A management function focused on structuring people and resources is .
Context: Organizing
A management function focused on directing people to execute tasks is .
Context: Commanding
A management function focused on aligning activities across parts of the organization is .
Context: Coordinating
A management function focused on monitoring and ensuring activities meet objectives is .
Context: Controlling
causes a firm to be unable to utilize its resources effectively.
Context: CauseâEffect: Business management and resource utilization
Managers balance stakeholder needs and interests, which causes and growth to be more achievable.
Context: CauseâEffect: Stakeholder balancing and outcomes
Managers effectively motivate employees and recognize/reward contributions, which causes a positive and productive work to be fostered.
Context: CauseâEffect: Motivation and work environment
MBA programs include management-relevant core courses and electives, which causes students to develop management analysis and capabilities.
Context: CauseâEffect: MBA curriculum and strategy capability