D073 Best Practices in Management: Projects, Staffing, Scheduling, and Budgeting Already Passed

D073 Best Practices in Management: Projects, Staffing, Scheduling, and Budgeting Already Passed "Great Man" A nineteenth-century theory proposed by Thomas Carlyle that states that history is largely explained by the impact of great men or heroes and their superior intellect and other attributes. You are either born to be a leader or not. 360 Evaluation A process through which feedback from an employee's subordinates, colleagues and supervisors as well as a self-evaluation by the employee themselves is gathered Accounts Receivable Money owed to a company by its debtors Acquisitiveness Excessive interest in acquiring money or material objects Affiliative The need to form social or emotional bonds with others Allocation To distribute or to give each person a portion of something. Assets Property owned by an organization or individual; used to pay off liabilities Assumptions Anything that is accepted as true or certain to happen, without proof Attributes A quality or feature of something. Attrition It is not to replace employees when they leave Authoritarian To act in a dictatorial manner. Enforcing strict obedience. Balance sheet A statement of assets, liabilities, and capital for an organization at a particular point in time Behavioral theory Behavioral theory is based on the premise that behaviors are conditioned as a result of experiences with the environment; anyone can be trained to behave in a preferred way. Bias A prejudice in favor or against one thing, person or group compared to another, usually in a way that is considered unfair or unjust Bottom-Up Approach Starts with the employees. They are surveyed as the main users of a system to gather information on how to implement a change Business Indicators Numbers that may indicate a positive or negative trend. Examples include demand for product, profit margin, revenue, professional development levels of workforce, market share, amount of debt, and deals finalized by the sales team. Business Units A logical segment of a business representing a specific business function and which has its own vision, strategy, and direction Capital Assets Capital assets are significant pieces of property such as buildings, cars, investment properties, stocks and bonds Cash Disbursements The money paid out by an organization to settle an obligation Cash Receipts The money received by an organization as payment for a good or service Central-Tendency The tendency for data to move toward the mean value over time. Central tendency is also a measure of a single value that describes how data cluster around a central value. This value can be used to represent a sample. Change Management Process Includes all of the processes involv