BUS X100 Exam 4 Study Guide Questions and Answers

accountability Answer the principle that employees who accept an assignment and the authority to carry it out are answerable to a superior for the outcome. agenda Answer a calendar, containing both specific and vague items, that covers short-term goals and long-term objectives. analytical skills Answer the ability to identify relevant issues, recognize their importance, understand the relationships between them, and perceive the underlying causes of a situation. business ethics Answer principles and standards that determine acceptable conduct in business. centralized organization Answer a structure in which authority is concentrated at the top, and very little decision-making authority is delegated to lower levels. classical theory of motivation Answer theory suggesting that money is the sole motivator for workers. code of ethics Answer formalized rules and standards that describe what a company expects of its employees. committee Answer a permanent, formal group that performs a specific task. compressed workweek Answer a four-day (or shorter) period during which an employee works 40 hours. conceptual skills Answer the ability to think in abstract terms and to see how parts fit together to form the whole. controlling Answer the process of evaluating and correcting activities to keep the organization on course. decentralized organization Answer an organization in which decision-making authority is delegated as far down the chain of command as possible. delegation of authority Answer giving employees not only tasks, but also the power to make commitments, use resources, and take whatever actions are necessary to carry out those tasks. directin