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7 Cards in this Set

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  • Back
Planning
Detailed formulation of action to achieve a particular end in the management activity
OR the selectio nof activities to help the organization attain its goals
Controlling
use incentives to get individuals to make decisions that correspond to the goals of the organization
Or Book Definition
the management activity of monitoring a plan's implementation and taking corrective action
Decision Making
Choosing among competing alternatives
Value Chain
Set of activities required to design, develop, produce, market, and deliver produts and sevices to customers
Financial Accounting
Concerned with producing information for external users ( xternal accounting)
Managerial or Management Accounting
producing information for managerial use (internal)
Ethical Behavior
involves choosing decisions that are right, proper, and just