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Lesson 7 - Organizing and managing an enterprise

Lesson 7 - Organizing and managing an enterprise
28問 • 2年前
  • JXBLITHE _07
    • 通報

    問題一覧

  • 1

    Why do you go to business? (5)

    1. Personal satisfaction 2. Family involvement 3. Independence and power 4.Social activities 5. Profit expectation

  • 2

    They enjoy challenges and risk-taking ventures. The business success gives them a sense of fulfillment.

    Personal satisfaction

  • 3

    They feel it is their responsibility to continue the business of their parents, especially if it is profitable. Ex. National Book Store

    Family involvement

  • 4

    They want to be the boss. They love to make their own decisions and implement them. They prefer independence, power, fame and fortune.

    Independence and power

  • 5

    There are people who are really born socializers. They love social activities. They take social contacts to promote their business interests.

    Social activities

  • 6

    Some individuals are greatly motivated by profit or the chance to amass wealth.

    Profit expectation

  • 7

    Is a group of two or more persons who work together to attain a common set of goals.

    Organization

  • 8

    is a process of combining and coordinating resources and activities in order to accomplish efficiently and effectively certain objectives.

    Organizing

  • 9

    The best resources of the organizations are its _________ – not money, machines, materials or buildings.

    Employees

  • 10

    It indicates positions and relationships.

    Organizational structure

  • 11

    What is the example of an organizational chart?

    Manager-owner Office super visor - Sales supervisor Accountant - Salesman Clerk - Salesman Messenger - Salesman

  • 12

    What are the forms of Business or Organization?

    Single proprietorship Partnership Corporation Cooperatives

  • 13

    This is a form of business organization that is owned and usually managed by one person. It is the oldest and simplest form of ownership. They dominate the agriculture, retailing and service industries. It is registered with DTI.

    Single proprietorship

  • 14

    What are the advantages and Disadvantages of Single proprietorship?

    ADVANTAGES: 1. Ease and low cost of formation and dissolution. 2. Retention of all profits. 3. Independence and flexibility. 4. Tax advantage and less government regulation. DISADVANTAGES: 1. Unlimited liability 2. Lack of stability. 3. Limited access to credit. 4. Limited business skills and knowledge.

  • 15

    It is an association of two or more persons who act as co-owners of a business. They are usually engaged in accounting, law, advertising, real estate and retailing.

    Partnership

  • 16

    What are the advantages and disadvantages of Partnership?

    ADVANTAGES: 1. Easy to organize. 2. Availability of more capital and credit. 3. Retention of profits. 4. Better business skills and knowledge. DISADVANTAGES: 1. Unlimited liability. 2. Lack of stability. 3. Management disagreement. 4. Idle investment.

  • 17

    It is an artificial being created by operation of law, having the right of succession, and the powers, attributes and properties expressed authorized by law or incident to its existence.

    Corporation

  • 18

    Corporation is an artificial being invisible, tangible and existing only in contemplation of the law. (US Chief Justice – ___________)

    John Marshall

  • 19

    shares or certificates of ownership of a corporation.

    Stocks

  • 20

    What are the advantages and disadvantages of Corporation?

    ADVANTAGES: 1. Limited liability. 2. Easy to raise capital. 3. Perpetual life. 4. Specialized management. DISADVANTAGES 1. Difficult to organize. 2. Strictly regulated and supervised by the government. 3. Some corporations are socially irresponsible. 4. Formal and impersonal employer-employee relationship.

  • 21

    A duly registered association of persons, with a common bond of interest, who have voluntarily joined together to achieve a lawful common social or economic end, making equitable contributions to the capital required and accepting a fair share of risks and benefits of the undertaking in accordance with the universally accepted principles of cooperation.

    Cooperatives

  • 22

    What are the 6 following under cooperatives?

    1. Open and voluntary membership 2. Democratic control 3. Limited interest on capital 4. Division of net surplus 5. Cooperative education 6. Cooperation with other cooperatives

  • 23

    What are the objectives of cooperatives?

    1. To encourage thrift and savings among members. 2. To generate funds and extent credit to the members for productive provident purposes. 3. To encourage among members systematic production and marketing. 4. To provide goods and services and other requirements to the members. 5. To develop expertise and skills among its members. 6. To acquire lands and provide housing benefits for the members. 7. To promote and advance the economic, social and educational status of the members. 8. To establish, own, lease or operate cooperative banks, cooperative wholesale and retail complexes, insurance and agricultural/industrial processing enterprises, ad public markets.

  • 24

    What are the types of cooperatives?

    1. Credit cooperative 2. Consumers cooperative 3. Producers cooperative 4. Marketing cooperative 5. Service cooperative 6. Multi-service cooperative

  • 25

    It is a process by which a cooperative group direct actions towards common goals. (Joseph Massie, author of Essentials of Management. )

    Start-up operations management

  • 26

    It is one of the factors of production, together with land, labor and capital. (Economist view) It is a class and status system which requires elite of intelligence and education. (Sociologist) It is a process of coordinating resources of the organization in order to achieve its primary goal. (Robert Hughes,, author of Business)

    Start-up operations management

  • 27

    It is both an art and science.

    Start-up operations management

  • 28

    THE (5) ROLE AND BASIC FUNCTIONS OF MANAGEMENT

    1. TECHNICAL SKILLS 2. CONCEPTUAL SKILLS 3. INTERPERSONAL SKILLS 4. DIAGNOSTIC SKILLS 5. ANALYTIC SKILLS

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    問題一覧

  • 1

    Why do you go to business? (5)

    1. Personal satisfaction 2. Family involvement 3. Independence and power 4.Social activities 5. Profit expectation

  • 2

    They enjoy challenges and risk-taking ventures. The business success gives them a sense of fulfillment.

    Personal satisfaction

  • 3

    They feel it is their responsibility to continue the business of their parents, especially if it is profitable. Ex. National Book Store

    Family involvement

  • 4

    They want to be the boss. They love to make their own decisions and implement them. They prefer independence, power, fame and fortune.

    Independence and power

  • 5

    There are people who are really born socializers. They love social activities. They take social contacts to promote their business interests.

    Social activities

  • 6

    Some individuals are greatly motivated by profit or the chance to amass wealth.

    Profit expectation

  • 7

    Is a group of two or more persons who work together to attain a common set of goals.

    Organization

  • 8

    is a process of combining and coordinating resources and activities in order to accomplish efficiently and effectively certain objectives.

    Organizing

  • 9

    The best resources of the organizations are its _________ – not money, machines, materials or buildings.

    Employees

  • 10

    It indicates positions and relationships.

    Organizational structure

  • 11

    What is the example of an organizational chart?

    Manager-owner Office super visor - Sales supervisor Accountant - Salesman Clerk - Salesman Messenger - Salesman

  • 12

    What are the forms of Business or Organization?

    Single proprietorship Partnership Corporation Cooperatives

  • 13

    This is a form of business organization that is owned and usually managed by one person. It is the oldest and simplest form of ownership. They dominate the agriculture, retailing and service industries. It is registered with DTI.

    Single proprietorship

  • 14

    What are the advantages and Disadvantages of Single proprietorship?

    ADVANTAGES: 1. Ease and low cost of formation and dissolution. 2. Retention of all profits. 3. Independence and flexibility. 4. Tax advantage and less government regulation. DISADVANTAGES: 1. Unlimited liability 2. Lack of stability. 3. Limited access to credit. 4. Limited business skills and knowledge.

  • 15

    It is an association of two or more persons who act as co-owners of a business. They are usually engaged in accounting, law, advertising, real estate and retailing.

    Partnership

  • 16

    What are the advantages and disadvantages of Partnership?

    ADVANTAGES: 1. Easy to organize. 2. Availability of more capital and credit. 3. Retention of profits. 4. Better business skills and knowledge. DISADVANTAGES: 1. Unlimited liability. 2. Lack of stability. 3. Management disagreement. 4. Idle investment.

  • 17

    It is an artificial being created by operation of law, having the right of succession, and the powers, attributes and properties expressed authorized by law or incident to its existence.

    Corporation

  • 18

    Corporation is an artificial being invisible, tangible and existing only in contemplation of the law. (US Chief Justice – ___________)

    John Marshall

  • 19

    shares or certificates of ownership of a corporation.

    Stocks

  • 20

    What are the advantages and disadvantages of Corporation?

    ADVANTAGES: 1. Limited liability. 2. Easy to raise capital. 3. Perpetual life. 4. Specialized management. DISADVANTAGES 1. Difficult to organize. 2. Strictly regulated and supervised by the government. 3. Some corporations are socially irresponsible. 4. Formal and impersonal employer-employee relationship.

  • 21

    A duly registered association of persons, with a common bond of interest, who have voluntarily joined together to achieve a lawful common social or economic end, making equitable contributions to the capital required and accepting a fair share of risks and benefits of the undertaking in accordance with the universally accepted principles of cooperation.

    Cooperatives

  • 22

    What are the 6 following under cooperatives?

    1. Open and voluntary membership 2. Democratic control 3. Limited interest on capital 4. Division of net surplus 5. Cooperative education 6. Cooperation with other cooperatives

  • 23

    What are the objectives of cooperatives?

    1. To encourage thrift and savings among members. 2. To generate funds and extent credit to the members for productive provident purposes. 3. To encourage among members systematic production and marketing. 4. To provide goods and services and other requirements to the members. 5. To develop expertise and skills among its members. 6. To acquire lands and provide housing benefits for the members. 7. To promote and advance the economic, social and educational status of the members. 8. To establish, own, lease or operate cooperative banks, cooperative wholesale and retail complexes, insurance and agricultural/industrial processing enterprises, ad public markets.

  • 24

    What are the types of cooperatives?

    1. Credit cooperative 2. Consumers cooperative 3. Producers cooperative 4. Marketing cooperative 5. Service cooperative 6. Multi-service cooperative

  • 25

    It is a process by which a cooperative group direct actions towards common goals. (Joseph Massie, author of Essentials of Management. )

    Start-up operations management

  • 26

    It is one of the factors of production, together with land, labor and capital. (Economist view) It is a class and status system which requires elite of intelligence and education. (Sociologist) It is a process of coordinating resources of the organization in order to achieve its primary goal. (Robert Hughes,, author of Business)

    Start-up operations management

  • 27

    It is both an art and science.

    Start-up operations management

  • 28

    THE (5) ROLE AND BASIC FUNCTIONS OF MANAGEMENT

    1. TECHNICAL SKILLS 2. CONCEPTUAL SKILLS 3. INTERPERSONAL SKILLS 4. DIAGNOSTIC SKILLS 5. ANALYTIC SKILLS