20 Terms
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Business management
General business management terms encompassing inventory management, security management, financial administration, business planning, and management services for all enterprise-wide information systems.
Industry: Business administration
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Business management
charisma
Business administration; Business management
An elusive quality of personality, often described as ‘personal magnetism’ (whatever that may be), which is widely considered to be an important element in leadership, especially transformational ...
company union
Business administration; Business management
An employer’s version of a trade union within a single organization. It does not have the independent status or power to represent the employees in any industrial relations matters.
bug
Business administration; Business management
An error or fault in the software which causes a computer program to malfunction.
assessment center
Business administration; Business management
An establishment, often set up within large organizations, that specializes in identifying ability as part of the processes of recruitment and selection and in identifying potential for management ...
mental set
Business administration; Business management
An expectation of, or readiness for, a particular experience.
sunk cost
Business administration; Business management
An expenditure, usually on capital equipment, which can not be recovered if the project it is intended for is cancelled, but which can be listed as an asset of the organization. Sometimes used to ...
hypothesis
Business administration; Business management
An explanation which has been put forward to account for observed data, but which has still to be tested.
