Business management

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

utility

Business administration; Business management

(1) In economics, the term implies the usefulness or satisfaction to be derived from a product by a potential buyer. (2) Something that performs a useful service, like a public utility.

assessment

Business administration; Business management

(1) In psychology, this is a procedure to identify ability, carried out on individuals as part of the processes of recruitment and selection. (2) In accounting, this is a procedure carried out on ...

standardization

Business administration; Business management

(1) The process of production that provides standard machine parts through a wide variety of manufacturing. This is one of the bases of mass production. (2) The process of setting generally ...

just-in-time production

Business administration; Business management

A Japanese approach to the process of production, which emphasizes tight scheduling of materials into and out of the process, with a very low inventory of stock carried onsite. The aim of the process ...

Data Protection Act

Business administration; Business management

Legislation passed by the parliament of the United Kingdom in 1984 to regulate the information held by organizations on individuals and to ensure its confidentiality.

man–machine interface

Business administration; Business management

In ergonomics, this refers to all those points of contact in the workplace between people and the equipment they use. The term now has a particular reference to information technology.

programmed learning

Business administration; Business management

A form of learning involving a system of self instruction, based on conditioning, where a task to be mastered is broken down into small steps. The subject is given feedback about his or her mastery ...