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

statistics

Business administration; Business management

A form of mathematics used on data gathered in studying behavior and by which investigators evaluate their findings and make inferences of wider implication than their study sample. See also ...

critical path analysis

Business administration; Business management

A form of operational research in which a project is represented by a diagram containing a time schedule for each of the different parts of the project. The ‘critical path’ through the diagram is ...

functional organization

Business administration; Business management

A form of organizational structure in which specialists carry out their own particular function in an organization (like research and development or quality control) but without any authority over ...

time-and-a-half

Business administration; Business management

A form of overtime working in which time worked is paid at one-and-a-half times the normal rate. See also double time.

double time

Business administration; Business management

A form of overtime working in which time worked is paid at twice the normal rate. See also time-anda-half.

piecework

Business administration; Business management

A form of payment by results where workers are paid for each piece of work they do rather than the number of hours they put in. It was based originally on the scientific management principles of F.W. ...

gainsharing

Business administration; Business management

A form of payment by results, like the scanlon plan, where employees are paid extra for increasing productivity or decreasing costs. It can thus be used in either commercial or non-profit ...