"CLEP Principles of Management," Vocabulary from Chapter 11

This list focuses on operations and information management.

Here are links to all the chapters of the test prep book published by Research & Education Association: Chapter 1, Chapter 2, Chapter 3, Chapter 4, Chapter 5, Chapter 6, Chapter 7, Chapter 8, Chapter 9, Chapter 10, Chapter 11, Chapter 12, Chapter 13, Chapter 14, Chapter 15

For more detailed review, learn this list: The MGMT Solution
40 words 9 learners

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Full list of words from this list:

words only definitions & notes
  1. information
    a collection of facts from which conclusions may be drawn
  2. data
    a collection of facts from which conclusions may be drawn
  3. technology
    the practical application of science to commerce or industry
  4. operation
    a process involved in a particular form of work
  5. productivity
    the amount of work each worker can complete in a set time
  6. ratio
    relation with respect to comparative quantity or magnitude
  7. efficiency
    skillfulness in avoiding wasted time and effort
  8. quality
    a degree or grade of excellence or worth
  9. value
    a numerical quantity measured or assigned or computed
  10. flexibility
    the quality of being adaptable or variable
  11. tactical
    pertaining to detailed maneuvers to achieve objectives
  12. utilize
    put into service
  13. tailor
    adjust to a specific need or market
  14. priority
    status established in order of importance or urgency
  15. standardize
    cause to conform to a norm
  16. service
    work done by one person or group that benefits another
  17. assemble
    create by putting components or members together
  18. relevance
    the relation of something to the matter at hand
  19. stock
    the merchandise that a shop has on hand
  20. inventory
    the merchandise that a shop has on hand
  21. manufacture
    put together out of artificial or natural components
  22. volume
    a relative amount
  23. quantity
    how much there is or how many there are of something
  24. supply
    offering goods and services for sale
  25. material
    things needed for doing or making something
  26. product
    an artifact that has been created by someone or some process
  27. purchasing
    the act of buying
  28. leverage
    provide with strategic advantage
  29. logistics
    supplying an operation with labor and materials as needed
  30. accuracy
    the quality of being near to the true value
  31. critical
    urgently needed; absolutely necessary
  32. timely
    done or happening at the appropriate moment
  33. codify
    organize into a system, such as a body of law
  34. support
    something providing immaterial assistance
  35. expert
    having or showing knowledge and skill and aptitude
  36. project
    any piece of work that is undertaken or attempted
  37. component
    one of the individual parts making up a larger entity
  38. duration
    the period of time during which something continues
  39. input
    a component of production, such as raw materials or labor
  40. output
    final product; the things produced
Created on Wed Nov 02 11:06:40 EDT 2016 (updated Tue Nov 15 12:14:05 EST 2016)

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