More business terms.

1. What is management?
(Me) Management is skills and organization used to regulate responsibility and how and when things get done in a business.

Management is the process of working with and through others to achieve organizational objectives in a changing environment.

2. What is effectiveness?
(Me) Effectiveness is making sure something gets done.

Effectiveness entails promptly achieving a stated objective.

3. What is efficiency?
(Me) Efficiency is how well something gets done.

Efficiency is a central element in the process of management that balances the amount of resources used to achieve an objective against what was actually accomplished.

4. What is offshoring?
(Me) Off shoring is the controlling of a business overseas.

Offshoring is a controversial practice of sending jobs to low-wage countries.

5. What is the internet?
(Me) The internet is global information available on the World Wide Web through the use of anything providing internet service ex. computers, pda...

A global network of servers and personal and organizational computers.

6. What is E-business?
(Me) E-business is business done on the net.

E-business is a business using the internet for greater efficiency in its operations.

7. What are managerial functions?
(Me) Managerial functions are different responsibilities for management.

Managerial functions are general administrative duties that need to be carried out in virtually all productive organizations to achieve desired outcomes.

8. What are managerial skills?
(Me) Managerial skills are different qualities managers should execute efficiently.

Managerial skills are specific, observable behaviors that effective managers exhibit.

9. What is small business?
(Me) Small business are businesses whose population size are less than 100 people.

Small business is an independently owned and managed profit seeking enterprise with fewer than 100 employees.

10. What is entrepreneurship?
(Me) Entrepreneurship who someone who takes risk and is eager to starting their own business.

Entrepreneurship is the process of pursuing opportunity without regard to resources currently under ones control.