Ch. 4
Reprocessing of resources so they can be used again
What is recycling?
Set of moral values that guide a person's behavior
what are ethics
A legal agreement to operate a business in he name of an established company
What is a franchise?
Belief or generalization about a group if people with a given set of characteristics
What is a stereotype?
A set of styles that determines how a manager will govern their employees
What are Management Styles?
This federal commission oversees fair advertising, pricing, and trade.
Who is the Federal Trade Commission?
Person who guides others to a goal
Leader
What form of organization is subject to the least amount of taxation and regulation.
Sole-propriertorship
A person who owns and operates a business
What is an entreprenuer
The Leader Makes all the decisions
What is autocratic style
Promoting the welfare of others through the donation of time, money or property.
What is Philanthropy
The art of using good manners in any situation
What is Etiquette?
The Governing Body of a corporation
Who are the Board o Directors?
One of the owners of a corporation
Who is a stockholder?
This style encourages team members to share ideas equally
What is democratic style?
Producing and promoting Products emphasizing environmental conservation
What is Green Marketing?
Process of interpreting and making reasonable judgements and decisions by analyzing a situation.
What is critical thinking
This form of business takes the biggest disadvantage if one of its owner dies
What is a partnership?
Monitoring the process of a team to ensure thy meet their goals?
What is Control?
Leader listens to team input but makes the final decision
What is Consulting Style?
document that dictates how business should be conducted
What is the Code of Ethics
Diagram of employee positions showing how the positions interact with the chain of command.
What is an organizational chart
This type of business receives double taxation
what is a corporation?
Behaving with Sensitivity towards social, economic, and environmental issues
What is Social Responsibility?
Allows employees to make their own decisions
What is Laissez-faire style?