Government Agencies
civil rights law prohibiting discrimination against individuals with disabilities
What is ADA/Americans with Disabilities Act?
all money coming in from the sales of goods or services
What is revenues?
determining a course of action
what is planning?
the desire of purchasers, consumers, clients, employers for a particular commodity/service
what is demand?
management of the flow of goods and services and includes all processes that transform raw materials into final products
what is the supply chain?
ensures the safety of human/veterinary drugs, biological products, medical devices, the nation’s food supply, cosmetics, and radioactive products
What is the Food and Drug Administration/FDA?
the accounting equation is...
Assets = Liabilities + Equity
recruiting, selecting and hiring the right people to fill positions
what is staffing?
this happens when quantity supplied is more than quantity demanded (you have more than is in demand)
what is a surplus?
disclosure of information by an employee, contractor, or insider regarding wrongdoing, illegal activities, or safety hazards within an organization
what is whistle blowing?
federal law protecting the privacy of student education records
What is FERPA/Family Educational Rights and Privacy Act?
something of value that is owed to a creditor
what is a liability?
coordinating the various activities and resources
what is organizing?
the term for a short supply/shortage of something
what is scarcity?
method that every staff member must be committed to maintaining high standards of work in every aspect of a company's operations
what is total quality management (TQM)?
agency of the US government whose principal mission is the enforcement of civil antitrust law and the promotion of consumer protection
What is the Federal Trade Commission/FTC?
this financial document shows assets, liabilities, and owners equity - all at one specific point in time
what is a balance sheet?
monitoring and evaluating results (and making possible changes)
what is controlling?
this happens to the price of products when there is a surplus (more products than demanded)
what is price goes down?
method of managing and organizing work with the aim of improving a company's performance, particularly the quality and profitability of its production processes
what is lean management?
federal law designed to protect sensitive patient health information from being disclosed without consent
What is Health Insurance Portability and Accountability Act/HIPAA?
this financial document shows the inflows and outflows of cash within a business
What is a cash flows statement?
managing, motivating and directing people
what is leading?
loss of potential gain from other alternatives, when a different one is chosen
what is opportunity cost?
principle of being "left alone" and controlling personal information, autonomy, and seclusion from government or public interference
what is right-to-privacy?