Economics
A product that is sold to the global market
What is an export?
(EC:016)
How much one appreciates themselves and values their own self-worth
What is self-esteem?
(EI:016)
The idea that money invested now is worth later because you would earn interest or dividends on it
What is the time value of money?
(FI:062)
Health and safety regulations that corporations are required to comply with are listed in this
What is the OSHA Handbook?
(OP:004)
A form of decision-making in the workplace when more than one person contributes equally to make a decision, but not all team members are included
What is moderate decision-making?
(PD:017)
The total amount of satisfaction a customer experiences when they consume a particular product or service
What is economic utility?
(EC:004)
The ability to assess and initiate things independently
What is integrity?
(EI:022)
A monthly statement that tracks the inflow and outflow of cash, providing insights into a company's financial health and operational efficiency
What is a cash flow statement?
(FI:091)
The resources of a company with economic value that are not physical in nature (i.e. a company's brand and trademarks)
What are intangible assets?
(OP:153)
The stages a guest goes through when interacting with a lodging establishment
What is the guest life cycle?
(MK:027)
An economy’s ability to produce a particular good or service at a lower opportunity cost than its trading partners
What is comparative advantage?
(EC:114)
Consists of activities that are designed to influence others with the goal of helping an individual without harming their organization
What is good office politics?
(EI:109)
Under this clause in the Constitution, the government can regulate all forms of interstate commerce
What is the commerce clause?
(FI:356)
The process of combining various inputs, both material and immaterial, in order to create output (ideally output that has value and contributes to the utility of individuals)
What is production?
(OP:017)
The process of companies searching and analyzing a large batch of raw data in order to identify patterns and extract useful information about potential and current clients
What is data mining?
(NF:148)
Used by businesses to measure the stability of a market; calculated using the formula C+I+G+NX
What is GDP per Capita?
(EC:017)
The collection of values, expectations, and practices that guide and inform the actions of all team members
What is organizational culture?
(EI:064)
A financial statement that is often called the "profit and loss statement," it is used to calculate revenue, costs and expenses
What is an income statement?
(FI:094)
A company's procurement-related code of conduct and its commitment to all environmental, social and legal issues related to purchasing and procurement
What is ethical purchasing?
(OP:246)
The principles, practices, and guidelines that a company follows when interacting with its clients/customers
What is CRM?
(CR:016) (SP)
These showcase the fluctuations found in the aggregate economic activity of a nation
What are business cycles?
(EC:018)
One of the main laws that influence a business's ethical considerations when providing information; it prohibits the disclosure of a record about an individual from a system of records without the written consent of the individual
What is the Privacy Act of 1974?
(EI:038)
A law enacted after Enron; requires that CEOs, financial officers, accountants, and auditors comply with any and all regulations and procedures designed to ensure accurate representation of a company's financial positions
What is the Sarbanes-Oxley Act?
(FI:353)
The most widely-used code of ethics in the field of project management
What is the Project Management Institute's code of ethics?
(OP:675)
A scenario that is described as "knowing the right thing to do, but institutional or other constraints make it difficult to pursue the desired course of action". A famous example of this was the 1970 Ford Pinto case
What is an ethical dilemma?
(EI:124)