Business Basics
Economics
Ethics
Understanding the MGMT process
Flexible Organizations and Quality
100
Unlimited liability; difficulty hiring people; lack of continuity, etc.
What is a disadvantage of a sole proprietorship?
100
The study of the decisions made by individuals and businesses.
What is Microeconomics?
100
A formal statement that defines how the organization expects and requires employees to resolve ethical questions.
What is a Code of Ethics.
100
Tangible, physical resources that a manufacturer uses in carrying out its business.
What is material?
100
Systematic shifting of employees from one job to another.
What is job rotation?
200
Top governing body of a corporation
What is a Board of Directors
200
Land, natural resources, labor, capital, entrepreneurship.
What are factors of production?
200
It evaluates activities that relate to social issues, such as employment practices, environmental protection, and philanthropy.
What is a Social Audit.
200
The ability to influence others.
Who is leadership?
200
A committee established to investigate a major problem or pending decision.
What is a task force?
300
Double Taxation; Many Owners; Harder to make changes, etc.
What is a disadvantage of a Corporation?
300
An economic system in which government decides what will be produced.
What is a command economy?
300
Refers to standards of conduct and moral values of a firm.
What is Business Ethics.
300
The process of providing reasons for people to work in an organization's best interests.
What is motivating?
300
A nonprofit organization in Geneva, Switzerland that brings together a panel of quality experts to define what methods a company must use to produce a quality product.
What is International Organization for Standardization (ISO)?
400
An agreement between two or more groups to form a business entity to achieve a specific goal.
What is joint venture?
400
Average level of output per worker per hour.
What is productivity?
400
"Newman's Own" is a food product line that gives 100% of its after-tax profits to charity. This company is practicing?
What is Social Responsibility.
400
Identifying the problem; generating alternatives; selecting an alternative; implementing and evaluating the solution.
What is a managerial decision making?
400
Designed to ensure that materials arrive just when they are needed.
What is just in time inventory?
500
Investors; Customers; Employees; Society;
Who are stakeholders?
500
The quantity of the product that producers are willing to sell at each of various process.
What is supply?
500
An employee's decision to inform the press of his or her firm's unethical practices.
What is a whistle-blowing?
500
Involves the ability to think in abstract terms.
What are conceptual skills?
500
Process of grouping jobs into manageable units.
What is departmentalization?