Chapter 24
A legal agreement to operate a business in the name of an established company
What is a franchise?
Electronic messages sent in bulk to people who did not give permission to e-mail them.
What is spam?
Skills used to help an individual find a job, perform in the workplace, and gain success in a job or career.
What are soft skills?
Person who guides others to a goal
What is a leader?
Leader make all the decisions.
What is autocratic style?
A business that is owned and operated by one person.
What is a sole-proprietorship?
Behaving with sensitivity towards social, economic, and environmental issues
What is goodwill?
Diagram of employee positions showing how the interact within the chain of command
What is an organizational chart?
The art of using good manners in any situation.
What is etiquette?
Little involvement from the leader
What is Laissez-faire style?
The governing body of a corporation
What is a board of directors?
Overstating the features and benefits of goods or services or making false claims about a product.
What is false advertising
Process of hiring people and matching them to the best position for their talents.
What is staffing?
Monitor the progress of the team to meet its goals
What is control?
Allows employees to make their own decisions about completing tasks.
What is Laissez-faire style?
Document that details how much each partner will invest, each partner's responsibility, and how profits are to be shared.
What is a partnership agreement?
Promoting the welfare of others through donating time, property, or money.
What is philanthropy?
Practice or organizing time and work assignments to increase efficiency
What is time management?
Belief or generalization about of group of people with a given set of characteristics.
What is stereotyping?
Encourages team members to share ideas equally.
Form of business ownership that is subject to the least amount of taxation and government regulation.
What is a sole-proprietorship?
Document that dictates how business should be conducted.
What is code of ethics?
Process of interpreting and making reasonable judgements and decisions by analyzing a situation.
What is critical thinking?
Set of moral values that guide a person's behavior
What are ethics?
Leader listens to team input, but makes final decisions