Chapter 17
Order by
11 terms
Terms | Definitions |
|---|---|
 policies | general statements of intent about how to run your business. |
| rules | guildlines telling employees exactly what they should or should not do. |
| credit | an arrangement in which a business or individual can obtain products in exchange for a promise to pay later |
| line organization | Form of business organization used when all employees are involved in producing or distributing a company's product. |
| staff | employees who provide support for production and distribution people. |
| line-and-staff organization | form of business organization used when a company is large enough to hire staff. |
| job description | Statement that describes the objectives of the job and its duties and responsibilities |
| job specification | Document that spells out the abilities, skills, educational level, and experience that is needed by an employee to perform a given job |
| recruit | To bring in prospective employees |
| piece rate | set amount of money paid per unit produced. |
| commission | A percentage of sales given in place or as part of a salary |
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