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Economics Book 7 unit 1
Terms in this set (46)
Deciding a settlement on a issue
In business, manager who is a go-between in working with his employees and management
Taking business money illegally for private use
Risk- taking management; making the decisions that affect the future of the business
Refraining from; keeping away from
An easy to recognize symbol or artwork of a company
Executive oversight of a business
Concerned with the day to day activities and decisions of the firm
the people employed by a business
The sum after the expenses of a business have been calculated; net gain
Acting within the good principles of society and within the accepted rules of proper behavior
Latin phrase meaning " let the buyer beware." buyer of defective goods can not hold seller legally responsible
A news broadcaster or reporter who adds analysis after reporting
printed certificates which offer the bearer certain financial advantages such as discounts or rebates
buying without planning or forethought; " on the spot" purchase
A detailed accounting of all goods in stock
An instrument used to measure the distance traveled by a vehicle
a deduction from a full purchase amount that is repaid back to the consumer
product may be brought back by the purchaser to the seller for an exchange
a guarantee that is legally binding to the company that issues it
codes and rules instituted for the safety of a structure and the well being of its inhabitants
to make payment to; to financially award a person
legally binding written agreement between purchaser and seller
specifications and safety measures required for buildings to protect against fire
a continuing increase in prices and weakening of the purchasing power of money
granting of official permission to perform a business
moneys actual worth for buying products
restrictions and rules governing business conduct
wage price spiral
wage increases that compete with higher consumer prices in a never escalating up turn
specific district of allowances and restrictions usually governing the flow of business
is concerned with the day to day activities and decisions of the firm
Describe operational management:
An important part of a Christian's obligation as manager is to be fair to his workers " there shalt not defraud thy neighbor, neither ( ) him: the wages of him that is hired shall not abide with thee all night until morning" ( ) 19:13
What are the two aspects of management?
The test of an entrepreneurial decision is whether there is a recognizable ( ) or ( )
Concerning Southwest Airline's success, researchers agree on one point; treat everyone with kindness and ( )
In a corporation,the manager is a ( ) between his employees and top management.
It is the manager's job to ( ) the wishes of top management in such a way as to motivate employees to carry out these wishes.
The chief principle in the four biblical passages ( Leviticus 19:13 and Deuteronomy 24:14-15) on management is ( )
masters, master, fear
Paul wrote to the Ephesians ( Ephesians 6:9), "And, ye, ( ) do the same things unto them, forbearing threatening: knowing that your ( ) also is in heaven; neither is there respect of persons with him." Management by ( ) has no place in christian management.
return policy, warranty
Check prices on comparable items. It is also a good idea to check the store's ( ) and ( )
Caveat Emptor means " Let the buyer ( )."
A deduction from a full purchase amount that is repaid to the consumer is called a ( )
After christmas is a time when the businesses wish to move a lot of ( ) and ready themselves for the next sales season.
One way to save at the supermarket is to get information on sales. You can do this by looking in newspaper ads, watching TV or radio commercials, or even looking on the ( )
Most regulations have to do with the ( ) of the individual who may be a customer of the business or a worker within the business. After all, a consumer wants to know that he can trust in the quality of the food or the safety of a toy he purchases. A worker wants to be in a workplace that does not pose a ( ) to him.
Some businesses have stricter guidelines, and even have their prices regulated. These price regulated businesses are normally monopolies like ( )
THIS SET IS OFTEN IN FOLDERS WITH...
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