How can we help?

You can also find more resources in our Help Center.

Study sets matching "business chapter 8"

Study sets
Classes
Users

Study sets matching "business chapter 8"

53 terms
Chapter 8 Business words
el aspirante
los beneficios
el bono
la carta de presentación
applicant
benefits
bonus
cover letter
el aspirante
applicant
los beneficios
benefits
Business Chapter 8
Annual % rate
Credit Card
Debit Card
Merchant Card
the amount of annual interest that will charge to your out ch…
a card that allows you to charge items to be paid off at a fu…
a card that allows you to draw money from being draw money fr…
a credit card associated with a store that has special perks…
Annual % rate
the amount of annual interest that will charge to your out ch…
Credit Card
a card that allows you to charge items to be paid off at a fu…
21 terms
Business Chapter 8
Explain and discuss the basis for inte…
Demonstrate the relationship between s…
Summarize post-World War II trends in…
Distinguish between outsourcing and of…
Trade between individuals. Why do we hire people to provide s…
Specialization and exchange increases an individual's product…
After WWII, we produced more than 60% of the world's oil supp…
Outsourcing: When a company in the U.S. contracts some of the…
Explain and discuss the basis for inte…
Trade between individuals. Why do we hire people to provide s…
Demonstrate the relationship between s…
Specialization and exchange increases an individual's product…
45 terms
Technology in Business Chapter 8
Supply Chain Management (SCM)
Integration
Forward Integration
Backward Integration
the management of information flows between and among activit…
allows separate systems to communicate with each other; e.g.…
Sales -> Order entry system -> order fulfillment system -> bi…
Sales <- Order entry system <- order fulfillment system <- bi…
Supply Chain Management (SCM)
the management of information flows between and among activit…
Integration
allows separate systems to communicate with each other; e.g.…
8 terms
Chapter 8 Business
Initiative
Human Relations
Integrity
Self-managed teams
The desire to take action and get things done
The ability to communicate with with people
Holding to principles like honestly, loyalty, and fairness
Work groups that supervise themselves
Initiative
The desire to take action and get things done
Human Relations
The ability to communicate with with people
72 terms
Business Chapter 8
el abastecedor
el aparato electrodoméstico
averiado
los bienes
supplier (not pro)
electrical household appliance
damaged, broken down
goods
el abastecedor
supplier (not pro)
el aparato electrodoméstico
electrical household appliance
8 terms
Business Chapter 8
Hierarchy
Chain of command
Bureaucracy
Centralized Authority
a system in which one person is at the top of an organization…
the line of authority that moves from the top of the hierarch…
an organization with many levels of managers who set rules an…
When decision making is concentrated at the top level of mana…
Hierarchy
a system in which one person is at the top of an organization…
Chain of command
the line of authority that moves from the top of the hierarch…
9 terms
Chapter 8 business vocab
Initiative
Free-rein leadership
Autocratic leadership
Democratic leadership
The desire to take action and get things done
A leadership style in which managers allow employees the free…
Managers make decisions without consulting their employees
Some managers ask employees for suggestions, and they make al…
Initiative
The desire to take action and get things done
Free-rein leadership
A leadership style in which managers allow employees the free…
20 terms
Business Chapter 8
product
new-to-the-company product
improvement in an existing product
extension to an existing product line
something that can be marketed to customers because it provid…
a good or service that is new to the company but has been sol…
an enhancement of a product already on the market
a new product developed as a variation of an already existing…
product
something that can be marketed to customers because it provid…
new-to-the-company product
a good or service that is new to the company but has been sol…
16 terms
Business Chapter 8 words
Benefits
Compensation
Diversity
Downsizing
Compensation in forms other than direct payment for work
Amount of money paid to an employee for work performed
The comprehensive inclusion of people with differences in per…
A planned reduction in the number of employees needed in a fi…
Benefits
Compensation in forms other than direct payment for work
Compensation
Amount of money paid to an employee for work performed
59 terms
Business Ed Chapter 8
Workforce
The Bureau of Labor Statistics (BLS)
Service Providing Industries
Good Producing Industries
Made up of all the people 16 years and older who are employed…
Main job is to research thousands of different jobs
Includes businesses that perform services that satisfy the ne…
Includes business that produce or manufacture products used b…
Workforce
Made up of all the people 16 years and older who are employed…
The Bureau of Labor Statistics (BLS)
Main job is to research thousands of different jobs
Chapter 8 Business
How to find: How much a company owes
How to find:
How to find:
How to find:
Balance Statement
Income Statement
Income Statement
Income Statement
How to find: How much a company owes
Balance Statement
How to find:
Income Statement
57 terms
BUSINESS ETHICS NOW! - CHAPTER 8
1. (p. 154) Companies can now make vas…
2. (p. 154) An intranet is a private p…
3. (p. 154) The extranet is a company'…
4. (p. 154) Many of the wonderful prom…
TRUE
FALSE
FALSE
TRUE
1. (p. 154) Companies can now make vas…
TRUE
2. (p. 154) An intranet is a private p…
FALSE
13 terms
Chapter 8 Business
Corporations As... Moral Agents
The Need for Organizational... Ethics Pro…
Components of a... Strong Ethics Program
An Effective... Ethics Program
Corporations have the same rights and responsibilities as ind…
It is nearly impossible to know all relevant laws... Ethics prog…
A strong ethics program includes... Written codes of conduct... Eth…
Effective ethics program ensure that all employees understand…
Corporations As... Moral Agents
Corporations have the same rights and responsibilities as ind…
The Need for Organizational... Ethics Pro…
It is nearly impossible to know all relevant laws... Ethics prog…
19 terms
business chapter 8
sole proprietorship
unlimited liability
partnership
limited partnership
is the simplest form of business. the owner is the business
is a two fold potential disadvantage
is an association of two or more persons to carry on as co ow…
maintains the rights to share of the company's profits and jo…
sole proprietorship
is the simplest form of business. the owner is the business
unlimited liability
is a two fold potential disadvantage
24 terms
Business Chapter 8
Corporate Transparency
Kants Categorical Imperative Formulation
Utilitarianism
Weaknesses of Utilitarianism
Characteristic or state in which activities, processes, pract…
1. Act only on rules that you will be willing to see everyone…
A technological princiapal that focuses on acts that produce…
Ignores actions that may be inherently wrong... May conflict wi…
Corporate Transparency
Characteristic or state in which activities, processes, pract…
Kants Categorical Imperative Formulation
1. Act only on rules that you will be willing to see everyone…
16 terms
Chapter 8 Business Vocab.
Gratuitous
Consideration
Benefit
Detriment
Free. The law does not enforce free agreements.
The exchange of things of value. The exchange of benefits and…
Something that a party was not previously entitled to receive.
Any loss suffered from an agreement.
Gratuitous
Free. The law does not enforce free agreements.
Consideration
The exchange of things of value. The exchange of benefits and…
31 terms
Business Chapter 8
R.O.A.R
Public Accountants
Management Accounting
Government Accountants
Recognizing, Organizing, Analyzing, Reporting
Tax Preparation, External Auditing, or management consulting…
Work within Company, Provide analysis, prepare report, and fi…
Perform accounting functions for local, state, or federal gov…
R.O.A.R
Recognizing, Organizing, Analyzing, Reporting
Public Accountants
Tax Preparation, External Auditing, or management consulting…
9 terms
Business Statistics Chapter 8
confidence interval
point estimate
critical value
standard error
an interval estimate that provides info about a population ch…
the sample statistic estimating the population parameter of i…
a table value based on the sampling distribution of the point…
the standard deviation of the point estimate
confidence interval
an interval estimate that provides info about a population ch…
point estimate
the sample statistic estimating the population parameter of i…
Chapter 8 Business
Economies of Scale
Hierarchy
Chain of command
Organization chart
Companies can reduce their production costs by purchasing raw…
A system, one person at the top of organization and then rank…
Line of authority that moves from top to bottom
Visual device that shows relationship between people in a wor…
Economies of Scale
Companies can reduce their production costs by purchasing raw…
Hierarchy
A system, one person at the top of organization and then rank…
26 terms
Business chapter 8
Economics of scale
Hierarchy
Chain of command
Bureaucracy
The situation in which companies can reduce their production…
A system in which one person is at the top of the organizatio…
The line of authority that moves from the top of the hierarch…
And organization with many layers of managers who set rules a…
Economics of scale
The situation in which companies can reduce their production…
Hierarchy
A system in which one person is at the top of the organizatio…
26 terms
Business Chapter 8
economies of scale
hierarchy
chain of command
bureaucracy
the situation in which companies can reduce their production…
a system in which one person is at the top of the organizatio…
the line of authority that moves form the top of a hierarchy…
an organization with many layers of managers who set rules an…
economies of scale
the situation in which companies can reduce their production…
hierarchy
a system in which one person is at the top of the organizatio…
27 terms
Business Chapter 8
Organizational Change
Product
Technology
People
Adoption of a new idea or behavior
A change in the organization'a product or service outputs
A change in the organization'a production process
Change in attitude and behavior
Organizational Change
Adoption of a new idea or behavior
Product
A change in the organization'a product or service outputs
27 terms
Chapter 8 - Business
benchmarking
bureaucracy
centralized authority
chain of command
comparing an organizations practices, processes, and products…
an organization with many layers of managers who set rules an…
an organization structure in which decision making authority…
the line of authority that moves from the top of a hierarchy…
benchmarking
comparing an organizations practices, processes, and products…
bureaucracy
an organization with many layers of managers who set rules an…
12 terms
Business chapter 8
Intellectual property
Trade secret
Reverse engineering
Patent
Patents, copyrights, trademarks and trade secrets. Federal an…
A product or formula, pattern design, compilation of data, cu…
Taking apart and examining a rivals product or recreating a s…
A grant by the federal government upon the inventor of an inv…
Intellectual property
Patents, copyrights, trademarks and trade secrets. Federal an…
Trade secret
A product or formula, pattern design, compilation of data, cu…
48 terms
Business Chapter 8
employee behavior
performance behavior
organizational citizenship
counterproductive behaviors
pattern of actions by members of an organization that directl…
total set of work related behaviors that the organization exp…
positive behaviors that do not directly contribute to the bot…
behaviors that detract from organizational performance
employee behavior
pattern of actions by members of an organization that directl…
performance behavior
total set of work related behaviors that the organization exp…
35 terms
Business Chapter 8
operations management
reshoring
mass production
analytical process
all the activities required to produce goods and services
a situation in which U.S. manufacturing jobs back to the Unit…
a manufacturing process that lowers the cost required to prod…
a process in operations management in which raw materials are…
operations management
all the activities required to produce goods and services
reshoring
a situation in which U.S. manufacturing jobs back to the Unit…
business chapter 8
Employee behavior
performance behavior
organization citizenship
counterproductive behaviors absenteeism
the pattern of action by the members of an organization that…
the total set of work-related behaviors that the organization…
positive behaviors that do not not directly contribute to the…
behaviors that detract from organizational performance
Employee behavior
the pattern of action by the members of an organization that…
performance behavior
the total set of work-related behaviors that the organization…
26 terms
Business Chapter 8
Accounting
Financial Accounting
GAAP
FASB
System for recognizing, organizing, analyzing, and reporting…
Provide information to external stakeholders, Information pro…
accounting standards that are used in the preparation of fina…
private self-regulated board that establishes and enforces GAAP
Accounting
System for recognizing, organizing, analyzing, and reporting…
Financial Accounting
Provide information to external stakeholders, Information pro…
55 terms
Chapter 8 Business Management
Organizational Culture
Organizational Structure
Clan Culture
Adhocracy Culture
A system of shared beliefs and values that develops within a…
A formal system of task and reporting relationships that coor…
Has an internal Focus and values flexibility rather than stab…
Has an external focus and values flexibility
Organizational Culture
A system of shared beliefs and values that develops within a…
Organizational Structure
A formal system of task and reporting relationships that coor…
15 terms
international business chapter 8
regional economic integration (regiona…
what are the 5 degrees of economic and…
free trade area
customs union
process whereby countries in a geographic region cooperate to…
1. free trade area... 2. customs union... 3. common market... 4. econo…
removes all barriers to trade among members with each nation…
adds the requirement that all members set a common trade poli…
regional economic integration (regiona…
process whereby countries in a geographic region cooperate to…
what are the 5 degrees of economic and…
1. free trade area... 2. customs union... 3. common market... 4. econo…
23 terms
Business Chapter 8
Leadership
- see a big picture and never lose sig…
inspiring others... initiative ... having a…
Initiative
Taking a company and its employees in a direction based upon…
Certain Leadership info
3 different elements of motivation
ability to act/ make decisions without advice
Leadership
Taking a company and its employees in a direction based upon…
- see a big picture and never lose sig…
Certain Leadership info
39 terms
Business 1010 Chapter 8
what are the main theories of motivati…
affiliative (laissez-faire) leader (p…
autocratic leader p 228
belonging needs p 222
1. physiology... 2. safety... 3. belonging... 4. esteem... 5. self-actual…
more advisory in style, encouraging employees to contribute i…
makes decisions without consulting others.
the need to belong to a group and feel accepted by others.
what are the main theories of motivati…
1. physiology... 2. safety... 3. belonging... 4. esteem... 5. self-actual…
affiliative (laissez-faire) leader (p…
more advisory in style, encouraging employees to contribute i…
20 terms
business chapter 8
Job analysis
forecasting
recruiting (or staffing)
internal recruiting
a detailed study of the specific duties in a particular job a…
determining the firm's demand for employees and the likely su…
process of attracting qualified persons to apply for jobs tha…
consider present employees as candidates (most desirable)
Job analysis
a detailed study of the specific duties in a particular job a…
forecasting
determining the firm's demand for employees and the likely su…
34 terms
Business Chapter 8
Operations Management
Manufacturing
Production
Operations
The development and administration of the activities involved…
The activities and processes used in making tangible products…
The activities and processes used in making tangible products…
The activities and processes used in making both tangible and…
Operations Management
The development and administration of the activities involved…
Manufacturing
The activities and processes used in making tangible products…
34 terms
Business Chapter 8
Operations management
Manufacturing
production
operations
the development and administration of the activities involved…
the activities and processes used in making tangible products
the activities and processes used in making tangible products
the activities and processes used in making both tangible and…
Operations management
the development and administration of the activities involved…
Manufacturing
the activities and processes used in making tangible products
25 terms
business chapter 8
benchmarking
bureacracy
centralized authority
chain of command
A process of continuously measuring system results, comparing…
a system of government that includes different job functions…
an organization structure in which decision-making authority…
A series of executive positions in order of authority
benchmarking
A process of continuously measuring system results, comparing…
bureacracy
a system of government that includes different job functions…
25 terms
Chapter 8 Business
advance fee loan
annual fee
balloon payment
billing cycle
a loan that includes a large upfront fee
a yearly charge to your credit card account for membership
a large lump-sum payment that must be paid at a set time
time period during which you must make your payment
advance fee loan
a loan that includes a large upfront fee
annual fee
a yearly charge to your credit card account for membership
30 terms
business chapter 8
thinking style
Intuitive style
Open up the closet
Don't mix up your I's
Information process style... being deliberative, logical, precis…
Information process style... Being creative, following hunches a…
Intuition skills... Trusting your instincts and gut. Not suppres…
Intuition skills... Instinct, insight, and intuition. Not synamy…
thinking style
Information process style... being deliberative, logical, precis…
Intuitive style
Information process style... Being creative, following hunches a…
33 terms
Business Chapter 8 vocab
operations mangament (OM)
manufacturing / production
operations
inputs
the development & administration of the activities involved i…
the activities & processes used in making tangible products
the activities & processes used in making both tangible & int…
the resources-such as labor/money/energy-that are converted i…
operations mangament (OM)
the development & administration of the activities involved i…
manufacturing / production
the activities & processes used in making tangible products
34 terms
Chapter 8 Business
Opererations manager (om)
Manufacturing
Production
operations
the development in administration of the activities involved…
The activities and processes used in making tangible products…
The activities and processes used in meeting tangible product…
the activities and processes used to make both tangible and i…
Opererations manager (om)
the development in administration of the activities involved…
Manufacturing
The activities and processes used in making tangible products…
39 terms
Business Chapter 8
Operations Management
Reshoring
Mass Production
Analytical Process
all of the activities required to produce goods and services
a situation in which U.S. manufacturers bring manufacturing j…
a manufacturing process that lowers the cost required to prod…
a process in operations management in which raw materials are…
Operations Management
all of the activities required to produce goods and services
Reshoring
a situation in which U.S. manufacturers bring manufacturing j…
37 terms
Business Chapter 8
operations management
reshoring
mass production
analytical process
all the activities required to produce goods and services
a situation in which U.S. manufacturers bring manufacturing j…
a manufacturing process that lowers the cost required to prod…
a process in operations management in which raw materials are…
operations management
all the activities required to produce goods and services
reshoring
a situation in which U.S. manufacturers bring manufacturing j…
53 terms
Business Chapter 8
Employee Behavior
Performance Behaviors
Organizational Citizenship
Personality
the pattern of actions by the members of an organization that…
the total set of work-related behaviors that the organization…
positive behaviors that do not directly contribute to the bot…
the relatively stable set of psychological attributes that di…
Employee Behavior
the pattern of actions by the members of an organization that…
Performance Behaviors
the total set of work-related behaviors that the organization…
48 terms
Business Chapter 8
Employee Behavior
Performance Behaviors
Organizational Citizenship
Counterproductive behaviors
the pattern of actions by the members of an organization that…
the total set of work-related behaviors that the organization…
positive behaviors that do not directly contribute to the bot…
behaviors that detract from organizational performance
Employee Behavior
the pattern of actions by the members of an organization that…
Performance Behaviors
the total set of work-related behaviors that the organization…
18 terms
Business chapter 8
Hierarchy
Bureaucracy
Chain of command
Centralized authority
A system that one person is at the top and there is ranked or…
Organization with many layers of managers
Line of authority that moves from the top of the hierarchy to…
Top makes most of decisions
Hierarchy
A system that one person is at the top and there is ranked or…
Bureaucracy
Organization with many layers of managers
15 terms
Chapter 8 Business vocab
Workforce
Technology
BLS
Downsizing
made up of all the people 16 years and older who are employed…
Refers to the use of automated machinery, electronic equipmen…
researches thousands of different jobs
is a planned reduction in the number of employees needed in a…
Workforce
made up of all the people 16 years and older who are employed…
Technology
Refers to the use of automated machinery, electronic equipmen…
30 terms
Understanding Business: Chapter 8
Economies of scale
Fayol's Principles of organization
Hierarchy
Max Weber and Organizational Theory
The situation in which companies can reduce their production…
1. Unity of command... 2. Hierarchy of authority... 3. Division of…
A system in which one person is at the top of the organizatio…
1. Job descriptions... 2. Written rules, decision guidelines, an…
Economies of scale
The situation in which companies can reduce their production…
Fayol's Principles of organization
1. Unity of command... 2. Hierarchy of authority... 3. Division of…
17 terms
Business Law Chapter 8 Consideration
Accord and satisfaction obligation
Composition of creditors
Consideration
Donee
parties' agreement to change the obligation required by their…
agreement by all creditors to accept something less than the…
what a person demands and generally must receive in order to…
person receiving a gift
Accord and satisfaction obligation
parties' agreement to change the obligation required by their…
Composition of creditors
agreement by all creditors to accept something less than the…
21 terms
Business and Personal Law - Chapter 8
Personal Property
Real Property
Tenants in Common
Community Property
Everything other than real property that can be owned
Described as land, anything permanently attached to the land,…
Ownership where tenants own the undivided property. If passed…
Property acquired by husband and/or wife during a marriage wh…
Personal Property
Everything other than real property that can be owned
Real Property
Described as land, anything permanently attached to the land,…
7 of 10