| Terms |
Definitions |
|
Newsgroup
|
noncommercial online forum.
|
|
Franchising
|
Contractual agreement that specifies the methods by which a dealer can produce and market a supplier's good or service.
|
|
Deflation
|
When prices continue to fall.
|
|
Hygiene factors:
|
job factors that reduce dissatisfaction when present to an acceptable degree but that do not necessarily result in high levels of motivation.
|
|
Phishing
|
High-tech scam that uses authentic looking e-mail or pop-up ads to get unsuspecting victims to reveal personal information.
|
|
Creativity
|
The capacity to develop novel solutions to perceived organizational problems.
|
|
Social Responsiblity
|
Business's Consideration of society's well-being and consumer satisfaction, in addition to profits.
|
|
Planned Economy
|
Government controls determine business ownership, profits, and resource allocation to accomplish goverment goals rather than those set by individual businesses.
|
|
Goal-setting:
|
a theory of motivation suggesting that employees are motivated to achieve goals that they and their managers establish together.
|
|
Encryption
|
process of encoding data for security purposes, using software that encodes and scrambles messages.
|
|
S Corporation
|
Modified form of the traditional corporate structure often used by firms with fewer than 100 shareholders; such businesses can elect to pay federal income taxes as partnerships while retaining the liability limitations typical of corporations.
|
|
Exchange Rate
|
Value of one nation's currency relative to the currencies of other countries.
|
|
Consumerism
|
Public demand that a business consider the watns and needs of its customers in making decisions.
|
|
Macroeconomics
|
Study of a nation's overall economic issues, such as how an economy maintains and allocates resources and how a government's policies affect the standards of living of its citizens.
|
|
Business Plan
|
Written document that provides an orderly statement of a company's goals, the methods by which it intends to achieve those goals, and the standards by which it will meaure achievements.
|
|
Flextime:
|
a system in which employees set their own work hours within employer-determined limits.
|
|
Small Business
|
firm that is independently owned and operated, is not dominant in its field, and meets industry-specific size standards for income or numbers of employees.
|
|
Merger
|
Combination of two or more firms to form one company.
|
|
Multinational Corporation (MNC)
|
Firm With significant operations and marketing activities outside its home country.
|
|
Critical Thinking
|
The ability to analyze and assess information to pinpoint problems or opportunities.
|
|
Code of Conduct
|
Formal statement that defines how the organization expects employees to resolve ethical issues.
|
|
Reinforcement theory:
|
a theory of motivation based on the premise that behavior that is rewarded is likely to be repeated, whereas behavior that is punished is less likely to recur.
|
|
Private Exchange
|
Secure Website at which a company and its suppliers share all types of data related to e-business, from product design through order delivery.
|
|
Stages of Moral and Ethical Development
|
1) PreConventional- his/her interest
2) Conventional- interest of the group
3) PostConventional- interest in society
|
|
Job redesign:
|
a type of job enrichment in which work is restricted to cultivate the worker-job match.
|
|
Click-through rate
|
Number of visitors who click on a web banner ad.
|
|
Demand Curve
|
A graph of the amount of a product that buyers will purchase at different prices.
|
|
Maslow's hierarchy of needs:
|
a sequence of human needs in the order of their importance.
|
