| Terms |
Definitions |
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Correlation
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related
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Microseconds
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10-6
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maxill
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upper jawbone
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confidential relationship
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Halo Affect
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generalized impression
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stunning
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to shock; overwhelm:
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Mutual assent
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Offer and acceptance
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Business-like establishments that employ people and produce goods and services with the fundamental goal of contributing to the community rather than generating financial gain
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Nonprofits
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ex of producer
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agriculture, mining, fishing
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Demographics
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characteristics of the human population or specific segments of the population
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a loan for real property
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Mortgage
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variable (or contribution) costing income statement
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!http://www.johnyk.com/img/var.png!
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impartial
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not biased; fair and just
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Supply
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offering goods and services for sale
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Market
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-- Consumers with unsatisfied wants and needs who have both resources and willingness to buy.
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ratifcation
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Accepting liability for a previously unauthorized transaction with the third party.
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Debt ratio
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Total liabilities / total assets
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Deetz
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Attempt to keep the conversation going. Genuine conversation should be “responsive to the subject matter of the conversation."Nature & character of humans are formed in communication interaction.
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scarcity
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limited availability of things we desire
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Licensing
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Trade agreement in which one company-the licensor-allows another company -the licensee- to use its company name, products, patents, brands, trademarks, raw materials, and/or production processes in exchange for a fee or loyalty
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The placement of incoming merchandise into storage by processing these items for outbound shipment as they are received is known as:
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Cross-docking
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income
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the monetary payment received for goods or services, or from other sources, as rents or investments.
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Capacity
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the maximum load that an organizational unit can carry or operate
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conflict
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to come into collision or disagreement; be contradictory, at variance, or in opposition; clash:
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Small Business
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an independent business with fewer than 500 employees
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Facility layout:
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the physical arrangement of resources, including people, to most efficiently produce goods and provide servicesFacility layout depends on the processes performed: Service: help customers find products Manufacturing: improve efficiency
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brand
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a name, symbol or design that identifies the goods or services
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Mission Statement
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identifies boundaries of a company's current business and says something about present products/services, types of customers served, and geographic coverage.
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Collective Bargaining
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Process whereby union and management representatives form a labor-management agreement, or contract, for workers.
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The AF Form 709, Promotion Recommendation Form (PRF), recommendation section covers the entire record of performance and provides key performance factors from the officer's
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entire career.
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Half of all Women-owned businesses employ over ____ million people.
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12.5 Million.
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Shortage
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when quantity demanded is greater than quantity supplied; causes price to rise
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centralized depository
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The practice of centralizing corporate cash balances in a single depository.
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surplus
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the amount by which the quantity supplied of a product exceeds the amount of the quantity demanded at a given price
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the government’s right to regulate the use of real property for the public welfare, morals and health
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Police power
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Management Support Systems
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When information system applications focus on providing information and support for effective decision making by managers
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turf wars
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Members of the organization are engaged in turf wars when they are more concerned about their own area of operations than doing what’s best for the entire organization in the long run.
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Corporate Citizens:
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highly committed to the organization but who do not strongly identify w/ their selling roles
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product analysis
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Making cost estimates and sales forecasts to get a feeling for profitability of new-product ideas.
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focus group
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a representative group of people questioned together about their opinions on political issues, consumer products, etc.
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leadership
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an act or instance of leading; guidance; direction:
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allay
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to put (fear, doubt, suspicion, anger, etc.) to rest; calm; quiet.
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Reactive stakeholder engagement?
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Responds to stakeholder needs only when forced to do so
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exculpatory clause
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A clause that releases a contractual party from liability in the event of monetary or physical injury, no matter who is at fault.
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Flat Organization Structures:
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an organizational structure that has few layers of management and broad span of control.
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environmental scanning
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the process of identifying the factors that can affect marketing success
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The ____form of organization is mainly used for one-shot finite deals, such as a real estate syndication, etc
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C-limited partnership
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specialization of labor
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grouping employees to work on assignment tasks on basis of specific skills and factory demand
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International Financial Reporting Standards (IFRS)
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The standards and interpretation adopted by the IASB
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Costs that change/depend on the level of production output.
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Variable costs
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The aging of the US's population is creating a surplus of workers?
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False
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Financial system
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the group of institutions that helps match the saving of one person with the investment of another
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The details of a business need that are used to verify that the resulting applicaiton is what the buisness needed
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requirment
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An Decision uses what types of connectors
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Status, Else
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The middle number in a group of numbers arranged in order.
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Median
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Global business drivers
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business requirements caused by the nature of the industry and its competitive or environmental forces
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what is interstate commerce
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business dealiongs involving cmpanies in more than one state
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copy a file from the internet and store it locally on your computer
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Download
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After WWII, consumers began to gain power. As goods and services flooded the market, the marketing concept emerged: a consumer-first orientation as a guide to business decision-making
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Marketing Era
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strikebreakers
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Workers hired to do the jobs of striking workers until the labor dispute is resolved.
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overhead
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the general, fixed cost of running a business, as rent, lighting, and heating expenses, which cannot be charged or attributed to a specific product or part of the work operation.
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rectify
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to make or set right; remedy; to correct
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Limited Partnership
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form of partnership where one or more partners are not active in the daily running of the business, and whose liability for the partnership's debt is restricted to the amount invested in the business
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stock sales
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-another way to make money with stock is to sell it for more than you paid for it (capital gains) taxed by gov’t-if you have lost money on the sale, you have lost money with the stock (capital loss). Able to be written off against taxes
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TEMPERED RADICALS
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people who quietly try to change the dominant organizational culture in line with their convictions
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Multinational Corporation (MNC)
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a corporation that operates on a worldwide scale without significant ties to any one nation or region ex: walmart-many have GDPs higher in their business than in the countries they operate
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A place where currencies of different countries is bought and sold.
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Foreign exchange market
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Thinking at the Margin
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Thinking about the additional costs and additional benefits of making a change in behavior
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Price elasticity of supply
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measures how much the quantity supplied of a good responds to a change in the price of that good Price Elasticity of Supply = % change in quantity supplied/ % change in price
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a negative sope relationsip is also known as what?
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an inverse relationship
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A method of measuring elasticity by comparing total revenues.
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Total revenue test
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5 features of Free enterprise?
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Private Property, Choice Voluntary Exchange, Competition, Incentives
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what is intrastate commerce
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refers to business dealings involving companies that do business in one state
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Quality of Life
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businesses produce most of the goods and services we consume, and they employ most working people.
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financial statement
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A summary of all the transactions that have occurred over a particular period.
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sprawl
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to be stretched or spread out in an unnatural or ungraceful manner:
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Operational plans
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plans that lay out the action and the resource allocation needed to achieve operational objectives and support tactical plans
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executive information system (EIS)
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a management support syst that is customized for an individual executive, provides specific info for strategic decisions.
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What is something that lets people at one site exchange data and share the use or hardware and software form a variety of computer manufacturers?
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Local Area Network
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what is the grapevine?
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Communication that does not follow the formal lines
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37. Who typically owns the product backlog?
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37.1 The Scrum Master
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The chief law officer of a country or state, at the federal level, the person who also holds the position of secretary of the Justice Department
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Attorney General
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span of control
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The number of employees reporting to a single manager.
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price/earnings (P/E) ratio
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market price per share / earnings per share ; used to assess investment potential of common stocks
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Home health care typically includes what types of nursing care. What is the philosophy of home health care?
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Home health typically includes post acute and rehab therapies. Designed to keep the pt. within the hospital system. Services are brought to the pt. It is skilled nursing care. philosophy “maintaining people in the least restrictive environment possible.”
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What difficulties do Sole Proprietors have when trying to attract qualified employees?
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Limited room for advancement and matching wages and benefits of corporations.
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5. Selecting ‘Update Existing Application’ modifies and existing AP?
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False, creates a new AP for an existing Application rule.
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A motion requesting the court to enter a judgment without proceeding a trial. The motion can be based on evidence outside of the pleading and will be granted only if there is no facts in dispute.
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Motion for Summary Judgement
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what is a strategy?
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a strategy is a plan of action developed to achieve an objective. they can only be formed once a business knows what their objectives are.
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What is the formation of the dependency circle?
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nucleus, or highest ranking member, fringe, and the outer, or rejected ones
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What is small claims court?
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In every state, a court system exists to resolve cases involving small amounts.
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flow of money ---leaving a country =entering a country =
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leaving a country = importsentering a country = exports
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10. What are the colored shapes in a Discovery Map?
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a. Green – Human Task
b. Blue – Sub Process
c. Yellow – System
d. Red – Integration
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why is:giving existing employees the chance to develop their career and advantage
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the employees can move their way up to the top of the hierarchal structure
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The life expectancy of a Sole Proprietorship is directly lined to what?
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The owner and his or her ability to work
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